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China dependent on natural gas import

Staff writer ▼ | December 26, 2013
China's dependency on natural gas imports will continue to increase as the country is trying to reduce its fossil fuel consumption and improve air quality, experts said.
Natural gas
Natural gasChina's dependency on natural gas imports will continue to increase as the country is trying to reduce its fossil fuel consumption and improve air quality, experts said.


Up to 32 percent of China's natural gas use this year will depend on imports, Wang Xiaokun, an analyst at domestic commodities consultancy Sublime China Information Group Co Ltd, said. Last year, 29 percent of China's natural gas came from foreign sources, according to the consultancy's estimates based on data from the National Bureau of Statistics and import data from the customs office, reports China Daily.

The figure grew to 32 percent for the first 10 months of this year. Ms. Wang estimated it will stay at around that level for the full year. "China's dependency on foreign natural gas supplies will continue to grow because the output of existing domestic gas fields is decreasing, while the country's demand is rapidly increasing," she said.

In 2012, China used 151.4 billion cubic meters of natural gas, up 16 percent year-on-year. In the first 10 months of 2013, the country's natural gas consumption was at 134.3 billion cubic meters. Ms. Wang estimated that full-year natural gas use will reach 170 billion cubic meters, up 12.3 percent from the previous year.

Because of growing demand, China's natural gas imports have been boosted in recent years. Natural gas imports soared from 940 million cubic meters in 2006 to 31.4 billion cubic meters in 2011.

According to China National Petroleum Corp's Economics and Technology Research Institute, the nation imported 42.8 billion cubic meters of natural gas in 2012, accounting for 29 percent of the country's total gas consumption. The institute estimated that China will import 53 billion cubic meters of natural gas this year, up 23.8 percent year-on-year.

As the country's biggest natural gas producer and importer, China National Petroleum Corp will continue to boost natural gas imports, with more investments in pipelines and liquefied natural gas projects, said Zhou Jiping, chairman of the company.


 

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