China's demand for oil, natural gas to remain robustStaff Writer | June 27, 2017
China is expected to post steady demand for oil and natural gas in the near future despite a slowdown in global consumption, a report showed Monday.
Asia The Chinese Academy of Social Sciences:
Reserves and output of oil and natural gas keep growing steadily while consumption continues to slow or might even drop in the future, leading to over-supply of oil and natural gas, the report pointed out.
Global natural gas output is expected to reach five trillion cubic meters by 2030 and Asia will be a major consumer, the report showed.
Demand for natural gas in Asia and China's abundant output and imports make it possible for China to plan for a regional natural gas trading center for Northeast Asia, the report added. ■