TOKYO : Natural gas demand in China is likely to grow this year as the economy recovers, but whether the country's imports of liquefied natural gas (LNG) rebound will depend on spot prices, an executive of PetroChina International said. China's LNG imports dropped nearly 20 per cent to 63.4 million tonne
TOKYO : Natural gas demand in China is likely to grow this year as the economy recovers, but whether the country's imports of liquefied natural gas rebound will depend on spot prices, an executive of PetroChina International said.
China's apparent gas consumption was 366.3 billion cubic metres in 2022, down 1.7 per cent from the previous year, data from the country's National Development and Reform Commission showed. As China's economic activity ramps up following the end of lockdowns, its domestic LNG demand could increase by 10 per cent this year, the International Energy Agency has said, but Zhang remained cautious with predictions.
Russia is one of the key sources for pipeline and LNG supplies to China. The countries remain close allies despite Moscow's decision to send troops to Ukraine last year. Beijing has refrained from calling Russia's military move an invasion.
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