FGE's two-part monthly report on China's latest developments of the gas markets, LNG imports, and coal/power sectors.
China’s gas consumption has been on the fast growth supported by the nation’s fight against air pollution over 2017-2019.
However, China’s gas demand has been slowing down due to the COVID-19 outbreak in 1Q 2020 and the weak economy which has greatly reduced China’s industrial gas demand growth amongst other sectors. The COVID-19 situation has more or less stabilized within China. Still, knock-on effects of the virus will continue to impact the nation’s gas demand and supply throughout 2020 and likely into 2021.
Moving forward, China’s gas demand is still expected to continue growing at a healthy pace due to continued efforts in coal-to- gas switching in the mid-term, as well as the growth of gas in the power and transportation sectors in the longer term. As such, we expect China to continue as a market driver given the sheer size of its gas/LNG requirements.
FGE’s China Gas Monthly Report, part of FGE’s China Gas Service, provides a comprehensive understanding of the key aspects of China’s gas/LNG markets.