November 11, 2008
China Natural Gas Consumption to Triple by 2020
It is well observed that China's consumption of all energy is at all times increasing but the impact on global natural gas demand is particularly powerful.
It was revealed at the 3rd Asia-Pacific LNG International Conference this year that consumption of natural gas may rise to 210 to as much as 350 billion cubic meters in China by 2020.
Although domestic production may increase to 150 bln cm by that time (from just under 70 bln cm in '07) the amount of imports will equal close to EU consumption today.
In June the Turkmenistan-China pipeline broke ground. When complete it will provide for 30 years up to 40 bln cm of natural gas. Now where to find the other 160 billion cubic meters?
[graphic: Nouriel Roubini's RGE Monitor]
Labels: asian energy security grid, gas
# posted by Sinomania! : 11/11/2008 02:29:00 PM
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