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在線翻譯:
szdaily -> Business -> 
Gas demand to surge
    2019-04-09  08:53    Shenzhen Daily

THE country’s natural gas demand is set to grow by 14 percent in 2019 amid a huge government push to spur consumption of the fuel, a senior industry executive said, requiring the nation to import huge amounts of liquefied natural gas (LNG).

Yet even China’s booming consumption may not soak up a large glut of LNG that has emerged across Asia and dragged spot prices for the fuel down by 60 percent over the past half year.

China’s gas demand will expand by 30 billion to 40 billion cubic meters (bcm) this year, Li Yalan, chairwoman of Beijing Gas Group, main supplier to the Chinese capital, was quoted by Reuters as saying yesterday.

That would be an increase of as much as 14 percent from the 280 bcm of gas China consumed in 2018, according to data from the National Development and Reform Commission (NDRC). It would also be slower than China’s 2018 demand surge of 18 percent.

The rising gas demand is a result of China’s continuing policies to switch to gas from coal for heating and industrial uses and as the industrial sector buys more gas following cuts in the value-added tax that went into effect April 1, she said.

“The broad direction is not going to change, which is to restructure the energy mix by increasing the share of natural gas,” Li said. “What China needs to do is to connect the gas supplies with the demand nicely to ensure a smooth switch.”

Better State planning to ensure grid connections and to encourage energy companies to boost imports in advance helped China’s gas market, the world’s third largest, to expand by a record 43 bcm last year, Li said.

“This year we’ll likely see the market growing between 30 and 40 bcm, which is a normal range,” said Li. (SD-Agencies)

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