Insight
Bright outlook despite short-term turbulence: China gas and power month in brief January 2017
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2016 ended weaker-than-expected for China's gas and power demand as a result of mild weather. Overall gas demand in 2016 picked up by 6.6%, but LNG imports soared by over 70% in December, thanks to more cargo deliveries and the decline of Central Asian imports. Power demand was up by 5% in 2016, pretty good growth given the flat 2015. The warm market is adding to the festive mood as we enter the Year of the Rooster, as is the move to reposition natural gas as one of the main sources to clean China’s energy mix. This will unlock huge investment opportunities. Elsewhere, we see further progress on capacity rationalisation of China's coal-fired power projects, and a green electricity certificates scheme was announced to better support renewables.
Table of contents
- Executive summary
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Markets
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Milder weather fails to stop strong LNG imports
- Monthly power demand
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Power demand recovery continues but uncertainties loom
- Beijing AQI
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Milder weather fails to stop strong LNG imports
Tables and charts
This report includes the following images and tables:
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Bright outlook despite short-term turbulence: China gas and power month in brief January 2017: Image 1Monthly gas demandMonthly LNG demandBright outlook despite short-term turbulence: China gas and power month in brief January 2017: Image 4Bright outlook despite short-term turbulence: China gas and power month in brief January 2017: Image 5
What's included
This report contains:
