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6 Pages

China gas and power month in brief: demand growth gaining momentum


China gas and power month in brief: demand growth gaining momentum

Report summary

China’s gas and LNG demand remained impressive in June. Gas demand went up by 28% year-on-year and LNG imports grew by 38%. Such strong growth is primarily due to industrial users switching from coal to gas. Meanwhile, the government has announced more supporting policies to nurture and spur gas demand, enhance pipeline interconnectivity and cut pipeline transmission and distribution tariffs. Companies are responding to this positive change. Emerging players such as Huadian and Guanghui are co-operating to import low-cost LNG through third-party access to harness the demand take-off. Gazprom also aims to supply gas to China by commissioning the Power of Siberia pipeline by the end of 2019. As the gas sector reform gathers momentum, the power transmission reform is also setting the stage for future power price reductions. China’s solar power capacity looks set to beat its 2020 target three years early, showing the transition to clean energy is only getting faster.


What's included?

This report includes 2 file(s)

  • China gas and power month in brief: demand growth gaining momentum PDF - 625.39 KB 6 Pages, 0 Tables, 5 Figures
  • July 2017 dashboard.xls XLS - 192.50 KB

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

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  • Executive summary
  • Markets
    • Cheap LNG continues to support coal-to-gas switching
    • Power supply is getting cleaner but strong demand may not last
  • Policy
    • More focused and concrete plans to boost gas utilisation
    • China rolls out mid- to long-term gas facility expansion plans
  • Corporate activity
    • Huadian joins hands with Guanghui to import spot LNG
    • Gazprom announces Power of Siberia start-up by end of 2019
  • Smog watch
    • Summer skies remain relatively clear

In this report there are 5 tables or charts, including:

  • Executive summary
    • China gas and power month in brief: demand growth gaining momentum: Image 1
  • Markets
    • Monthly gas demand
    • Monthly LNG demand
    • Monthly power demand
  • Policy
  • Corporate activity
  • Smog watch
    • Beijing AQI
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