Insight
China gas and power month in brief: moderate demand reduces winter gas shortage threat
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Report summary
Policy and market signals imply that industrial and heating gas demand growth this winter could be moderate compared with last winter, helping to ease the pressure on gas supply. However, the temporary slowdown in LNG demand won’t rock China’s position as the fastest growth market. On the power side, energy-intensive industries continue to drive growth in electricity consumption, though services have also been a bright spot.
Table of contents
- Executive summary
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Markets
- LNG import growth slows as spot prices start to fall
- Industrial sectors continue driving power demand
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Policy
- Beijing-Tianjin-Hebei cluster establishes winter air pollution control action plan
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Corporate activity
- CNOOC and Total renegotiate LNG sales agreement
- ExxonMobil and Zhejiang Energy conclude 20-year supply agreement
- CNOOC sells access to Zhejiang terminal via Shanghai exchange
- KazTransGas to double natural gas exports to China
- World's first third-generation nuclear reactors enter commercial operation
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Smog Watch
- Beijing plagued by consecutive days of grey skies
Tables and charts
This report includes the following images and tables:
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Monthly gas demandMonthly LNG importsBeijing AQIMonthly power demand
What's included
This report contains:
