Insight
China gas and power month in brief October 2017: gas demand surge continues
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Coal-to-gas switching plays a critical role in China's massive gasification programme. The '2+26' policy alone could bring an additional 10 bcm of demand this winter. As local governments push harder to meet the deadlines for switching, the market is increasingly expecting a shortfall of gas supply. The NDRC has already urged local governments and gas suppliers to manage increasing risks of supply disruptions. On the power side, we are expecting hydropower output to grow strongly – to the detriment of coal generation. The blueprint for developing energy storage will further shift the way power systems have been operated, putting coal power in an increasingly difficult position in the mix.
Table of contents
- Executive summary
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Markets
- Gas demand surge continues as deadline for coal-to-gas switching approaches
- Power market
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Policy
- NDRC issues guidelines to deal with looming winter supply crunch
- China maps out its first blueprint for energy storage
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Corporate activity
- Kazakh deliveries via Central Asia-China pipelines start in October
- PetroChina eyes LNG bunkering business in Jiangsu
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Smog watch
- Blue sky, brisk air and the CPC National Congress
- Beijing AQI
Tables and charts
This report includes the following images and tables:
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Monthly gas demand, bcmMonthly LNG imports, MtMonthly power demand, TwhBeijing AQI
What's included
This report contains:
