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China gas and power month in brief: Surging gas demand and the US$1 trillion story

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Report summary

The efforts China has made to nurture its gas market are bearing some fruit gas demand grew by 22% year on year in April driven by a continual policy push on coal to gas switching and improving gas economics relative to coal and oil. This dynamic emerging market is becoming more attractive to gas exporters. China and the US have stepped up their economic cooperation with a 100 day action plan that includes commitments to allow more US LNG exports to China. Uzbekistan also signed 10 energy deals worth US$5 billion with Chinese partners during the Uzbek president s first China visit. As the energy supply glut and renewable curtailment issue lingers the State Grid Corporation of China and Sichuan province unveiled new measures to cut curtailment and boost demand. More fundamental consolidation in the energy sector is brewing with a potential value chain integration worth US$1 trillion.

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    China gas and power month in brief: Surging gas demand and the US$1 trillion story

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Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • China gas and power month in brief: Surging gas demand and the US$1 trillion story: Image 1
  • Monthly gas demand
  • Monthly LNG demand
  • Monthly power demand
  • Beijing AQI

Tables

  • China gas and power month in brief: Surging gas demand and the US$1 trillion story: Table 1

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