Commodity Market Report
China gas markets long-term outlook H2 2019
This report is currently unavailable
Report summary
China’s gas market growth faced multiple headwinds in 2019. Trade war and a slowing economy have dragged on industrial and commercial activity, resulting in less momentum in gas demand. Policymakers have become more tolerant of burning coal, leading to moderation in coal-to-gas switching policies. We estimate total gas demand grew by 9%, or 26 bcm, year-on-year. This has decelerated from 17%, or 41 bcm, growth achieved in 2018. Despite a slowdown, gas continues to increase its share in the energy mix. Notwithstanding short-term turbulence, China’s gas demand still holds bright growth prospects longer term. In spite of a slight downgrade from our H1 2019 outlook, we expect gas demand to reach 557 bcm by 2030 and 668 bcm by 2040. China’s gas demand will more than double in the next 20 years. Residential and commercial (including space heating) will contribute to around half of the increase, while the power sector will contribute to about 25%.
Table of contents
- Balancing act between environmental goals and energy realities brings challenges to demand growth pace
- China paves way for further gas sector reforms
- Chinese LNG importers are repositioning themselves along the gas value chain
- Central Asian gas imports face delays and competition from Russian gas
- Russian gas enters northern China, but new import corridors are at risk
- China beefs up domestic gas output to reduce import dependence
- What's changed – H1 vs H2
- Related reports
Tables and charts
This report includes 8 images and tables including:
- Total gas demand
- Gas demand by sector h2
- Power capacity
- Power generation
- China conventional supply outlook
- China unconventional supply outlook
- China LNG imports outlook
- China pipeline imports outlook
What's included
This report contains:
Other reports you may be interested in
Insight
China gas and power datapack 2024
Monthly coverage of China's market balance and prices in gas and power sectors
$950
Commodity Market Report
Asia Pacific product market strategic planning outlook
This outlook for the Asia Pacific oil products market analyses the key long term trends to 2050 to support your strategic planning
$4,750
Insight
Long-term Brent price maintained at US$65/bbl – oil and gas price assumptions versus forecasts
Defining our price assumptions and methodology, their use in our tools and services, and why these are independent of our price forecasts.
$1,350
