Woodmac says Chinese gas import will keep growing

China's gas import will continue to grow considerably despite expectations that the country's own output will more than double over 20 years, UK analyst firm Wood Mackenzie assesses in a new report.

Photo: Issei Kato/Reuters/Ritzau Scanpix/REUTERS / X90003

Although China is expected to hold the world's third-largest gas output in 2027, Chinese gas import will continue to rise, according to UK analyst firm Wood Mackenzie.

In a new report, Woodmac estimates that demand for foreign gas will amount to more than 673 billion cubic meters in 2040, which will correspond to more than half of Asia's energy consumption.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

The 'new' Seadrill estimated to be worth USD 1.2bn

SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2bn. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.

Higher revenue didn't save Subsea 7 from bottom-line loss

Subsea 7 increased its revenue with 59 percent compared to 2020, however, it was not enough to keep the balance sheet in the black on the bottom line. The offshore company states that delays and Covid-19 impacted business in the second quarter.

Equinor continues advance in Q2

After a year of seeing deficits in several quarters, Equinor now maintains the fine form the company came into during the first quarter 2021.

Further reading

Related articles

Trial banner

Latest News

See all jobs