MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

China's Gas Imports Could Rise to Cover 50% of Demand in 2035: CNPC

NATGAS

China’s natural gas imports could rise to climb 300bcm and match domestic supply capacity to cover half of total demand which could plateau around 600bcm a year over 2035-2040, according to CNPC’s Economics and Technology Research Institute cited by Bloomberg.

  • The current ratio of imports to overall supply is around 40% and the increase would depend on attractive overseas prices.
  • China’s output from unconventional gas resources, including shale, coal bed methane and ultra-deep drilling, could increase from 38% to 50% of production.
  • Gas-fired power capacity could increase from 126 GW to 300 GW to support integration of renewable energy. Gas-fired capacity accounts for 4.3% of China’s overall generation.
  • Gas demand in China is expected to decline from 2040-2060 due to hydrogen development.
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.