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China’s Gas Demand to Rise 6% YoY in 4Q23

NATURAL GAS

Chinese natural gas consumption is expected to rise by 6% on the year during the fourth quarter of this year to reach 107bcm, with LNG imports forecast to rise by 8% year on year to 19mn tons according to BNEF.

  • Domestic gas production is expected to rise by 6% on the year to 61bcm and pipeline imports are forecast to increase to 17bcm, up by 8% on the year.
  • Chinese natural gas demand grew by 4% year on year in 3Q to 92bcm. LNG imports rose by 22% on the year to 17mn tons.

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