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China’s Natural Gas Demand to Rise 6-8% YoY in 2024

NATURAL GAS

China’s natural gas demand is expected to rise by 6-8% on the year in 2024 according to the Chongqing Petroleum and Gas Exchange, cited by Bloomberg.

  • Chinese apparent gas demand in January-November 2023 rise by 7.3% on the year to 356.6mcm.
  • Sinopec forecasts Chinese natural gas consumption to rise steadily until 2040 to reach a peak of 610bcm.

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