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Chinese Gas Production Rises 6.4% in 2022 y-o-y

NATURAL GAS

Chinese natural gas production gained 6.5% in December from a year earlier to 20.4 bcm, a monthly record as state oil majors stepped up production.

  • Gas output for 2022 rose 6.4% to a yearly record of 217.8 bcm – the sixth year that annual production has risen by more than 10 bcm.
  • China cut back on costly LNG imports last year – a key factor helping Europe face less competition as it largely goes without Russian flows this winter.
  • Chinese crude output was up 2.9% in 2022 from 2021 at 204.67 million tonnes, or 4.1 million bpd, with December output up 2.5% on the year at 16.87 million tonnes.
Energy BulletsCommodities
Energy BulletsCommodities

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