Off the wire
• Feature: Lincoln Center devotes annual concert to Chinese new year celebration  • Nepal's former PM Koirala cremated with state honor  • Roundup: Afghan conflicts claim 27 lives, 11 militants hand in weapons  • Goran Milovic joins Chongqing Lifan Football Club  • Share of renewables in EU energy consumption up to 16 pct in 2014  • Climate change could affect transatlantic flights: study  • French foreign minister to leave office  • Four civilians killed as minibus hits landmine in eastern Ukraine  • Commentary: Financial turmoil highlights need for global economic governance reforms  • Chad's president to run for fifth term  
You are here: 　 Home

China natural gas consumption growth slows

Xinhua, February 10, 2016 Adjust font size:

China is pinched by natural gas oversupply due to slowed consumption growth and increased imports, a latest report showed.

China's apparent consumption of natural gas amounted to 191 billion cubic meters in 2015, up 3.7 percent year on year, the report by China National Petroleum Corporation said.

The 10-year low growth was attributed to economic slowdown and high gas prices, according to the report.

Meanwhile, China's natural gas imports rose 4.7 percent year on year to 62.4 billion cubic meters, while domestic production expanded 3.5 percent year on year to 131.8 billion cubic meters.

As a result of optimistic judgement of increasing demand for natural gas and the need to ensure energy supply security, China signed a raft of long-term contracts to import natural gas around 2010. The contracts are taking effect.

Weak demand has led to excessive supply of natural gas in China. However, natural gas consumption is expected to rally in 2016, thanks to price cut and environmental protection pressure, according to the report. Endi