Demand for Natural Gas inside China Will Hit 100 Billion Cubic Meters in 2010

China’s natural gas industry is still in the primary development period, and the natural gas output can only cover the demand. So, the country should gradually develop natural gas as the substitution for oil, make natural gas generate power and the major energy resource in urban areas.

The demand for natural gas in China, bolstered by the energy demand in Shanghai and other areas, will maintain a 11-13% growth. The demand for natural gas will hit 100 billion cubic meters in 2010, while the supply can reach 80 billion cubic meters. The projects aiming to transfer natural gas from west China to east China, from benthal area to mainland, and so on, will be able to guarantee the urban area develop and provide numeral development opportunities.

MarketWatch