China’s Jan natural gas consumption rises 18% on year: NDRC
China consumed 28.70 Bcm of natural gas in January, up 18.1% year on year, the National Development and Reform Commission said on its website.
The natural gas consumption growth in January outpaced the growth rate of around 7.5% in January 2017, according to S&P Global Platts calculation based on the NDRC’s historical data, implying China’s increasing demand for natural gas.
The government’s targets to reduce air pollution and move to cleaner burning fuels, exemplified by its Blue Sky Policy and the Five-Year Plan, will continue to drive the country’s gas consumption, Platts reported earlier.
China produced 15.3 Bcm of natural gas in January, up 9.7% year on year, the NDRC’s data said.
The country imported 13.7 Bcm of natural gas in January, up 29.3% from last January, according to the NDRC data.
NDRC normally releases key data on natural gas output, imports and consumption on a monthly basis, but does not provide explanations for the changes.
Platts calculates the data for the prior year based on the percentage changes provided by the NDRC.