China's natural gas demand is expected to reach 145-150 billion cubic meters (bcm) during this winter heating season, 5-8% higher than a year ago, a gas marketing executive with China's state energy group Sinopec Corp said on November 8.
Meng Yadong, director at the marketing department of Sinopec Gas Company, noted during an industry seminar that the company sees China's natural gas market largely in balance this winter season, which typically starts in mid-November and ends in mid-March next year.
In earlier days, Sinopec expected China's natural gas demand to increase by 82% to 510 bcm in 2030.
Demand from the industrial sector will be the key driver of China's natural gas demand, driven by environmental policies and the expansion of industrialization. And gas demand from the power sector will also rise in the future as new gas power plants are expected to start up in coastal provinces in the coming years, Meng added.
(Writing by Tian Zhang Editing by Tammy Yang)
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