Date: 4 months ago   Category: Energy

Gazprom expects growth of consumption of gas in China to 300 billion cubic meters a year — Rambler News Service


Gazprom expects growth of consumption of gas in China in the next years to 300 billion cubic meters a year, the head of Gazprom Alexey Miller has told journalists. According to him, in 2017 consumption in the country has increased more than by 15% and has reached 237 billion cubic meters. And in the first half of the year 2018 growth was already 17,5% in comparison with the same period of last year. "The People's Republic of China annually shows impressive growth rates of demand for natural gas... In the conditions of the environmental policy pursued by the Chinese government consumption of gas in China will only increase and in the next years will come to level more than 300 billion cubic meters a year", - Miller has noted. The head of Gazprom has emphasized that growth rates of consumption advance growth of own production in the country, so, import will be increased. Following the results of the first half of the year 2018 China has come out on top in the world on the total amount of import of natural gas — pipeline plus LNG — having bypassed Japan. Gas supply from abroad has grown to 58,4 billion cubic meters that is 35,4% more, than for the same period of 2017. "Gazprom is ready to deliver reliably to the Chinese consumers considerable volumes of gas", - he has emphasized. Miller has added that China — one of key buyers of LNG of a portfolio of the Gazprom group. Last year 19% of the total amount of deliveries to foreign markets were the share of China.

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