China natural gas share in energy mix to double by 2040, IEA

sxcoal.com Environmental Protection 2017-12-13 08:53:00

The share of natural gas in China's energy mix will double to 12% by 2040, according to an International Energy Agency (IEA) report published in Kunming December 12.


"China's annual gas production will more than double to 340 billion cubic meters in 2040, with shale gas a major contributor, but consumption is foreseen to grow even faster, reaching 600 billion cubic meters," said the China Special Report of the World Energy Outlook 2017.


The report, launched in the southwestern Chinese city of Kunming, Yunnan Province, said that by 2040 China would be involved in about one-quarter of the global long-distance natural gas trade.


The rise of natural gas use is the result of the government promoting natural gas as a cleaner alternative to coal. Overall energy demand is growing much slower than that during the early 2000s, the report noted.


In the first eight months of this year, China used 150 billion cubic meters of natural gas, 37.9% of which was imported, according to the National Development and Reform Commission.


From January to August, gas output rose by 10.8% year on year, though consumption grew 17.8%, fueled by the coal-to-gas switch campaign that encourages residents to use clean energy for household heating, the commission said.


The IEA report forecast that the share of coal in energy mix will drop to 45% by 2040.


The share of coal in power generation will also decline from about two-thirds in 2016 to less than 40% by 2040, according to the report.


(Writing by Jessie Jia  Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Indonesian coal prices flat as prompt cargoes hardly available 2021-11-29

Despite looming downward pressure as the Chinese government may further regulate domestic market, Indonesian thermal coal prices were largely unchanged at the beginning of this week, backed by limited

2 Weekly China thermal coal market analysis and forecast 2021-11-29

Chinese domestic thermal coal market gained some ground last week due to more purchases from utilities to prepare for higher consumption, though retreated after the government signaled further price r

3 China's coking coal prices have limited downside room as demand expected to pick up 2021-11-29

The downside space of coking coal prices in China may be limited, given the increasing likelihood of concentrated replenishment from coke producers after their feed coal stocks dropped to the lowest l

4 China Coal Daily Track (Nov 29) 2021-11-29

Thermal coal Production area Coal prices at production regions saw mild upward corrections, and mines generally maintained high capacity utilization. Most coal mines focused on long-term contra

5 China's Erenhot border crossing halts non-containerized coal imports via railway 2021-11-29

Erenhot border crossing in northern China's Inner Mongolia autonomous region announced to suspend non-containerized coal imports via railway from November 28 until further notice, as one of the measur

6 Weekly China coking coal market analysis and forecast 2021-11-29

China's coking coal prices showed signs of stabilizing during the past week, with some high-priced coal and materials of poor cost performance keeping falling, and some coal types with previous deep p

7 NDRC mulling new market pricing mechanism for coal 2021-11-29

China's top economic planner held a symposium recently with key coal and power enterprises discussing a way to improve the market pricing mechanism for coal, in a way to bring the prices back to a rea

8 Gale-induced port halts boost coal stocks at QHD port 2021-11-29

Coal stocks at China's largest coal transfer port of Qinhuangdao climbed further to 5.62 million tonnes late last week as strong gales accompanied by the second cold wave forced port closure and thus

9 Poland Oct coal production down 3.6% MoM 2021-11-29

Poland's coal production totaled 8.62 million tonnes in October, rising 1.44% from a year ago, but falling 3.6% from September, showed data from Central Statistical Office of Poland.

10 The alignment of coal-electricity relationship key to solve coal shortage 2021-11-29

The unprecedented campaign nationwide this year to secure coal supply and stabilize coal prices has delivered positive results, as inventory rebounded to health levels at power plants and coal prices

Most Read Articles

1 China's Nov coal imports from Mongolia expected to further rise, prices to fall 2021-11-24

China's coal imports from Mongolia are expected to further rise in November after a significant rise in the previous month, with the month-to-date coal truck traffics in its largest border crossing we

2 Thermal coal trades growing in China as cold weather drives demand 2021-11-24

After being muted for weeks, the Chinese domestic thermal coal market saw the trading activity warm up again as cold weather prompted utilities to restock to cope with the potential cold snap that wou

3 Erenhot border crossing to resume road transport, yet schedule unclear 2021-11-24

China and Mongolia planned to restart road transport at Zamyn-Uud/Erenhot border crossing in the near term, on the premise of strict implementation of anti-pandemic measures in the two countries, but

4 China's utility coal stockpiles to hit historical high, NDRC 2021-11-25

China's National Development and Reform Commission (NDRC) expected coal inventories at power plants would exceed the scale in the same period last year, reaching the highest level in history, laying a

5 Indonesian miner ITM's Q3 coal output lower than expected; annual goal lowered 2021-11-24

Indonesian thermal coal miner Indo Tambangraya Megah (ITM) produced 4.6 million tonnes of coal during July-September, falling 6% compared with the same period in 2020, the company said in a report.

6 Hunan major power plants' coal consumption jumps 120.5% YoY in Oct 2021-11-24

Coal consumption of major power plants of Hunan province totaled 2.86 million tonnes in October, jumping 120.5% from the year prior, said the local energy bureau. By November 15, coal sto

7 S Korea to idle up to 16 coal-fired power utilities this winter 2021-11-25

South Korea planned to close 8-16 coal-fired power plants during December-February 2022, in a bid to reduce dust discharge this winter, while other plants were asked to operate at below 80% capacity,

8 Global crude steel production down 10.6% on yr in Oct, WSA 2021-11-24

Global crude steel production fell 10.6% from a year ago to 146 million tonnes in October 2021, showed data from the World Steel Association (WSA) on November 23. In October, the top ten

9 Chinese thermal coal traders cautious about downside risk 2021-11-25

Chinese coal traders indicated worries about downside correction in the domestic thermal coal market as the government is studying ways to improve the pricing mechanism. The market was moving sideways

10 Indonesian thermal coal further rises amid improved tender results 2021-11-26

Indonesian low-CV thermal coal prices drifted higher on November 26 after more results were available for the latest tender issued by Huaneng Group, one of the largest state-owned power producers in C