China looks for Russian natural gas
Mar 11, 2018 10:00 am
In 2017, the volume of gas supplied to China amounted to 237 billion cubic meters (+ 14% compared to the previous year)
In the absence of reserves, China is trying to buy a large amount of gas from Russia and other countries. This was announced by He Lifeng, head of the Chinese State Committee for Development and Reforms. “As for gas supplies, we will build them with the help of the neighboring producer countries, they are Russia, the Central Asian countries and the Asia-Pacific region,” he explained.
To increase its reserves, He Lifeng then announced, China will also increase the construction of gas storage facilities in cities. However, these plants must have a minimum capacity of at least 10 days of supply: a higher number than those currently available in Beijing. At the moment – the official continued to explain – the Chinese city with the most gas reserves is Shanghai.
In 2017, the volume of gas supplied to China amounted to 237 billion cubic meters, an increase of 14 percent over the previous year. “For the first time since the constitution of the People’s Republic of China, we have recorded such a significant growth, and at the same time, taking into account the new prerequisites, we will have to guarantee energy security to cope with increasing volumes of gas supplies”.
With the ever-increasing demand, the regions of northern, central and north-eastern China have recently experienced a severe shortage of natural gas. Despite this, according to the report of the US Energy Information Administration, China is confirmed as the world’s second largest importer of natural gas and will account for at least a quarter of all global growth in natural gas consumption between 2015 and 2040
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