China's natural gas demand to exceed supply by over one-third in 2011

15:25, November 22, 2010      

Email | Print | Subscribe | Comments | Forum 

China's demand for natural gas will exceed its supply by 35 percent in 2011, Yin Jianping, a professor at the School of Business Administration under the China University of Petroleum, said at the first China Energy Forum jointly held recently by the Chinese Academy of Engineering and the National Energy Administration.

Yin said that China's demand for natural gas will maintain rapid growth in the coming decade, and its annual consumption will exceed 150 billion cubic meters by 2015 and 200 billion cubic meters by 2018. The country's demand for natural gas has outstripped its supply since 2008. It is estimated that China's energy supply-demand gap will increase from 38 billion cubic meters in 2015 to 110 billion cubic meters in 2021, and the natural gas supply-demand gap will grow accordingly based on forecasts of the gas supply and demand.

Huang Hui, an expert from the Research and Development Center of the CNOOC Gas and Power Group, said that lack of supply is the root cause of the huge gap, but given the enormous natural gas resources, China still has great potential for the exploration and development of natural gas.

Huang said that according to the third national oil and gas assessment, China has 53 trillion cubic meters of natural gas reserves, with the estimated recoverable reserves amounting to 14 trillion cubic meters. Furthermore, China is also very rich in unconventional natural gas, including nearly 27.4 trillion cubic meters of coal-bed gas, and the natural gas hydrates in the South China Sea alone are equivalent to 700 billion tons of oil.

However, China lacks key technologies that can help turn its large resources into large output, so the three domestic oil giants should strengthen efforts to develop related technologies and introduce liquefied natural gas to ease the natural gas supply pressure in the eastern coastal areas.

By People's Daily Online

(Editor:祁澍文)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion