Up to 32 percent of China’s natural gas needs this year will be met with imports, up from 29 percent last year, with imports rising as the country tries to reduce its fossil fuel consumption and improve the air quality, China Daily quoted an analyst at domestic commodities consultancy Sublime China Information Group Co. Ltd. as saying. Import dependency grew to 32 percent for the first ten months of this year. Analyst Wang Xiaokun was quoted as saying that it will stay at around that level for the full year. In 2012, China used 151.4 billion cubic meters of natural gas, up 16 percent over the previous year. Wang estimated that consumption this year will reach 170 billion cubic meters. Imports are estimated at 53 billion cubic meters, up 23.8 percent over the 2012 level.
– Contact HKEJ at [email protected]