Annual gas consumption to reach 400b cubic meters by 2030

By Fu Jing and Li Jiabao (chinadaily.com.cn)
Updated: 2009-07-04 10:41

China's annual consumption of gas will reach 400 billion cubic meters by 2030, with 150 billion cubic meters coming from imports and the remainder from domestic production, Jia Chengzao, chairman of the Chinese Petroleum Society (CPS), said Saturday at the Global Think Tank Summit in Beijing.

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By then, China's consumption of gas will account for up to 6 percent of its overall energy consumption, which is still lower than the world average level of 26 percent, according to Jia.

Considering that China's import of gas will see an average annual increase of 20 billion cubic meters in the coming years, Ma Xinhua, vice-president of PetroChina Exploration & Production Company, said that China's supply of gas may be greater than its demand during certain time. He suggests that China put priority on the consumption of imported gas.

The first Global Think Tank Summit will be held in Beijing from July 2-4, where close to 100 top-notch think tanks from home and abroad will be represented, including the Brookings Institution.
Main Forum
International Financial and Economic Crisis and Global Economic Outlook
Sub-Forums
I:  Promoting Trade Liberalization and Investment Facilitation
II: Sustainable Development and Macro-economic Policies
III: Cooperation and Responsibilities of Multinationals during the Financial and Economic Crisis
IV: Global Consumption, Savings and Financial Security
V:  Idea Exchange with Global Think Tanks on Key Economic Issues
Agenda
Afternoon of July 2 - Opening Ceremony
July 3 - Main Forum
July 4 - Parallel Sub-Forums
 
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