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One-third of natural gas demand might not be met in 2011

By Hao Yan (chinadaily.com.cn)
Updated: 2010-11-22 11:18
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China might see its natural gas supply fail to meet 35 percent of the demand in 2011, China Business News reported on Monday, citing a professor at China University of Petroleum.

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Yin Jianping, a business professor at China University of Petroleum, said the demand for natural gas in China has surpassed its supply since 2008, and the demand will keep growing rapidly in the coming ten years, according to China Business News.

Annual consumption of natural gas could top 150 billion cubic meters in 2015 and more than 200 billion cubic meters in 2018, Yin said.

According to predictions regarding the supply and demand of natural gas, the country's natural gas shortage might reach 38 billion cubic meters in 2015 and expand to 110 billion cubic meters in 2021, Yin said.