A worker prepares to refuel an LNG truck at a gas station in Yutian county, Hebei province
Low prices spur rising Chinese gas demand
Q2 demand growth is looking robust after a strong Q1
China’s gas demand maintained a double-digit pace of growth in the first quarter of 2024, driven by robust consumption from industry, power and transport. The strong gas burn across sectors puts demand on track to increase by 9% in the first six months. First-quarter demand growth amounted to 11.9% year-on-year, reaching 108.26bcm and marking a slight deceleration from growth of 14.8% in the first two months, according to the latest data from the state planner the National Development and Reform Commission (NDRC), released in early May. Consumption in March alone climbed by 6.4% year-on-year, to 35.75bcm. Over the same period, domestic gas production increased by 5.2%, to 63.2bcm, while comb
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