Coal and renewables gear up for China demand fight
The engine of global gas demand growth may be at risk of a fuel problem
The prominence of gas in changing China’s coal-dominated power mix may face more substantial challenges than forecast from renewables and so-called ‘clean coal’—potentially calling into question the electricity sector’s oft-touted future role as a pillar of Chinese gas demand growth. Until recently, the consensus view was that the power sector would be a major contributor in bolstering China’s future gas consumption. Growth in gas demand for power generation grew by an estimated 30pc in 2018, with 281TWh of electricity produced from the cleaner-burning fuel, according to the IEA. The IEA forecast in 2018 that gas demand from China’s power sector would reach 84bn m³ by 2023, up from 50bn m³ i
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!