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Chinese gas market draws investors
Publication year - 2005
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2005.300507.x
Subject(s) - gas consumption , china , natural gas , business , consumption (sociology) , gas pipeline , market size , international trade , chinese market , economy , international economics , economics , commerce , political science , engineering , petroleum engineering , law , social science , environmental economics , sociology , waste management
With annual growth of 15% expected between now and 2020, China's booming gas market is attracting increasing numbers of inquiries from potential foreign investors. Consumption is expected to rise sharply once imports of LNG begin in 2006. Six import terminals have already been announced with a further 13 awaiting final approval. In addition, there are proposals to bring in natural gas by pipeline from Russia and Central Asia. By 2020, the Chinese gas market is estimated at 19.5 bn cfd: about half the size of the current Western European market.