China sees consumption of gas quadruple in coming decade

Jun 23, 1999 02:00 AM

China will quadruple consumption of natural gas in about a decade, according to the State Petroleum and Chemical Industry Bureau.
Long-distance pipelines are to be laid from China's gas-rich western areas to the energy-short east and the south, said officials in Beijing. They added that foreign investors were encouraged to participate in pipeline construction.
Opportunities for foreign investors may come for building a gas pipeline to stretch thousands of kilometres from Russia to China as the Chinese government is considering the import of Russian gas, according to Chen Geng, deputy director of the petroleum and chemical industry bureau.

The French oil giant Total and Gaz de France, which hosted the recent China-France Gas Industry Policy Seminar together with the China National Petroleum Corp, are among the firms that wish to participate in China's gas programs.
Natural gas now accounts for only 2 % of energy consumption in China, compared with the 23 % world average. In contrast, dirty coal makes up 75 % of China's energy consumption.
The Chinese government is considering policy support in taxation and pricing, Chen said.
Moreover, subsidies may be used to compensate end-users, as the country will have to maintain high natural gas prices to ensure developers' revenues.

Source: Iinoil
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