Companies / China
CNC Gas & Power To Buy 25mn Tonnes Of LNG Annually By 2010
November 2006 | Industry NewsCNC Gas & Power Company, a unit of China National Offshore Oil Corporation (CNC), has said that it will import 25mn tonnes per year (tpa) of liquefied natural gas (LNG) by 2010 in order to meet rapidly growing demand for the fuel. Gas currently accounts for only slightly more than 3% of total energy consumption in China, but that share is expected to treble between 2004 and 2010. During the period to 2010, we see gas demand climbing from last year's 47bcm to at least 117bcm. This will involve increases in domestic production and imports, by pipeline and in the
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Asia Pacific Oil and Gas Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Asia Pacific Oil and Gas Insight please click on the trial link below.
