Research report on China's natural gas and liquid natural gas (LNG) industry, 2013-2017
Friday, Dec 07, 2012
Research and Markets (http://www.researchandmarkets.com/research/xkg6fz/research_report) has announced the addition of the "Research Report on China's Natural Gas and Liquid Natural Gas (LNG) Industry, 2013-2017" report to their offering.
“Research Report on China's Natural Gas and Liquid Natural Gas (LNG) Industry, 2013-2017”
In 2011, the output of China's natural gas reached 102.531 billion cubic meters, increasing by 6.9% YOY; the apparent consumption was 130.71 billion cubic meters, with an increase of 20.5% YOY. In 2011, the import volume of China's natural gas reached 31.39 billion cubic meters, rising by 89% YOY; the export volume reached 3.21 billion cubic meters, decreasing by 20.9% YOY. In 2011, the total imported LNG in China was 12.2126 million tons, up by 30.71% YOY. Among it, the import volume from Australia was 3.6381 million tons, down by 7.16% YOY; the import volume from Qatar was 2.33 million tons, increasing by 92.29% YOY; the import volume from Indonesia was 1.9855 million tons, with a rise of 16.69% YOY. In 2011, the foreign independence of China's natural gases reached 21.56%, increasing by about 10 percentage points over 2010.
Since 2011, according to the trend of international crude oil prices, the ex-factory of industrial products of China's oil and natural gas exploitation industry remains relatively high. Together with continuously rising demand for oil and gas, the rapid increase in sales revenue of the industry is ensured. In 2011, the sales revenue was CNY 1.246649 trillion, increasing by 29.19% YOY. Although the growth rate reached nearly 30%, the growth rate of sales revenue slightly declined over 2010.
It is expected that the consumption of natural gas in China will surpass 150 billion cubic meters in 2012, and the growth rate of natural gas apparent consumption will be over 20%. In 2012, the output of China's natural gas will reach around 110 billion cubic meters, and the total import volume will exceed 45 billion cubic meters. The proportion of import volume in the total consumption will rise to 30%.
As for China's market, there are many investment opportunities for exploitation, trade and equipment manufacture enterprises of natural gas and LNG. In the exploitation field of China's natural gas, non-state-owned capital is subject to many limitations. However, private and foreign-funded enterprises are accessible to invest in shale gas, coal bed gas and LNG fields which are currently encouraged by China's government and provided with certain preferential policies.
Source: Business Wire
To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today