A natural gas power plant in China. [Photo: Xinhua]

China’s natural gas supplies will exceed 360 billion cubic meters by 2020, a report forecast Saturday.

Stable supplies and relatively well-developed infrastructure have buoyed the fast growth of the gas market, according to a report jointly issued by the National Energy Administration, the Development Research Center of the State Council and the Ministry of Land Resources.

Currently, consumers in all 31 provincial-level regions have access to natural gas.

The report said the country is rich in natural gas, holding 90 trillion cubic meters of conventional resources.

China’s natural gas output rose from 50 billion cubic meters in 2005 to 135 billion cubic meters last year,

Gas is China’s fastest growing major fuel, and demand has been boosted by price cuts aimed at switching users from coal to cleaner fuels.

It accounts for around 7 percent of China’s energy production, with a national target to exceed 10 percent by 2020.

Source: Xinhua/NewsGhana.com.gh


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.