China’s Gas Growth to Slow as Cheaper Options Squeeze Demand
- Government policies, including lower rates, are a hindrance
- LNG imports are likely to suffer the most from alternatives
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A slowing economy and cheaper alternatives are likely to take the edge off China’s appetite for natural gas.
Consumption of the cleaner-burning fuel, billed as a crucial bridge to net zero, has regularly seen double-digit percentage growth in recent years. But that’s expected to subside to more modest levels as weakness in industrial usage and a surfeit of both dirty coal and renewable energy put the brakes on demand.