Forecast: Natural Gas Available for Consumption in China

China's natural gas consumption is projected to increase steadily from 2024 through 2028. In 2023, the actual consumption stood at 3.88 Trillion Cubic Meters. For 2024, it is forecasted to rise to 4.05 Trillion Cubic Meters, marking a 4.38% year-on-year growth. This growth trend is expected to continue, with the figures for 2025 to 2028 showing respective increases of 4.44%, 4.26%, 3.86%, and 3.49%. The Compound Annual Growth Rate (CAGR) over the five-year period is forecasted at 3.99%.

Future trends to watch for:

  • Government policies supporting cleaner energy transition.
  • Technological advancements in natural gas extraction and distribution.
  • Global energy market fluctuations and its impacts on natural gas demand and supply.
  • China's economic growth and its direct impact on energy consumption patterns.
  • Increased investment in natural gas infrastructure and storage facilities.

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