As of 2023, China's import of natural gas in gaseous state stood at 40 billion kilograms. From 2024 onwards, a steady increase is expected, with a forecasted import rising from 41.72 billion kilograms in 2024 to 48.091 billion kilograms by 2028. This represents a compound annual growth rate (CAGR) indicating consistent demand growth.
Year-on-year growth rates indicate a persistent upward trajectory in natural gas imports, reflecting China's need to supplement domestic energy production and transition towards cleaner energy sources.
Future trends to watch include China's policy shifts towards renewable energy, potential geopolitical impacts on supply chain stability, and advancements in domestic natural gas production and infrastructure, which may alter import dependencies.
