Over the past decade, natural gas consumption in China's mining sector has exhibited substantial fluctuations, with values peaking and troughing. From an actual consumption value of 156.09 hundred million cubic meters in 2013 to 200.35 in 2023, reflective of a 2.7% year-on-year growth. The fluctuations can be noted especially in years such as 2015 and 2016, where negative growth was observed. However, since 2017, the trend shows a consistent year-on-year increase, although at varying rates. From 2023, the average growth rate is expected to hover around 1.93% annually, projecting a rise to approximately 226.25 hundred million cubic meters by 2028.
Future trends to watch for:
- Steadily increasing natural gas consumption due to growing mining activities and policies promoting cleaner energy sources.
- Technological advancements and efficiency improvements in gas extraction and usage within the mining sector.
- Geopolitical factors and market dynamics potentially impacting supply and pricing of natural gas.
