Forecast: Natural Gas Consumption in Transport, Storage and Post in China

Natural gas consumption in China's transport, storage, and post sector displayed a solid upward trend from 2013 to 2023, growing from 175.78 HMCM to 431.08 HMCM. Between 2022 and 2023, the consumption increased by 6.24%, following a steady yearly growth pattern. The 5-year CAGR up to 2023 was 8.54%, indicating robust expansion. However, growth has moderated over the years, with the most recent 5-year forecast CAGR dropping to 4.02%, predicting a 21.8% cumulative growth over the next five years.

Future trends to watch for may include technological advancements in transport, improvements in natural gas storage, initiatives promoting cleaner fuel sources, and government policies aimed at reducing carbon emissions, which could further influence natural gas consumption patterns.