The forecast for China's gas consumption shows a consistent annual increase from 416.08 billion cubic meters in 2024 to 495.63 billion cubic meters in 2028. Year-on-year growth for these years is projected at approximately 4.8%, indicating steady demand escalation.
In 2023, actual consumption was 395.5 billion cubic meters, signifying a significant rise by 2024. The Compound Annual Growth Rate (CAGR) over five years is approximately 4.5% from 2023 to 2028.
Future trends to watch include China's policies for transitioning to cleaner energy, infrastructural developments, and changes in international gas markets that could affect domestic consumption patterns.
