In 2023, China's average daily natural gas consumption stood at an estimated 11.10 hundred million cubic meters. Forecasted figures depict a steady increase: reaching 11.65 in 2024, climbing to 13.84 by 2028. This indicates a year-on-year growth rate from 2024 to 2028, highlighting robust demand in sectors such as industrial usage, residential heating, and power generation. The compound annual growth rate (CAGR) across these forecasted years is approximately 3.4%, suggesting a strong upward trend.
Future trends to watch include the acceleration in consumption driven by urbanization and clean energy policies. Additionally, geopolitical developments and technological advancements in renewable energy will influence demand dynamics.
