In 2023, China's natural gas consumption in the production and distribution of electric power and heat power stood at 718.92 hundred million cubic meters. Starting from 2024, projected consumption shows an annual growth, with estimates reaching 935.08 by 2028. The year-on-year growth rates from 2024 to 2028 reveal a gradual increase, indicating a steady rising trend. The compound annual growth rate (CAGR) over the five-year period suggests an average annual growth rate in the consumption, reflecting continued reliance on natural gas for energy needs.
Future trends to watch for include shifts in energy policy, technological advancements in renewable sources, and China's commitments to carbon neutrality, all of which could impact natural gas consumption patterns. Monitoring geopolitical developments and supply chain changes will also be critical as they can influence natural gas availability and pricing.
