18 April 2013 05:31 [Source: ICIS news]
SINGAPORE (ICIS)--China's domestic output of natural gas from both conventional and unconventional sources is expected to surge to 210 billion cubic metres (bcm) in 2017 from 114bcm in 2012, an industry consultant said on Thursday.
Higher demand from power generation, industrial fuel and urban pipe gas markets will drive the demand for the natural resource, said Tommy Sun, a consultant at the petrochemicals and organic chemicals business unit of China National Chemical Information Centre (CNCIC).
"China's natural gas industry is in a rapid development period," Sun said at the day-long 2013 China Petrochemical Industry Conference in Singapore.
The consultant added that the country is trying to reduce its foreign imports by developing untapped gas fields and unconventional sources such as shale gas and coal-bed methane.
"The growth pattern of China's natural gas market has changed from supply driven to demand-driven," Sun added.
Production of domestic conventional natural gas is expected to total 160bcm in 2017, while output of unconventional natural gas is expected to reach 50bcm, he said.
Base figures were not immediately available for growth comparisons.
"Conventional natural gas will still be dominant, but the share will be reduced to 50% in 2017 [from 69% in 2012]," Sun said.
Out of the 50bcm in unconventional natural gas output, some 8bcm will come from shale gas production, he added.
China's liquefied natural gas (LNG) receiving capacity is expected to grow by 48bcm/year from 2012-2017 to make up for the expected shortfall in domestic output, according to Sun.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections