IEA: China Gas Consumption to Spike
This projection is much lower than the Chinese government’s plans for gas consumption by 2015 ( as mentioned in a previous post).
IEA: China natural gas demand to double by 2017
KUALA LUMPUR, Malaysia (AP) — The International Energy Agency says it expects global demand for natural gas to grow 2.7 percent a year over the next five years as Chinese consumption doubles.
The Paris-based IEA said Tuesday that China’s demand for natural gas will likely grow 13 percent a year through 2017.
The IEA said U.S. consumption will probably grow 13 percent by 2017 while European demand will increase by 7.9 percent.
The IEA said North America will likely become a net exporter of liquefied natural gas over the next five years.