The Chinese oil and gas company PetroChina previously presented an optimistic outlook on the gas situation in the country. The company believes that demand in the Middle Kingdom will double in 15 years, but most of the gas consumed in 2035 will be provided by its own production, the Petroleum Economist points out.
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If its own gas production really grows, as predicted by PetroChina, China may both reduce the volume of imported fuel and reconsider its participation in new projects, the expert said. Financial University under the government Igor Yushkov.
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A new project “Power of Siberia – 2” – the main gas pipeline from Russia to China through Mongolia, believes Igor Yushkov. In early September 2020, it became known that Gazprom had begun designing it. The export capacity may reach 50 billion cubic meters. meters of gas per year.
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With regard to LNG, chapter Ministry of Energy Russian Alexander Novak previously predicted that Russia’s share in the world LNG market could reach 25%. But without the Chinese market, reaching this figure will be problematic, experts say.
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In 2019, shale gas production in China amounted to about 15 billion cubic meters. m – three times more in 2015 (4.8 billion cubic meters). But this is about a quarter lower than expected by official forecasts.
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Domestic gas production in China will grow, but it will not be enough to meet the growing demand, stated in the presentation Gazprom, with which Izvestia got acquainted. Production is likely to reach 300 billion cubic meters. m by 2035. Consumption by this time may reach 610 billion cubic meters. m, according to the materials of the company.
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