China Review News (CRN) reported that recent research showed that China is the fourth largest country in the world in the consumption of natural gas. In 2011, China consumed 130 billion cubic meters of natural gas. That was four times the volume of the level in the year 2000. According to the research, China’s consumption may double in the period from 2011 to 2015. Next to the United States, China is the second largest natural gas consumer among all member countries of the Organization for Economic Co-operation and Development (OECD). Based on China National Petroleum Corporation’s (CNPC) estimate, China will need 350 billion cubic meters by the year 2020. China is becoming one of the largest natural gas importers in the world; a quarter of its demand relies on imports. The research report expressed the belief that the increased demand for imported natural gas is only accelerating.
Source: China Review News, October 19, 2012