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China's yearly natgas use logs first decline in over three decades - EIA
China's natural gas consumption and LNG imports dropped in 2022 as a result of lower economic growth and higher gas prices, marking the first annual decline in consumption since 1990, the U.S. Energy Information Administration (EIA) said on Thursday. Natural gas consumption edged 1 per cent lower (0.4 billion cubic feet per day) over the previous year, according to data from S&P Global Commodity Insights. Slower economic growth, mostly because of China's zero-COVID regulations and widespread lockdowns, as well as government policies that put supply security before emissions targets were the main causes of the drop ... (full story)
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- Posted: May 26, 2023 3:53pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 51
