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China’s natural gas consumption and LNG imports declined in 2022, amid zero-COVID policies

From eia.gov

In 2022, annual natural gas consumption in China declined by 1%, or 0.4 billion cubic feet per day (Bcf/d), from 2021, according to data from S&P Global Commodity Insights—the first decline in annual consumption since 1990, according to our International Energy Statistics. Slower economic growth, mainly resulting from widespread lockdowns associated with China’s zero-COVID policies, prompted the drop in natural gas consumption. Government policies also reprioritized energy supply security, including growth in coal production, over emissions targets. China’s natural gas consumption more than tripled from 10.4 ... (full story)

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  • Category: Fundamental Analysis