{"id":5682,"date":"2023-05-28T11:50:20","date_gmt":"2023-05-28T11:50:20","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=5682"},"modified":"2023-05-28T11:51:27","modified_gmt":"2023-05-28T11:51:27","slug":"chinas-yearly-natural-gas-use-logs-first-decline-in-over-three-decades-eia-says","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/5682\/","title":{"rendered":"China’s yearly natural gas use logs first decline in over three decades, EIA says"},"content":{"rendered":"
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Roydad Naft News Agency- 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.<\/p>\n\n\n\n

Natural gas consumption edged 1% lower (0.4 billion cubic feet per day) over the previous year, according to data from S&P Global Commodity Insights, Reuters reported.<\/p>\n\n\n\n

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 in natural gas usage.<\/p>\n\n\n\n

China took over as the world’s top LNG importer in 2021, yet its imports decreased by 20% (2.0 Bcf\/d) in 2022, on lower demand and higher prices, per the EIA.<\/p>\n\n\n\n

Prior to 2022, China’s LNG imports declined only once \u2013  in 2015 \u2013 by a much smaller volume, the EIA said.<\/p>\n\n\n\n

Despite a large increase in domestic natural gas production, China is increasingly reliant on imports to meet its rising gas needs.<\/p>\n\n\n\n

Between 2010 and 2022, China’s natural gas consumption more than tripled on strong economic growth, urbanisation, and environmental policies, the EIA added.<\/p>\n

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