{"id":9019,"date":"2023-12-07T15:01:11","date_gmt":"2023-12-07T15:01:11","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9019"},"modified":"2023-12-07T15:01:11","modified_gmt":"2023-12-07T15:01:11","slug":"china-oil-demand-seen-peaking-by-2030-cnpc-research","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9019\/","title":{"rendered":"China oil demand seen peaking by 2030 -CNPC research"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0China&#8217;s oil demand is expected to peak by 2030 at between 780 and 800 million metric tons per year, a research institute affiliated with China National Petroleum Corp (CNPC) said on Thursday.<\/p>\n<p data-testid=\"paragraph-1\" data-reader-unique-id=\"2\">The research group, called the CNPC Economics and Technology Research Institute (ETRI), had previously said in 2021 that China&#8217;s oil demand would peak at 780 million tons by 2030.<\/p>\n<p data-testid=\"paragraph-2\" data-reader-unique-id=\"3\">ETRI raised the upper range of its forecast by 20 million tons, with China&#8217;s peak demand expected at 15.6 million to 16 million barrels per day (bpd), according to Reuters\u2019 calculations.<\/p>\n<p data-testid=\"paragraph-3\" data-reader-unique-id=\"74\">The petrochemical sector will account for 30% of the country&#8217;s oil demand by 2030, said ETRI vice president Wu Mouyan at an industry seminar.<\/p>\n<p data-testid=\"paragraph-4\" data-reader-unique-id=\"75\">The country&#8217;s oil demand is expected to fall to 220 million tons per year by 2060, roughly a quarter of the peak level, due to falling demand for transport fuels, Wu added.<\/p>\n<p data-testid=\"paragraph-5\" data-reader-unique-id=\"76\">Natural gas demand will peak at 605.9 billon cubic metres in 2040, the research group added.<\/p>\n<p data-testid=\"paragraph-6\" data-reader-unique-id=\"84\">(ton=7.3 barrels for crude oil conversion)<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-12-07T15:01:11+00:00\"> 7 December 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"China&#8217;s oil demand is expected to peak by 2030 at between 780 and 800 million metric tons per year, a research institute affiliated with China National Petroleum Corp (CNPC) said on Thursday.","protected":false},"author":1,"featured_media":9020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,46,36,19,16,35],"tags":[],"services":[],"class_list":["post-9019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-international","category-lastnews","category-news","category-oil","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/9019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=9019"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/9019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/9020"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=9019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=9019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=9019"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=9019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}