China’s national offshore oil and gas producer, CNOOC Ltd , said at a seminar hosted by Chongqing Petroleum and Natural Gas Exchange where the official, Meng Yadong, was speaking, that it expects China’s gas consumption to rise by 10% this winter to 148.7 bcm.
CNOOC Gas & Power Corp’s vice general manager, Wang Xiaoqing, expects China’s gas supply to be 147.5 bcm this winter.
Sinopec expects China’s total gas consumption to rise by 9 bcm year-on-year to 310 bcm in 2020, while CNOOC expects apparent gas consumption to reach 320-325 bcm this year.
This outlook is in line with a National Energy Administration report that said China’s 2020 gas demand would grow at the slowest pace in five years as the coronavirus pandemic slowed economic activity.
Top oil and gas producer PetroChina said it expects to supply 98.6 billion cubic meters (bcm) for this winter, up 10 bcm from last winter.
It expects gas sales at 95.6-97.5 bcm this winter, said Li Wei, vice general manager from PetroChina’s natural gas sales department.
Sinopec said its winter gas supply would reach 26.3 bcm.
CNOOC said all supply contracts had been signed and that it planned to supply 22.93 bcm gas this winter.
(Reporting by Muyu Xu, Min Zhang and Shivani Singh; Editing by Tom Hogue and Gerry Doyle)