China’s Natural Gas Demand Set to Triple by 2040

China’s demand for natural gas will more than triple over the next 25 years, according to a new report from the U.S. Energy Information Administration. Natural gas demand in China is projected to hit 17.5 trillion cubic feet (tcf) in 2040, a greater than three-fold increase from the 5.2 tcf of demand in 2012. There is a big question mark over how the country will meet that need, but the EIA says the vast majority of it will come from two sources: domestic production and liquefied natural gas (LNG) imports. China is potentially sitting on…

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via OilPrice.com Daily News Update http://ift.tt/1pP5b3v

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