Gas supply and demand conditions will be ‘serious’ this winter, China warns
Market leaders should be injecting gas into storage facilities ahead of the peak demand season, state planner says
China’s state planner said on Thursday it expects gas supply and demand conditions to be “serious” this winter, underlining growing concerns that the country’s pipeline and storage capacity will not be able to handle new demand.
Industry giants Sinopec and PetroChina should be injecting gas into their storage facilities ahead of the peak demand season from November until March, the National Development & Reform Commission said in a statement. Their facilities should be running at full capacity.
The government called on Sinopec to speed up the construction of four gas pipeline projects: from Tianjin to Beijing; Qingdao to Nanjing; Inner Mongolia to Hebei, and Xinjiang to several other regions.
This winter, millions of homes across the north of the country will be heated for the first time by gas rather than coal, as part of the government’s efforts to boost clean fuel use.