China’s August Natural Gas Output Gains 15 Percent on Demand

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According to Bloomberg :

Sept. 28 (Bloomberg) — China’s natural gas output rose 15 percent last month to 4.8 billion cubic meters on increased demand as the government encourages the use of cleaner-burning fuels to cut pollution.

Production in the first eight months rose 22 percent to 38.4 billion cubic meters, according to a faxed statement today from China Mainland Marketing Research Co, which compiles data for the National Bureau of Statistics.

China, the biggest energy user after the U.S., wants to boost the share of its energy produced from natural gas to 8 percent by 2010 to cut pollution and reduce the country’s reliance on coal and crude oil.

Beijing on Sept. 1 increased retail natural gas prices as much as 10.7 percent for non-household users to reflect the rising cost of energy resources and encourage more efficient fuel use. Beijing’s city government raised retail prices by an average 0.15 yuan (2 U.S. cents) a cubic meter, including tax, the Beijing Municipal Commission of Development and Reform said in Sept. 1.

- This may signify the demand is going to be very high for natural gas and the highest bidder wins!

see also
Korea Needs to Prepare for global LNG Wars
Asia Faces US Buying Power for Spot LNG
Singapore hopes for Russian LNG Supplies
Is Liquefied Natural Gas (LNG) Feasible in Singapore?

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