Yes, It's Gonna Take A Lot More Natural Gas -- China -- May 8, 2021

Do you remember this essay from April 30, 2021: Yeah -- It's Gonna Take A Lot More Natural Gas. 

Well, here we go: China's natural gas imports surge as its economy recovers. Link to Irina Slav.  

Natural gas imports into China rose 22.4 percent on the year in the first four months of this year to 39.45 million metric tons.

April natural gas imports alone were 31 percent higher on the year and 16.2 percent higher on March (2021).

According to PetroChina, the country’s demand for natural gas will hit 350-356 billion cubic meters this year.

Sinopec has almost identical numbers, expecting gas demand at 350-360 billion cubic meters. According to the major, the demand would come from power utilities and the industrial sector.

In 2020, China consumed 326.2 billion cubic meters of natural gas, of which 192.5 billion cubic meters came from domestic production. This was almost 10 percent higher than the domestic production figure for 2019. Imports also rose in 2020, by 5.3 percent to 140.3 billion cubic meters.