Operating Data of Gas in China Came Out
Posted: 07/22/2014 02:07:50 Edited: 07/22/2014 03:07:50 Clicks: 2363
Operating data of gas in the fist half of 2014 came out when China popularizing ladder price of gas in succession.
On June 21, the website of NDRC (National Development and Reform Commission) published operating statistics of gas in the first half of year. The statics showed that apparent consumption of gas was 88.7 billion cubic meters in the first half year. Imported gas was about 28.3 billion cubic meters which meant that degree of dependence on foreign trade of gas in China had reached to 31.9% and increased slightly compared with 30% the whole of last year.
In the first half year of 2014, output of gas was 63.2 billion cubic meters, increased by 7.5% on year-on-year basis. Imported gas was about 28.3 billion cubic meters, increased by 14.4%. Among of the gas, pipeline gas was increased by 15.2% and LNG was increased by 13.9%.
Apparent consumption of gas was 88.7 billion cubic meters, increased by 8.9%. The first quarter was increased by 8.4% and the second quarter was increased by 9.4%. Apparent consumption in June was 13.1 billion cubic meters.
Under the background of controlling air pollution, the application of gas is praised highly. However, increasing consumption of gas is still lower than expectation because of new pricing mechanism and anticipation of gas pricing rising continuously in this year.
An expert analyzes that apparent consumption of gas is estimated to be lower than 182 billion cubic meters which is decreased by four billion cubic meters of estimation in the early of this year, according the trend in the first half of 2014. Apparent consumption in June is the lowest, being seen for the first time. In this year, amplification of demands for gas may be lower than double digits for the first time.
The price of incremental gas being increased in further suppresses consumption. In general, industry is the major consumer. But, general manufacturing industry is sensitive to gas price and the overall economy goes down. For that, industry reduces gas consumption.
Besides demands, the price of gas is increasing constantly. Pricing mechanism of gas generalized in China last year takes market into account. The price of gas formed by net back value in market compensates for losses caused by price inversion of imported gas.
However, price of gas was adjusted step by step instead of one step last year. Recently, the price of incremental gas is adjusted again. High price has great influence on gas consumption in industry.
Gas consumption in residents has low percentage. Controlling air pollution needs to popularize application of gas vigorously. While both descending of economy and sensitivity of industry to gas price affect consumption which goes against the advancement of gas price reform. Industry uses electricity instead of gas. But electricity is generated by coal, causing air pollution in further.
NDRC still focuses on ensuring supplying. It comes up with enhancing intensity of comprehensive coordination, ensuring steady gas supply. The next priority is preparing for the high demands for gas in winter.
On June 21, the website of NDRC (National Development and Reform Commission) published operating statistics of gas in the first half of year. The statics showed that apparent consumption of gas was 88.7 billion cubic meters in the first half year. Imported gas was about 28.3 billion cubic meters which meant that degree of dependence on foreign trade of gas in China had reached to 31.9% and increased slightly compared with 30% the whole of last year.
In the first half year of 2014, output of gas was 63.2 billion cubic meters, increased by 7.5% on year-on-year basis. Imported gas was about 28.3 billion cubic meters, increased by 14.4%. Among of the gas, pipeline gas was increased by 15.2% and LNG was increased by 13.9%.
Apparent consumption of gas was 88.7 billion cubic meters, increased by 8.9%. The first quarter was increased by 8.4% and the second quarter was increased by 9.4%. Apparent consumption in June was 13.1 billion cubic meters.
Under the background of controlling air pollution, the application of gas is praised highly. However, increasing consumption of gas is still lower than expectation because of new pricing mechanism and anticipation of gas pricing rising continuously in this year.
An expert analyzes that apparent consumption of gas is estimated to be lower than 182 billion cubic meters which is decreased by four billion cubic meters of estimation in the early of this year, according the trend in the first half of 2014. Apparent consumption in June is the lowest, being seen for the first time. In this year, amplification of demands for gas may be lower than double digits for the first time.
The price of incremental gas being increased in further suppresses consumption. In general, industry is the major consumer. But, general manufacturing industry is sensitive to gas price and the overall economy goes down. For that, industry reduces gas consumption.
Besides demands, the price of gas is increasing constantly. Pricing mechanism of gas generalized in China last year takes market into account. The price of gas formed by net back value in market compensates for losses caused by price inversion of imported gas.
However, price of gas was adjusted step by step instead of one step last year. Recently, the price of incremental gas is adjusted again. High price has great influence on gas consumption in industry.
Gas consumption in residents has low percentage. Controlling air pollution needs to popularize application of gas vigorously. While both descending of economy and sensitivity of industry to gas price affect consumption which goes against the advancement of gas price reform. Industry uses electricity instead of gas. But electricity is generated by coal, causing air pollution in further.
NDRC still focuses on ensuring supplying. It comes up with enhancing intensity of comprehensive coordination, ensuring steady gas supply. The next priority is preparing for the high demands for gas in winter.
