Sinopec projects China's gas demand peaks 2035-2040

reuters.com [$]

China's natural gas demand is projected to reach its peak between 2035 and 2040, hitting approximately 620 billion cubic meters, according to Sinopec. Sinopec's chairman, Ma Yongsheng, stated that Asia-Pacific is the primary driver of global gas demand growth, with LNG trade expected to reach 440 million tons in 2025, and Asia accounting for 60% of imports. Ma also noted potential market instability, citing supply chain disruptions, infrastructure disparities, and competition from renewable energy as challenges for the LNG market.


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Sinopec projects China's gas demand peaks 2035-2040 | News Minimalist