AsianFin--China's natural-gas consumption is expected to rise by 6.5 to 7.7 percent year on year in 2024, a report issued by National Energy Administration showed Tuesday.
Total natural-gas consumption in the country will reach up to 425 billion cubic meters this year, according to the report.
In 2024, China's total natural-gas output is estimated at 246 billion cubic meters, an increase of 10 billion cubic meters.
The report predicted that the global supply of natural gas will remain relatively sufficient in the second half of the year, while also cautioning against market uncertainties such as geopolitical conflicts and extreme weather conditions.