The International Energy Agency's report shows that China ’s natural gas demand this year exceeded the impact on European natural gas supply, which may have stopped more than Russia's supply.
Bloomberg reported that the International Energy Agency (IEA) said in the quarterly report that although Chinese demand is a "big unknown", if the cost has decreased further and the economy expands rapidly.The import volume of LNG (LNG) may increase by 35%.
The report wrote that this will exacerbate the global competition in this kind of fuel and may promote the price to rise to the "unsustainable" level of last summer.
China's faster economic growth this year should increase fuel demand, but the biggest problem is whether this will promote the peak of natural gas procurement to reach the peak of previous years.
IEA also said that the highest and lowest estimate of China's net import volume this year is 40 billion cubic meters.The maximum estimation is much higher than the first peak of 2021.The difference between the difference is about 8%of Europe's consumption this year."This range is larger than all of the remaining natural gas flowing from Russia into the European pipeline."
IEA said that at present, China's total natural gas consumption will increase by nearly 7%in 2023.Europe's usage has reached the greatest decline in 2022, and this year may decline slightly.
