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Morgan Stanley: Half of China's natural gas demand will depend on imports by 2025

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Morgan Stanley: Half of China's natural gas demand will depend on imports by 2025

2019-11-20 09:01

  Andy Meng and other Morgan Stanley analysts in a February 7 research report said that China's domestic gas production growth rate can not keep up the growth of consumption, which will promote the import dependency rate of 40% this year, by 2024 or 2025, This ratio will rise to more than 50%.

  On Thursday, analysts such as Andy Meng and Morgan Stanley said in a research note of February 7 that the growth rate of China's domestic natural gas production will not keep up with the growth of consumption, which will push import dependency rate to reach 40 %. By 2024 or 2025, this ratio will rise to more than 50%.

  LNG prices in China soared from US $ 16.95 per million British thermal units to US $ 19.97 after the news of a shortage of gas in Central Asian gas pipelines

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