In 2015, it will reach 230 billion cubic meters, and gas prices will continue to rise, but the growth rate will slow down. China's natural gas consumption is growing rapidly. It is estimated that natural gas consumption will reach 130 billion square meters in 2011, and it will reach 230 billion square meters in 2015. Gas prices will continue to rise, but the growth rate will slow down. According to the 2010 domestic and international oil and gas industry development report released by PetroChina, city gas has become the fastest growing natural gas consumption sector, with a proportion of 43%. It is expected that natural gas consumption in power generation and industrial fuel will appear in 2011-2015. Larger scale growth. PetroChina is China's largest producer of natural gas and oil. According to the report, the apparent consumption of natural gas in China from January to November 2010 reached 96.9 billion cubic meters, which is expected to reach 106 billion square meters, an increase of 19.5%. China's three major oil and gas companies have maintained double-digit growth in natural gas production in 2010. The total domestic production in January-November was 86.2 billion yuan. It is expected to reach 95 billion yuan in the whole year, up 11.5% year-on-year. In 2010, China's natural gas imports reached 17 billion square meters, accounting for 16% of total annual consumption, including 9.1 million tons of LNG. PetroChina expects natural gas imports to exceed 30 billion in 2011, including 15 billion square meters of pipeline gas and 12 million tons of LNG. The main constraint affecting natural gas imports will still be price. PetroChina also expects natural gas prices to continue to rise in the next two years, but the growth rate will slow down. It is expected that US gas prices will remain at US$5/MMBtu, Europe will be US$8/MMBtu, and Asian LNG prices will remain at US$11-12. /MMBtu.
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