Domestic natural gas prices have been stable, with the market price of liquefied natural gas in China reaching 3,924.6 yuan per ton as of July 31, down 45.25% from the high at the end of last year, according to the National Bureau of Statistics.
The State New Office previously said at a regular briefing on The State Council policy that in the first half of the year, China's natural gas. Production and imports have maintained steady growth, effectively ensuring the people's livelihood and the needs of industrial and commercial gas. According to dispatching statistics, the apparent consumption of natural gas in the first half of the year was 194.9 billion cubic meters, an increase of 6.7%. Since the beginning of summer, the highest daily gas consumption for power generation has exceeded 250 million cubic meters, which has strongly supported the peak gas power output.
The "China Natural Gas Development Report (2023)" released by the National Energy Administration shows that the development of China's natural gas market is generally stable, from January to June, the national natural gas consumption of 194.1 billion cubic meters, an increase of 5.6%; Natural gas output was 115.5 billion cubic meters, up 5.4% year on year. Domestic, affected by the economic situation and domestic and foreign natural gas price trends, demand will continue to pick up, the initial estimate of 2023 national natural gas consumption of 385 billion cubic meters to 390 billion cubic meters, an increase of 5.5% to 7%, the growth is mainly driven by urban gas and power generation gas.
