China’s Natural Gas Output 8.5 Bn Cu. M in April, Down 13% MoM

Source: NDRC, ChinaScope Financial (Data)

+       In April, China’s natural gas output was 8.5 billion cubic meters, up 9.5% year-on-year, but down 13% month-on-month. Meanwhile, apparent consumption of natural gas was 10.9 billion cubic meters in April, up 13.1% year-on-year, but down 16.5% month-on-month.

+       China’s rapid growth of natural gas imports has slowed down since the beginning of 2011. In April, 3.3 billion cubic meters of natural gas was imported, up 30.6% year-on-year.

Domestic output volume of natural gas maintains a slow growth rate. Since the beginning of 2011 import volume growth has dropped significantly.

The growth of apparent consumption volume has declined in 2012.

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