Summary of China’s Move Toward Gas Market Reform

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Think of a big city in China, and what do you imagine? A bustling metropolis, 5,000 years of history and art, a meteoric rise from poverty to wealth in only a few decades, and of course, dirty, smoggy white skies. Big cities in China have a hazy reputation, but that may soon change, thanks to Beijing’s new focus on making natural gas a more common means of creating energy. In this special report from the Boston Consulting Group’s Center for Energy Impact, Alex Dewar explains what the new state-owned National Oil & Gas Pipeline Group might mean to people in China – and to foreign investors. 

About the Author

Alex Dewar is a senior director at the Boston Consulting Group’s Center for Energy Impact in Washington, DC. His areas of expertise include strategy development in oil and gas, energy markets analysis, and climate change mitigation.

 

Summary

China is progressing in its quest to switch from coal to natural gas.

Beijing is taking steps to reach emissions reduction goals and turn its urban centers’ skies from gray to blue. Natural gas is a key part of the strategy. Today, China is one of the top three nations, globally, in terms of natural gas consumption. That demand is expected to increase as China incentivizes a shift away from coal. 

At the end of 2019, Gazprom, a Russian energy corporation, opened the “Power of Siberia...


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