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Increased real estate development driving China's natural gas production industry

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PR-Inside.com: 2014-04-18 16:15:01
In pursuit of an environment-friendly society, the Chinese government has been promoting natural gas by constructing pipelines and introducing new applications. Other demand drivers for the Natural Gas Production and Distribution industry have been increased real estate development, which caused the number of household gas users to rise, and power factories increasing their consumption of natural gas.

The consecutive days of severe air pollution at the start of 2013 has also stimulated the government to promote gas consumption as a replacement to other more polluting energies on a larger scale in the future.

In 2013, revenue for the Natural Gas Production and Distribution industry is estimated to increase 11.6% to $65.1 billion. In the five years through 2013, revenue has been growing at an annualized rate of 18.2%. In late 2007, domestic natural gas prices were adjusted to better reflect international prices.

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