China to become world's 3rd largest natural gas producer in 2035

David Nealis President of Ceres Ltd.

China to become world's 3^rd largest natural gas producer in 2035

At the 2013 China International Pipeline Conference in Langfang City, Hebei Province China, the International Gas Union (IGU) announced that China will see a sharp increase in natural gas production triggered by the country's huge demand.  By 2035 it will be the world’s third-largest natural gas producer, behind Russia and the United States. In 2012, China's natural gas production volume rose 6.7% year on year to 106.7bn m³. The country now has more than 55,000 km of natural gas pipelines, according to the IGU.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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