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In China, gas displaces coal

According to the Chinese press, by 2020, China will be able to provide from 400 to 420 billion cubic meters of natural gas to the needs of domestic consumers to meet growing demand due to accelerated urbanization. Such information was posted today on the official website of the Chinese government.

According to the circular of the State Committee for Development and Reform of the People's Republic of China published on the website, the increase in the supply of natural gas will be directed to the provision of household needs, the need for gas in educational institutions, old people's homes, heating of residential premises, as well as public vehicles and taxis.

In addition, the increase in natural gas supplies is aimed at reducing air pollution caused by excessive dependence on coal consumption, the document says.

The circular encourages participation in the construction and operation of gas storage facilities, as well as in the relevant investment activities of all market entities. At the same time, enterprises will be able to issue bonds to raise capital for the construction of gas storage facilities. The government, in turn, will develop a favorable administrative basis for the construction of such facilities.

According to statistics, in 2013, natural gas consumption in China reached nearly 170 billion cubic meters.

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