Current state and prospects of the Chinese gas market

Abstract

The purpose of the study. Analyze the state of the Chinese gas market, the relationship between the problem of imported gas supplies and economic factors for the chain of the Chinese gas industry.Methodology. The research is based on the methods of an economic and mathematical model for the efficiency of natural gas transportation, a weighted average multi-index indicator, analysis of statistical data, study of scientific and journalistic literature. The value of research. The authors of the article identified topical issues of ensuring energy security, considering the trends of the global and Chinese gas market and the opportunity for further international cooperation. The recommendations proposed by the authors are of real importance for understanding the Chinese gas market.The results of the study. The authors of the article analyzed data on the demand and consumption of natural gas in China, as well as on the indices of the supplier countries in recent years. It is concluded that the Chinese gas market has great potential for the development of energy cooperation, and China also concluded that it is highly dependent on imports in the structure of gas consumption. Pipeline gas is an important source of natural gas imports to China and one of the main guarantees of energy security. Based on the results of the analysis, the prospects of cooperation between China and such supplier countries as Kazakhstan, Turkmenistan and Russia in the gas industry are substantiated.