The Globe and Mail
China has renewed an ambitious commitment to displacing coal with natural gas-fired energy, plotting a course to revive a “golden age” for a petroleum product – even as Canada’s ability to profit from Chinese demand remains unclear.
A joint directive issued by 13 Chinese government agencies last week specifies that natural gas should rise to roughly 10 per cent of total national energy use by 2020, and to 15 per cent by 2030 – and offers specific plans to achieve that.
China had previously discussed broader and less ambitious targets, and the country’s growth in natural gas demand has slowed in recent years. Gas is currently just over 6 per cent of the total energy mix.
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