China could import 100 Bcm/year Russian gas by 2020: CNPC

06-Oct-2015

China could import 100 Bcm of Russian gas, including natural gas and LNG, in 2020, or about one third of the country's total consumption, as it sees Russia as a strategic partner that would help it move to cleaner fuel away from coal, Zhen Wang, CNPC's deputy director-general, policy research, told journalists Wednesday.

China has chosen gas as its next top growth fuel, as it is required to lower emissions by 2020 according to an agreement with the US. Gas is to make up 60% of China's energy portfolio by then, Wang said.

While China would prefer to diversify the suppliers, Wang said having Russia as the largest supplier would be safe.

"From the consumer side, we want to diversify gas supplies, it would be much safer. But I don't think [Russia being the largest supplier] is a real problem. China is big enough, and China's gas market is also big enough," he said on the sidelines of Sakhalin Oil and Gas conference in Russia's Far East. (by Yuzhno-Sakhalinsk, Platts)

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