China natural gas supply and demand to up 3.18% and 1.54% YoY in 2026 heating season

China natural gas consumption in the 2026-2027 heating season might be approximately 250.04 bcm, up 1.54% YoY. Total supply is projected at 280.23 bcm, up 3.18% YoY, implying a supply-demand surplus of about 30.20 bcm. Domestic production is set to grow at 3%, while storage offtake rises 3.70%. The China-Russia eastern route will expand capacity to 44 bcm/yr.

According to OilChem, the total natural gas consumption for the 2026-2027 heating season might be approximately 250.04 bcm in China, up 1.54% year-on-year. Total supply is projected at 280.23 bcm, up 3.18% year-on-year, implying a supply-demand surplus of about 30.20 bcm. Domestic production, storage, imported pipeline gas (PNG), and