ESAI Energy has released a new study, Balancing Act: China’s Oil Demand and Energy Mix to 2030 that takes an in-depth look at China’s oil demand trends to 2030, projecting energy mix and demand for 13 oil and alternative fuel products. The study shows in detail that the pace of oil demand from 2015-30 will slow by almost 60% vs. the 2000-15 period.
The study examines China’s efforts to balance the delicate relationship between coal, natural gas and oil and handle the dramatic changes in its oil products market. Beyond demand, the study looks at refining developments and estimates China’s net trade position for each petroleum product. China will become an even larger supplier of gasoline to the world and will eventually export fuel oil while continuing to absorb significant quantities of LPG.
“Understanding China puts any player at an advantage in an increasingly competitive energy market,” said ESAI Energy’s Megan Wu, “especially in the current low oil price environment where almost every supplier is looking at China for market share.”