China's Natural Gas Output Up 2.9% in December 2017

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Researched by Industrial Info Resources (Sugar Land, Texas)--Driven by steady growth in domestic consumption, China's output of natural gas hit a record 13.61 billion cubic meters in December 2017, an increase of 2.9% from December 2016, according to China's National Bureau of Statistics on January 18, 2018. For full-year 2017, China's total output of natural gas stood at 147.42 billion cubic meters, an increase of 8.5% from 2016.

The average daily output of natural gas reached 440 million cubic meters, which was 20 million cubic meters higher when compared with daily output in November 2017.

However, the output of crude oil declined due to the impact of insufficient sparing resources, planned cutoffs and cold weather. In December 2017, China's output of crude oil reached 15.98 million metric tons, a drop of 4.4% from the same month in 2016, or a daily average output of 516,000 metric tons per day. For full-year 2017, China's total output of crude oil stood at 190 million metric tons, a drop of 4% from 2016.

China's growth in crude-oil processing has slowed due to the impact of scheduled turnarounds. China's crude-oil processing volume in December 2017 grew 3.3% from December 2016, while the average daily processing volume reached 1.584 million metric tons, a drop of 3.8%. The output of gasoline, kerosene and diesel declined 7.8%, 1.3% and 2.9%, respectively. For full-year 2017, China's total processing volume of crude oil reached 570 million metric tons, an increase of 5% from 2016.

China's natural gas imports have continued to grow rapidly. The country imported 7.89 million metric tons in December 2017, an increase of 30% from the same month in 2016; crude-oil imports reached 33.7 million metric tons, a drop of 7.4%. For full-year 2017, China's total natural gas imports reached 68.57 million metric tons, a jump of 26.9% from 2016, and the total imports of crude oil reached 420 million metric tons, an increase of 10.1%.

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