---
title: "CICC: It is expected that the wholesale price of upstream natural gas in China will stabilize in 2025, and the competitive landscape of the industry is expected to further improve"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/223288218.md"
description: "CICC expects that by 2025, the wholesale price of upstream natural gas in China will tend to stabilize, and the competitive landscape of the industry is expected to improve. It is estimated that the growth rate of apparent natural gas consumption in 2025 will be about 6.2%. The demand for industrial fuel gas is suppressed due to gas prices and competition from alternative energy sources, and the growth rate of gas demand for transportation will also decline. The government will continue to promote the large-scale integration of urban pipeline gas, deepen market-oriented reforms, and strengthen industry safety supervision"
datetime: "2024-12-26T00:16:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/223288218.md)
  - [en](https://longbridge.com/en/news/223288218.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/223288218.md)
generator: "portal-rs"
---

# CICC: It is expected that the wholesale price of upstream natural gas in China will stabilize in 2025, and the competitive landscape of the industry is expected to further improve

CICC stated that it expects China's apparent natural gas consumption growth rate to be about 6.2% in 2025. This is mainly based on: industrial fuel gas demand being suppressed by gas prices and competition from alternative energy sources, with demand growth slowing from 24E YoY +5% to 25E YoY +4%; transportation gas demand declining from 24E YoY +32% to 25E YoY +20% due to a high base in 2024; and the scale of storage capacity replenishment remaining relatively stable compared to 2024. It is expected that China's upstream natural gas wholesale prices will stabilize in 2025; at the same time, the trend of deepening downstream market-oriented reforms and tightening industry safety supervision will not change, and the government may continue to promote the large-scale integration of urban pipeline gas to improve the competitive landscape of the industry

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**