Global gas trade development and implications for China under the great change

Author of the article:ZHANG Pengcheng1, WANG Wannan1, LI Zhenhua1, PANG Zhenghang2, ZHANG Jingqian2, LIN Mingzhen2

Author's Workplace：1.College of Economics Management and Chinese Law, Shandong Institute of Petroleum and Chemical Technology, Dongying, Shandong, 257061, China; 2.College of Petroleum Engineering, Shandong Institute of Petroleum and Chemical Technology, Dongying, Shandong, 257061, China

Key Words： Natural gas; Trade; Situation; Implications

Abstract：With the proposal of China's carbon peak and carbon neutrality goal, it is imperative to accelerate the development of natural gas resources, which is both an important opportunity and a huge challenge for the development of natural gas industry. The global natural gas trade is analyzed in terms of its resource reserves, production structure, consumption structure, import and export structure and natural gas trade characteristics, respectively. The analysis concludes that natural gas, as a clean and green energy, has further advantages under the background of global energy transformation, economic situation change and low-carbon energy development, and has a huge market demand and huge industry development potential in China. The research results can provide policy recommendations and theoretical basis for the sustainable development of China's natural gas industry and ensure the security of energy development in China.