SHANGHAI, March 13, 2013 -(ASIA TODAY)- As China's natural gas industry has entered the "golden" period of development, Gas Infrastructure China Summit 2013 (GIC2013) will convene on June 26th to 27th in Beijing China.
According to China's Twelfth 5-year plan, demand for natural gas will reach 300 billion cubic meters while LNG production capacity will reach 240 billion cubic meters by 2020. During the twelfth 5 years, China is going to build 44,000 km new natural gas pipeline (including Extension), new trunk pipeline transportation capacity of approximately 150 billion cubic meters per year; 81.1 billion RMB will be invested in the Gas Storage construction; about 22 billion cubic meters of gas storage tank, 9% of the total consumption. Mainline such as C-line and D line of the Central Asia Gas Pipeline, eastern section of Second West-East Gas Pipeline, and Third West-East Gas Pipeline will be built accordingly.
Gas Infrastructure China Summit 2013 (GIC2013) focused on the state of China's ongoing gas transportation and storage projects as well as their equipment and service needs. With over 180 attendees the event included major gas companies, power companies, and energy groups across China who came together to discuss the development of the most advanced technology and to find the best solution providers.
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SOURCE / Oppland China