Marketwatch.com has reported today from a press release issued by the City of Beijing, China that its municipal government of Beijing plans to build underground natural gas reserves by the year 2010 to ensure natural gas supplies will meet the city’s soaring demand, said its city's economic planner in their 2006-2010 plan for urban natural gas development.
Marketwatch.com has reported today from a press release issued by the City of Beijing, China that the city's natural gas demand is expected to reach 7 billion to 8 billion cubic meters a year by 2010, compared with 2.6 billion cubic meters in 2004, according to the natural gas plan posted and released on Wednesday, August 27, 2007 by the Beijing Development and Reform Commission on its Web site. A comparable natural gas figure for last year wasn't provided.
Marketwatch.com has reported today from a press release issued by the City of Beijing’s Beijing Development and Reform Commission that the planned underground reserves will help to meet the city's peak winter demand and avoid the fuel shortages which occurred in 2004, it was reported. The city of Beijing’s winter demand for heating accounts for 60% of their total natural gas demand.
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