China's demand for natural gas will exceed its supply by 35 percent in 2011, Yin Jianping, a professor under the China University of Petroleum, said at the China Energy Forum. Yin said the China's demand for natural gas will maintain rapid growth in the coming decade.
A Wall Street Journal article a few weeks back stated that "China's insatiable thirst for fossil fuels to power its surging economy could put pressure on global energy supplies and drive up oil prices to much higher levels over the next 25 years, according to the International Energy Agency." The IEA predicts that China's demand for electricity will triple by 2035 and that their energy demand will rise by 75% between 2008 and 2035.
Kogas already has agreements with Kitimat LNG and Encana to ship natural gas to growing Asian markets. It's possible that Canada will be exporting more gas outside of North America in the near future.
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