Zhong Guo Neng Yuan Wang·2025-05-29 07:54Core Viewpoint - Natural gas is increasingly recognized as a long-term energy source rather than merely a transitional one, with its flexible integration with renewable energy sources like wind and solar being emphasized at the 29th World Gas Conference (WGC2025) [1][2]. Industry Insights - The current share of natural gas in China's primary energy consumption is only 8.5%, significantly lower than the global average of 24%, indicating substantial future growth potential [3]. - China's apparent natural gas consumption is projected to reach 426 billion cubic meters in 2024, with an annual growth rate of 8% [3]. - By 2030, China's total natural gas consumption is expected to reach between 550 billion and 600 billion cubic meters, driven by the need for cleaner energy and the growth of LNG demand in the transportation sector [3][6]. Company Developments - New Energy's gas sales are expected to approach 40 billion cubic meters in 2024, with industrial and commercial gas usage growing by over 5% year-on-year [4]. - New Energy has launched a natural gas capability recognition model through its platform, "Good Gas Network," to optimize supply and demand matching, significantly reducing costs for customers and increasing profits for city gas companies [7][8]. Technological Innovations - The integration of AI, blockchain, big data, and other advanced technologies is transforming the energy system, moving from experience-based management to data-driven intelligence [7][9]. - New Energy has deployed over 130,000 IoT sensing devices and 20,000 visualization devices across various scenarios, establishing a comprehensive smart safety management system [10]. Future Outlook - The company anticipates a growth trajectory for natural gas over the next 10 to 15 years, with an expected annual growth rate of around 5% [6]. - The development of comprehensive energy services driven by AI is seen as essential for creating value for customers and enhancing operational efficiency [11].