PetroChina sees China's fuel demand rising 3% in 2023 vs 2019 - exec

PetroChina sees China's fuel demand rising 3% in 2023 vs 2019 - exec
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  • Singapore

China's refined fuel consumption this year is likely to grow 3% from pre-COVID levels in 2019, and that of natural gas by about 5.5% from 2022, state energy giant PetroChina said on Thursday.

New energy, such as wind, solar and thermal power, is expected to account for 7% of the group's total output portfolio by 2025, the company told an earnings briefing.

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