Sinopec says demand for liquefied gas will slow

November 4 Guo Jiting, Sinopec (600028. Sh/0386.hk/nyse.　　Jody, a researcher at the 2010 Gas Industry symposium, said the growth in demand for liquefied petroleum gas (LPG, or "liquefied gas") would slow and could be reduced in the future as a result of increased substitution of fuels such as natural gases. Jody explained that with the gradual entry of natural gas pipelines into the city, the substitution of civil gases increased rapidly, the civilian demand for liquefied petroleum gas gradually shifted to rural markets.　　However, due to the small share of rural residents, the rural market with liquefied petroleum gas accounted for only 24% of the civilian, resulting in the growth of LPG demand will slow down, the future may also be reduced.　　November 5, Ping An petrochemical industry analyst Du Zhiqiang in a telephone interview, said that Sinopec is the largest liquefied gas producer, China's liquefied gas demand will lead to China's petrochemical refining business deep-processing, strengthen refining, liquefied petroleum gas into ethylene, petrol, diesel and other products. Jody said that the domestic liquefied gas in the total consumption of liquefied gas accounted for the share is also decreasing.　　In 2009, the consumption of LPG accounted for 66% of total consumption, compared with 84% in 2008.　　Jody further explained that China's consumption of liquefied gas per capita is still relatively low in the developed countries, and the consumption of liquefied gas mainly concentrated in the southeast coast, the Bohai Sea and other economically more developed areas, inland southwest, northwest, northeast region consumption is still very low. Jody estimates that China's apparent consumption of liquefied gas in 2010 was about 22 million tonnes, an increase of 4% per cent from 2009, of which about 15 million tonnes of civilian demand.　　Statistics of the National Bureau of Statistics show that 2009 China's apparent consumption of LPG 21.16 million tons, production 17.92 million tons.　　Sinopec is China's largest oil refinery enterprise. (Stock market Weekly feeds)