Global energy consumption has witnessed a sustained growth in recent years. The global climate change has prompted increased investments in clean energy worldwide, aiming to mitigate greenhouse gas emissions and foster sustainable development. In 2023, China’s new energy sector has exhibited a swift expansion, propelled by China’s “dual carbon” and robust governmental support for the industry’s advancement. Traditional energy industries are likely to confront intensified challenges.

Meanwhile, China’s pulp and paper sector is presently experiencing a cyclical low. Bolstered by the gradual resurgence of the macro economy and the launch of financial derivatives, including pulp options and paper futures, China’s pulp and paper sector is poised for an accelerated growth.

Under such circumstance, SCI is delighted to announce that SCI Seminar London 2024 will be taking place this February 28, 2024. With vital insights and fresh perspectives, this seminar endeavors to help industry peers stay at the forefront of critical market developments. Global leading oil, gas and pulp suppliers, trading houses, finance companies, etc. have been invited to discuss industry dynamics and hot topics. Join us on February 28, 2024, and seize this opportunity to dive into China’s oil, gas and pulp industries’ developments.

• Oil: China Oil Supply & Demand Forecast with Stimulus Efforts to Lift Economy
• Gas: China Natural Gas Demand: Ramping 2023-2024 and Promising 2030
• Pulp: China Pulp Demand Prospects Amidst Ongoing Capacity Expansion Cycle

Oil: China’s oil refining industry is undergoing a gradual recovery in the post-pandemic period of 2023, marked by increases in refining capacity and a resurgence in product demand. China’s refineries have reported a rise in crude throughput, exceeding a 10% increase in the year 2023, signaling a robust upswing in its refining activity. Looking ahead to 2024, the industry is poised for substantial expansion with an additional 31 million mt/a of CDUs capacity set to come online in China, and most independent refineries have been awarded full crude oil import quotas for 2024 currently. China’s oil refining sector is projected to confront fiercer competitions in 2024 and beyond, marking a new era of challenges and opportunities in the Chinese oil refining industry.

Gas:China has reclaimed its position as the world’s leading LNG importer after a notable recovery in its natural gas market in 2023, following a period of sluggish performance in 2022. However, despite this resurgence, the market rebound fell short of initial expectations. The boost in LNG imports signals a potential uptrend for China’s energy consumption as it continues to pivot towards cleaner energy. Yet things are uncertain given the progress of China’s coal-to-gas conversion initiatives and whether such measures will encourage a significant uplift in natural gas demand. Will China’s demand for imported LNG continue to rise amid sustained growth in domestic production and increased deliveries from Russian pipeline imports?

Pulp: The global newly-added pulp and paper capacity may exceed 40 million tons/a in 2023 and beyond. China is anticipated to account for more than half of this new capacity increase, with mostly integrated pulp and paper projects. As the global economy is expected to further recover in 2024 bolstered by favorable policy adjustments, the demand for pulp will probably benefit during the process. How will China’s pulp demand and import develop amidst the ongoing capacity expansion cycle? How will the capacity structure change along the pulp and paper industrial chain? What opportunities and challenges are expected in the upcoming 5 years?

Join us on February 28, 2024 and make sense of China oil, gas and pulp market trends.