In 2024, Beijing Gas Group witnessed a notable expansion in its natural gas sales volume, which reached 23.8 BCM, marking a 2.1% year-on-year increase. The group’s LNG operations emerged as a key driver of this growth.

Its Tianjin Nangang LNG Terminal phases II and III became operational during the year, significantly boosting business growth. In the domestic market, LNG distribution reached 3.3 BCM, up 30% from the previous year. In terms of international trade, the volume surged by 50% to 2.4 BCM. Throughout the year, it completed 27 international trade deals and strengthened its partnerships with global suppliers.

However, Beijing Gas Group’s pipeline natural gas sales volume in Beijing decreased by 4.4% year on year to 17.3 BCM in 2024. This decline was mainly attributed to a warmer winter, which reduced heating demands. Despite an increase in industrial, commercial, and institutional users, along with the addition of 158,000 household users and 3,594 public service users, the gap in natural gas demand was not fully filled.

Beijing Gas Group further solidified energy security in the Beijing-Tianjin-Hebei region in 2024. The Tianjin Nangang LNG Terminal now has a gas storage capacity of 1 BCM, which is sufficient to meet peak-shaving needs. Meanwhile, the company continued to enhance its pipeline network coverage. It now operates a total of 29,100 kilometers of natural gas pipelines, servicing 7.46 million users, with its market penetration rate on the rise.

In 2024, Beijing Gas Group achieved robust growth in its core business while actively expanding its presence both upstream and downstream in the industrial chain. It also focused on enhancing regional energy security. Despite some challenges, the company demonstrated strong market competitiveness and risk resilience, thanks to its extensive experience in the natural gas sector and its well-defined strategic layout.