Factors including a lack of funding, consumer resistance and unwillingness by utilities to deploy smart meter technologies in the past years have restrained the growth of the market. Since 2020, the impact of the pandemic on supply chains and 2021 installation procedures have further negatively affected the market.
Into this burgeoning market, Panasonic steps with a suite of new products and services, building on the company’s experiences in other geographies, particularly in Japan. Billed as a ‘one-stop solution from devices to data analysis’, these include the meters and metering infrastructure, a connectivity service and a Narrow Band IoT (NB-IoT) AMR cloud service.
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG) supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several sources said.
China's natural gas industry has entered a rapid development stage, and its supply, sales, storage and transport systems are continuously undergoing profound structural change. It is a major issue concerning national energy security to objectively grasp the current development situation and trend of natural gas industry and make scientific predictions. In this regard, through the analysis of global natural gas resources status, trade pattern and development trend, we reviewed the development process, current situation, trend and problems in natural gas industry in China, then made prospect analysis and judgment in terms of demand and supply, etc., and finally put forward some reasonable and sustainable strategic countermeasures and proposals.