As Beijing looks ahead to winter, there is pressure on domestic gas suppliers to help meet market needs.
China’s gas supply/demand gap has been growing, and the potential for regional supply shortages is looming for key markets. Lower prices have hit domestic output and national producers are seeking to lift prices to help them compensate production costs. Gas output rose by just 1% in September year on year. Over the first nine months of 2016, gas production reached 98 bcm, up by just 2% from the same period last year. Although further increases are expected in Q4, and a revision to prices could help boost output, the pace of domestic supply growth will still lag behind that of demand growth.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.Sign in
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up