China’s gas output dipped at the start of the winter, and although it could rise over the coming months, production growth over the winter as a whole could be weak.
Gas output in China fell by 2% year on year in October. This is the third month in 2016 that production has fallen on an annual basis – output also fell in June and July. Moderate growth is likely to be seen over the winter. The government has been trying to encourage production growth to help ensure the supply shortages seen during the peak of last winter are not repeated this year. However, import requirements are likely to rise as production growth looks set to trail increases in demand.
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