China National Petroleum Corp. plans to increase gas production by 2% year on year in 2017, to 100 billion cubic metres, up from 98 bcm in 2016.
"The subdued target growth for natural gas production may indicate a rising reliance on imports," said China-focused investment research firm NSBO, noting that China’s gas import independence rose to 35% in 2016 from 33% in 2015.
China’s total gas output grew by 1.7% year on year in 2016, to 137 bcm, according to the National Bureau of Statistics....
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