Executives at China’s state gas producers have outlined how they will be better prepared for peak winter gas demand in the future after having been caught out last month by unexpected severe shortages from Beijing’s aggressive gasification campaign.
China National Offshore Oil Corp. (CNOOC), the country’s biggest LNG importer, will not only expand the storage capacity at existing LNG terminals in Tianjin and Ningbo but also start up new terminals in the provinces of Fujian and Jiangsu, Jin Shuping, financial director of CNOOC Gas & Power...
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