CNPC offers more sober China gas growth assessment

China’s top gas producer expects the country to just about sustain double-digit growth this year, in contrast to more-optimistic recent predictions China’s top gas producer expects the country to just about sustain double-digit growth this year, in contrast to more-optimistic recent predictions.
By Colin Shek 17 January 2018 0 29136
A gas storage facility near Beijing. A gas storage facility near Beijing. (Beijing Gas Group)

China’s biggest oil and gas company expects domestic gas demand growth to slow sharply this year, diverging from other forecasts that predict a more gentle easing.

Gas consumption will remain strong in 2018, rising by 10.0% year on year, to 258.7 billion cubic metres, China National Petroleum Corp.’s (CNPC’s) Economics and Technology Research Institute said in an annual outlook released on Tuesday. However, this growth would be slower than last year, when consumption surged by an estimated 17.0%, to 235.2 bcm, with a record-high incremental...

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