Asia Pacific Production

Strong production in China at the start of the year will support government output targets for 2018.

Beijing is aiming to increase domestic gas production by 7.6% on an annual basis this year, which would bring output up to 160 bcm. However, combined production for January and February rose by 4.9% on an annual basis to 26.2 bcm. Output is expected to rise by around 7% on an annual basis in Q2. China will be reliant on increased import volumes even if the government hits its...