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China’s gas demand rebounds to calm slowdown fears

China’s gas demand got back on track last month with the strongest annual growth seen in months, easing fears over a sharp decline in growth amid the US-China trade spat and higher domestic prices China’s gas demand got back on track last month with the strongest annual growth seen in months, easing fears over a sharp decline in growth amid the US-China trade spat and higher domestic prices.
By Colin Shek 10 hours ago Asia Pacific / Supply & Demand 0 34531
Gas storage tanks in China. (China Gas Holdings)

China’s gas demand rebounded strongly in July, according to data released on Thursday by the National Development and Reform Commission (NDRC). This should ease concerns that the Chinese gas market is slowing more sharply than expected, after some of the country’s leading city gas operators were unable to grow sales as quickly as anticipated in H1 2019. The growth also comes amid the United States-China trade war and higher domestic prices, which have taken a toll on demand in recent months. 

China’s apparent gas consumption increased...