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China gas distributors on track to meet double-digit growth targets

The country's largest city gas distributors look set to extend strong sales growth for H1 into H2 as the domestic market gears up for its peak demand season The country's largest city gas distributors look set to extend strong sales growth for H1 into H2 as the domestic market gears up for its peak demand season.
By Colin Shek 21 October 2019 Asia Pacific / Supply & Demand 0 34699
China Gas storage tanks. (China Gas)

China’s largest independent city gas distributors remain on track to meet full-year sales volume targets for 2019 despite deepening concerns about the extent of the country’s economic slowdown.

Apparent gas demand in China grew by 10.4% year on year in the first eight months of 2019, to 199.2 billion cubic metres, according to figures from the National Development and Reform Commission (NDRC). This deceleration from growth of 18.2% in the same period of 2018 reflects weaker industrial demand for gas...