Power generation has been touted for years as a potential major driver of China’s gas demand growth, but gas-fired power has mostly underwhelmed because of the high cost of feedstock and the preference of grid operators to procure power from cheaper sources.
These difficult circumstances are unlikely to ease any time soon, and the outlook for gas-fired power in China could potentially worsen as the fuel comes under increasing pressure from competitors. A senior executive at China’s largest gas supplier warned on Wednesday that so-called ”clean...
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!