China National Offshore Oil Corp. (CNOOC) and Kunlun Energy are the best-placed Chinese companies to capitalise on the central government’s gradual easing of gas price controls, HSBC said on Monday.
The two state-owned companies, along with India’s Petronet LNG, have the “best positioned exposure to unregulated natural gas volume growth in our Asia Pacific oil and gas universe”, HSBC said in Asia Natural Gas – simplifying and picking winners, a research report released on Monday.
“Our preferred picks are companies with leverage to freely priced gas volumes and/or...
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