China risks a slowdown in the growth of its natural gas consumption unless it significantly increases prices for the fuel to spur greater domestic production and imports – a move that would provide an incentive for PetroChina, the country’s dominant gas company, to increase supply.
China’s ‘gas chain’ is growing unstable, with earnings and returns at gas distributors outperforming those of producers such as PetroChina, Neil Beveridge, with Bernstein Research in Hong Kong, said in a report sent to Interfax on Tuesday.
“It may be the ‘golden age’ of...
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