A coal-fired power station in China. (China Datang Group)
The dire financial state of China’s coal-fired power plants means the country’s gas demand could be at the higher end of industry forecasts over the coming years.
China added around 35 billion cubic metres of new gas demand as a result of a switch from coal to gas for heating and industrial use in large parts of the country last year, and a similar expansion in the power sector could create significant new demand. The International Energy Agency estimates China’s...
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