China’s economy slowed unexpectedly in the first quarter of the year, expanding by only 7.7% as slackening factory output and tightening in the property sector dashed hopes for a reacceleration.
But the country’s booming gas market looks to be largely immune to the general malaise, with fuel-switching from oil to gas in China’s transportation sector set to cushion demand against substantial downside risks.
“The slowdown will have an impact on the overall energy situation, but it will not impact on natural gas,” Lin Boqiang, director of the...
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