Delays in China’s regas build-out could cause winter gas shortages

Monday, 02 November 2020

China’s domestic gas market tightens as the winter approaches and CNOOC anticipates a 10% rise in demand to 148.7 billion cubic meters (bcm). In northern China, gas demand peaks during the heating season but CNOOC Gas & Power warned supply will be just 147.5 bcm and delays to LNG regas terminal expansions could limit imports.

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