China’s Gas Growth Casts a Shadow over LNG Demand ...Middle East

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China’s Gas Growth Casts a Shadow over LNG Demand
source : OILPRICE ( Middle East ) () 57
China is boosting domestic natural gas production, and it is doing it fast. A major LNG consumer—and importer—the country has been key in LNG demand forecasts. Now, these forecasts will need to be revised. Less than ten years ago, China was struggling to get its domestic gas production off the ground, especially in shale formations. China’s shale geology is different from the U.S. basins, and energy companies were finding it difficult to get commercial production going. Now, China’s state oil and gas majors are pumping more…

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