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China gas: Reform continues but ambitions are curbed

Overview

The reform of China’s gas sector is one of the more important for the country, given both the sector’s size and its significance for the economy. Reform has been under discussion for some time and a conclusion may soon be reached. However, that conclusion looks set to be less far-reaching than hoped for by investors and players other than the NOCs. Meanwhile, the sector environment remains positive. Demand is rising at a decent rate; domestic prices are likely to be cut again in...

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