Stephen O'Sullivan

Managing Director, Energy Research
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Recent China research

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The evolution of China’s gas sector in 2015

Overview

Indications from China’s gas sector so far this year suggest that annual demand over the next 10 years is likely to grow less strongly than previously expected by most observers. Demand growth of 8.9 per cent last year was well below what is needed on a compound basis to reach the government’s 2020 target of 360 bcma. Gas output overall is likely to double over the next 25 years, although shale gas production could fall short. Pricing now looks much more market-based. PetroChina...

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