https://www.woodmac.com/news/opinion/china-unveils-the-extent-of-its-gas-ambitions/
In fact, in our latest H1 outlook, we now see gas demand by 2040 higher than in our previous view, despite the pandemic. As my colleague Miaoru Huang, head of China gas research, puts it: “The Chinese government clearly sees gas as a destination fuel for its very distinct brand of energy transition”
China’s changing supply mix – LNG does well but Russian pipe supply also well placed
The PipeChina asset deal could also alter the supply mix. PetroChina will face rising competition in eastern coastal markets for its Central Asian supplies as domestic production and rising LNG imports target the region. The company may shift the focus of Central Asian sales to China’s less developed western provinces, closer to the border and benefiting from lower delivered costs. The deal may also encourage PetroChina to delay additional volumes from Central Asia and slow investment in connecting pipelines, potentially stalling the start-up of Line D.
EXR likely to see 100 bags in 2020-2021
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