China is likely to escape a natural gas shortage this winter as supplies from Central Asia will increase and as the country steps up imports from the spot market, China Energy News reported on Sunday.
Hu Weiping, deputy director of Oil and Gas Deparment of the National Energy Amdinstration (NEA), told the paper that the government had asked China National Offshore Oil Corp (CNOOC) to secure gas from international markets to supply Shanghai, China's financial hub, so as to free up domestic gas for emergency needs.
[Read more]
Source: Reuters
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment