Thursday, June 18, 2015

Softer Natural Gas Demand from China Could Reverberate Across Energy Landscape


Softer Natural Gas Demand from China Could Reverberate Across Energy Landscape
By Tim Daiss, Wednesday, June 17, 2015 12:00 PM
KARAMAY, CHINA - AUGUST 15: (CHINA OUT) Farmers work at a garden near the Karamay Oil Field under the Tianshan Mountain on August 15, 2004 in Karamay of Xinjiang Autonomous Region, west China. The nation's largest oil and gas producer, China National Petroleum Corp (CNPC) on August 22, 2005, reached an initial agreement with PetroKazakhstan Inc to buy the Canadian-registered company for US$4.18 billion, topping the bid from an Indian rival. The State-owned parent of Hong Kong-listed PetroChina, has produced 15.63 million tons of crude oil and 1.9 billion cubic metres of natural gas from its overseas fields in the first half of this year, according to a CNPC official. (Photo by China Photos/Getty Images)
China, the world’s largest energy consumer, saw its natural gas output fall 2 percent in May from the same period a year earlier, official data showed last week. Reuters said it’s the second straight month of declines as the market expects Beijing to announce an additional price cut for the fuel in the coming months to… Keep reading →http://breakingenergy.com/2015/06/17/softer-natural-gas-demand-from-china-could-reverberate-across-energy-landscape/?utm_source=hs_email&utm_medium=email&utm_content=18806822&_hsenc=p2ANqtz-9eopgmiqvvYNtyZnGFl2kpxpA3vskOPvipZ6nhektX03ozlEgcGZJiMHaIsaM1uiQ_cHApZ9YnJPETfB6DRSmxlLLdOA&_hsmi=18806822
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