Royal Dutch Shell Group .com Rotating Header Image

Bad News for Gas Sellers as Slowdown In China Set to Worsen

Extracts

(Bloomberg) — A slowdown in gas demand growth in China, the driver of global use over the past two years, is expected to slacken further, adding to investor concern as supply continues to build.

Consumption in 2021-2025 will grow at a slower pace than it has in the current five-year period, a researcher at China’s economic planning department said at the BloombergNEF summit in Shanghai on Wednesday. Furthermore, a weaker economy and rising imports via pipeline could shrink the share of liquefied natural gas in the overall Chinese market, according to gas utility ENN Energy Holdings Ltd.

Despite prospects of a slowdown, the current gas consumption levels still represent “extraordinary growth,” said Bernard Samuels, vice president of China gas development at Royal Dutch Shell Plc. The government’s plans for a national pipeline company could help lower prices for domestic customers and boost demand, he said.

–With assistance from Jason Rogers.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at [email protected]; Dan Murtaugh in Singapore at [email protected]

To contact the editors responsible for this story: Ramsey Al-Rikabi at [email protected], Jasmine Ng

FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Comments are closed.

%d bloggers like this: