Is China Facing A Gas Shortage?

The major Chinese oil and gas companies are boosting natural gas supply across the country ahead of the winter heating season, as demand in China continues to grow, although at a slower pace than in previous years. According to China’s news agency Xinhua, Sinopec and CNOOC will be increasing this winter’s gas supply compared to the volumes they provided in the previous heating season, while China National Petroleum Corporation (CNPC) will boost natural gas production from major gas fields in the country.   Sinopec is set to boost…