(This story was originally published in the 29 July edition of Upstream newspaper.)
The market turnaround has caught economic planners, gas producers and suppliers shorthanded.
State players, led by China National Petroleum Corporation (CNPC), are lining up mega pipeline gas and liquefied natural gas import projects, only to find questions over demand for more volumes.
However, while industry observers remain pessimistic over China’s demand growth, there are hopes the nation will retain its status as the world’s leading gas demand growth centre as the government is under huge environmental pressure to increase use of cleaner fuels.
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