中国如何寻求天然气供应平衡-How China seeks gas supply balance

Asia Oil & Gas Equities How China seeks gas supply balance Asia Risk of oversupply looms: Gas demand in China may grow at a slower pace than GDP due to a shift towards electrification, while the transition from coal-to-gas is peaking, in our view. We now project gas demand could peak by 2035 at 563 bcm/y, which is up to 5 years earlier than expected by the state-owned oil/gas majors (c620 bcm/y). In this environment, LNG imports would still need to expand until mid-2030s, limited by domestic production with ...