Gas sup­plies to ex­ceed 360b cu­bic me­ters

China Daily (Hong Kong) - - BUSINESS -

China’s nat­u­ral gas sup­plies will ex­ceed 360 bil­lion cu­bic me­ters by 2020, a re­port forecast. Sta­ble sup­plies and rel­a­tively well-de­vel­oped in­fra­struc­ture have buoyed the fast growth of the gas mar­ket, ac­cord­ing to a re­port jointly is­sued by the Na­tional En­ergy Ad­min­is­tra­tion, the De­vel­op­ment Re­search Cen­ter of the State Coun­cil and the Min­istry of Land Re­sources. Cur­rently, con­sumers in all 31 pro­vin­cial-level re­gions have ac­cess to nat­u­ral gas. The re­port said the coun­try is rich in nat­u­ral gas, hold­ing 90 tril­lion cu­bic me­ters of con­ven­tional re­sources. China’s nat­u­ral gas out­put rose from 50 bil­lion cu­bic me­ters in 2005 to 135 bil­lion cu­bic me­ters last year. 0.482 per­cent lower at 99.01 yuan ($14.3). The June 2017 con­tract closed 0.545 per­cent lower at 98.525 yuan. The Septem­ber 2017 con­tract closed 0.772 per­cent lower at 98.3 yuan. The con­tracts are agree­ments to buy or sell trea­sury bonds at a pre­de­ter­mined price and set date. They al­low in­vestors to bet on and profit from the move­ments in the value of the bonds.

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