Gas supplies to exceed 360b cubic meters
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.