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Tuesday, May 07, 2013
PetroChina's Gas Control Interrupts Chinese Market
ANBOUND

PetroChina announced that they are going to reduce 26% of natural gas supply nationwide effectively on 2nd May. Anbound research team think that it would not only affect the market but also increases the enterprises' operational cost and burden. Furthermore, Sichuan, Guangdong and Jiangsu’s natural gas consumption will be highly affected. Guangdong is the most affected province due to its high dependency on natural gas to generate electricity. In addition, its power consumption is expected to peak during the summer.

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