China's ‘Game Changer’ Pipeline Reform to Supercharge Gas Demand – Bloomberg

China’s ‘Game Changer’ Pipeline Reform to Supercharge Gas Demand  Bloomberg

China’s looming pipeline reform is poised to spur competition in its natural gas industry, lowering prices and supercharging demand from the world’s top importer in years to come, according to Credit Suisse Group AG. The government is creating a national pipeline operator from the assets of its three biggest oil and gas companies. The move will break a monopoly that China’s state-owned giants have over downstream users and result in gas prices falling 10% over 2020 and 2021, the bank’s analysts including Horace Tse said in a report. The national operator is likely to be formed by August, Ci…

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