Despite Global Glut, China Doubles Down on Natural Gas - News Summed Up

Despite Global Glut, China Doubles Down on Natural Gas


FULING, China—A global natural-gas glut has slowed the U.S. shale boom, but in this Yangtze River town, a Chinese one is just starting. Leading the charge is China Petroleum & Chemical Corp., or Sinopec, which aims to double domestic gas production within... China’s state-owned energy companies, their profits decimated by the commodities bust, are pushing ahead with billions of dollars in new investment to extract gas from shale.


Source: Wall Street Journal July 31, 2016 10:41 UTC



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