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China gas demand to reach 360 bcm in 2020: China National Offshore Oil Corp

China has put itself under pressure by signing too many long-term supply contracts at relatively high prices, he added.

Last Updated : Apr 03, 2019 08:04 AM IST | Source: Reuters

China’s gas demand will reach 360 billion cubic metres (bcm) in 2020 and rise to 480 bcm by 2025, Li Hui, vice head of China National Offshore Oil Corp (CNOOC) told a conference here on Wednesday.

China has put itself under pressure by signing too many long-term supply contracts at relatively high prices, he added.

Source

Prakash Poojary
Business Analyst

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