China’s Natural Gas Consumption Is Said to Increase by 7.7% This Year

Citing data from the National Energy Administration, China’s natural gas consumption is anticipated to increase this year by 6.5% to 7.7% over the previous year, potentially reaching 425 billion cubic meters. This year’s production increased significantly as well. Due to state enterprises’ new field start-ups that improve domestic output, it climbed by 6% over the…

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Natural gas fell on speculation that the need for heating would decline due to nicer weather

A near-record amount of natural gas was produced for the month, which kept prices under pressure. Yesterday, natural gas prices decreased by -3.63% to 172.8 in anticipation that milder weather would lower the need for heating. The United States Energy Information Administration (EIA) predicted that due to milder weather, the country’s power consumption will decrease…

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