Natural gas consumption in China will grow at a healthy average annual rate of 9.0% over 2017-2021, as governmental pro-gas policies drive stronger uptake among industrial, rural and transportation sector users. Further downward price revisions pose upside risk to our forecasts, as it will make gas more price-competitive versus alternative fuels, notably coal, and drive stronger fuel-switching...
Himalaya Energy's acquisition of Chevron's onshore oil and gas assets in Bangladesh allows the firm to establish a foothold in the large and fast-growing Bangladeshi consumer market, while strengthening China's geopolitical influence in the region, as per the goals of its Belt & Road initiative.
Emerging markets continue to be the driving force behind long-term LNG purchases securing more than 53% of contract volume concluded in 2016. Portfolio buyers and sellers are maximising their LNG positions in order to optimise LNG deliveries in the face of growing global supply.
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