BMI View: While China is increasingly dependent on energy imports - particularly gas - owing to rapidgrowth in energy demand, there is considerable upside potential from its unconventional gas resources. Amore open environment to foreign investment is needed in order to meet the ambitious production targetsset by the state, especially if its vast unconventional gas resources are to be maximised. In the meantime, oiland gas demand could surprise to the downside if economic expansion comes under pressure.The main trends and developments we highlight for China''s oil and gas sector are:? Much of the country''s upside production potential will come from increased producti...
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