| Abstract: | China's top economic planner, the National Development and Reform Commission (NDRC), has recently urged major natural gas providers to further increase production and seek imports to ease the gas shortage occurring in many large cities around the country. Although previous efforts to boost gas supply has ensured residential demand, it would be difficult to fundamentally ease the shortage in the short term, the NDRC said in an urgent notice released in late November to three major gas providers-the China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC). |
