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China to bolster energy reserve capacity, support unconventional gas exploration

From reuters.com

China said on Friday it will bolster the capacity of the country’s energy reserves and offer lower gas and electricity charges to key industries, as it looks to ensure energy supply and offset the impact of the coronavirus pandemic. In energy announcements on the first day of the parliament, known as the National People’s Congress (NPC), authorities also pledged to boost the country’s oil and gas network and continue to support exploration for unconventional gas reserves. The National Development and Reform Commission (NDRC) said in a statement it would push forward construction of crude oil reserves. The coronavirus ... (full story)

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  • Category: Fundamental Analysis