EnergyWatch

China gas sellers sidestep state giants to ride demand surge

China, which is forecast to more than double LNG purchases by 2022, has more than a dozen import terminals owned by its three state energy giants, but given the current global gas glut new buyers can pick up cheaper shipments on the spot market.

China's independent energy firms are seeking to circumvent its state-backed giants as they cash in on swelling natural gas use, buoyed by President Xi Jinping's drive for cleaner fuels and nimbler companies.

New import facilities developed by firms including Guanghui Energy Co. and  ENN Group offer direct access to cheap liquefied natural gas and cut their reliance on supply and infrastructure controlled by the the country's national oil companies. That may help new players tap China's booming gas demand, up 15 percent in the first half of the year.

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