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.

BY BLOOMBERG NEWS

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.

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