China has been the global growth engine of the last decade, devouring all available fossil fuels to keep its wheels churning. IOCs have consequently been hard hit by the country’s economic slowdown over the last two years.
The International Energy Agency (IEA) recently warned that China’s unconventional gas production growth could add further distress to global gas markets; indeed, the country has one of the largest unconventional resource bases in the world and would arguably have little need for imports should its domestic production take off.
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