Chinese gas outlook in doubt on weak Jiangsu demand
It’s not only the pandemic. Its fundamental factors. Coal is still cheaper than gas and coal can be stored as a heap while gas is hard to store. People trust coal more. Also, the economic figures China communicates are vastly overblown. They have been for a long while but not the world starts to smell the roast and it does not like it. For the moment this are being ignored and concealed but the rot is so bad, it has become impossible and that starts to show in consumption figures. Analysts will still throw all kinds of alternative explanations on it as China is a big market not to be messed with. But papering over it just goes so far. China has overreached on all fronts and pays the price now.
