PREMIUM FEATURES

China flexes muscle in buyers' market

BURIED in junior Sino Gas & Energy's latest quarterly was a note that it had to accept a price reduction on its gas, a sign that China's push to get domestic gas into the market will not be done at any cost, and also points to buyers increasingly flexing their muscles as spot prices continue to stay low.

China flexes muscle in buyers' market

Sino, operating in the Ordos Basin onshore China, recently agreed to a $US1/thousand cubic feet price reduction (from $7/mcf to $6/mcf) amid weak seasonal demand for the third quarter of 2016. "As a...

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