New Market Study Published: China Oil & Gas Report Q3 2012
BMI View: While China is increasingly dependent on imported oil and gas owing to rapid growth in energy demand, there is upside risk in terms of its domestic resources, particularly in view of shale gas and oil potential. A more open relationship with foreign partners could also greatly reduce exposure to the import market. In the meantime, oil and gas demand risk could surprise to the downside if market reform continues and economic expansion comes under pressure.
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