Can't answer your question - don't know. But below is a cut and paste from a Sino Energy announcement made earlier today.....which should be good for us too.
9 January 2017
CHINA TARGETS ALMOST DOUBLING OF NATURAL GAS CONSUMPTION BY 2020
Sino Gas & Energy Holdings Limited (ASX: SEH, "Sino Gas" or the "Company") welcomes the release of the 13th Five Year Energy Plan ("Energy Plan") by the National Energy Administration ("NEA") and the National Development and Reform Commission ("NDRC") on 5 January 2017.
The Energy Plan outlines strategic focus areas to promote cleaner energy for China. Of particular relevance to Sino Gas is:
o Reiterates the target to increase natural gas' share of the energy mix to 10% by 2020, up from less than 6% in 2015;
o Aims to increase natural gas exploration and development activities in unconventional resources and the Ordos Basin, amongst others, to provide the domestic natural gas supply necessary to meet increased demand;
o Continues to prioritise deregulating the natural gas market to drive efficiencies in the value chain and improve access to infrastructure, and
o Specifically promotes natural gas for use in the power and transportation sectors and as a replacement fuel for coal and oil.
Commenting on the Energy Plan, Sino Gas Managing Director Mr Glenn Corrie said: “The goal of the Energy Plan is emission reductions to improve ecological conditions, protect people's health and promote economic restructuring and sustainable development.
Cheers
doyle
TNP Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
