According to a report released last week by the Economic Research Institute of CNPC, in 2011 natural gas consumption is expected to be 129 billion cubic meters, 20.6 percent up; natural gas production 101 billion cubic meters, an increase of 6.9%; however, CNPC natural gas market china share is falling again, due to competitions from Sinopec and CNOOC.
Insiders said that the rapid growth of domestic consumption of natural gas will continue for several years, while the competition between CNPC and Sinopec, CNOOC will become more intense.
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