Max Petrisek

China Natural Gas Bumping Against All Time Highs

Maybe I'm just talking to myself here? Having said that, I'll still update the NG record on China and CHNG. It is apparant that natural gas (NG) needs to grow and is doing that in China- need for clean fuel. This requires China to move out quidkly from the 2 % usage area for NG. Coal is about 75% of their fuel uage & it's pollution is harmful. There is abudent reserves of NG. Development of their fields, piplines and down stream conversions are taking off from those previous low levels. An interesting realitively new area is the # of motor vehicles ising compressed gas and LNG . NG filling stations are trying to keep up with the motor vehicle expansion. CHNG and SNEN along with the NG suppliers are in the forefront of this broader NG movement.