
Dr. Kang Wu, Vice Chairman, Asia, and Managing Director FGE China
…For the first time, NOCs actually get more profit from natural gas than oil today…
…For the first time, NOCs actually get more profit from natural gas than oil today…
…there might be some trading hubs in the future, but those will be regional Asian trading hubs that are not truly a fully liquid hub…
…right now there are regulators in the Chinese government that would like to increase competition, would like to see a more rapid growth in shale production but just are not that powerful relative to the ones that hold the power in the SOEs…
…we have entered into a fairly dangerous period of about five years, where we are congratulating ourselves on our great fortune of having all these additional tight resources that are simply not going to be there in ten years time…
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