China’s move to speed up the construction of natural gas storage facilities is expected to boost the storage capacity over the next two-three years, but the country is unlikely to meet its 2020 targets amid incomplete market liberalization reforms and coronavirus pandemic, trading sources said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now City gas suppliers have so far shown little interest in building peak-shaving gas storage capacity, as the government had not provided concrete market liberalization incentives to promote their construction, they added. “Storage construction is a very capital-intensive business. Without a liberalized market and a summer/winter spread to incentivize private investment, no money-driven stockholder will invest in storage,” said a source with a trading house. “Private investment will also […]