First – know what will happen in MCX Natural gas for today & tomorrow, look below chart:
We know well, China natural gas production increasing in March to top in last two years and Gov. Data showed that natural gas utilization in China hit almost 170 billion cubic meters last year. United State domestic natural gas prices are falling by a lack of upward income stress.
EIA (Energy information administrator) said, “China passed the United States as the world’s top importer of oil products.” If you don’t believe, look below chart with forecast:
As you can see China rising utilization and the United States’ short output “INSTANT STATIC REPORT” which creates by national development said same thing that from March 2013 natural Gas production arrived at 11.2 billion cubic meter and U.S at 1.6 %.
The world’s biggest energy user wants a natural gas booming to speedy transformation in the U.S and that’s the reason China has revolution envy.