China gas consumption is not going to decline. It has in fact gone from zero to 14 trillion cubic feet per year and will keep rising because they have 2X the population size of the U.S.A and Europe combined.
This coincided with the U.S. shale boom which also recorded a rise of 14 trillion cubic feet per year. Guess what, that shale boom is over now.
Shale gas decline rates are accelerating.
This has resulted in a spike in natural gas price.
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