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State giants look elsewhere as China's gas boom falters

A PetroChina oil field in Panjin, Liaoning province. SIA Energy says it will take at least five years for state firms to digest the over-contracted volumes.


CHINA'S energy giants - after years spent scrambling to secure supplies for the world's third-biggest gas market - are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.

Consumption has been hit by a cooling economy, but