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China’s downstream gas market competition heats up with arrival of Western participants The competition in China’s downstream gas sector is expected to heat up with the entry of more foreign participants vying for a greater presence in the increasingly open and growing market, sources and analysts said. Italy’s Eni and China’s Zhejiang Energy signed March 30 a memorandum of understanding on strategic cooperation, including potentially developing a long-term LNG supply agreement and joint participation in gas and LNG projects. This came a week after Total announced that it formed a marketing joint venture with Shenergy Group. Both Zhejiang Energy and Shenergy are local government-owned enterprises that mainly engage in power generation and the gas industry. They supplied 11.8 Bcm and 9.8 Bcm of natural gas in 2019, accounting for more than 81% and 90% of total gas consumption in Zhejiang province and Shanghai, respectively.

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