China Oil & Gas: Above-Consensus Forecasts for Medium-Term Growth, but Electric Vehicles Loom Large
Consensus is missing the boat on China’s medium- and long-term oil demand but, interestingly, in different directions. Over the next five years, we’re bullish. We think that by relying on China’s inflated official GDP growth figures, other forecasters are underestimating China’s income elasticity of oil demand. Looking from the bottom up, near-term improvements in China's fuel-efficiency standards will be more modest than headline requirements suggest. Also, others have mistakenly identified the...ENN Energy Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the gas supply business in the People's Republic of China, including but not limited to the sales of piped gas, gas connection, construction and operation of vehicles gas refuelling stations, wholesale of gas, sales of other energy and sales of gas appliances and materials.
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