Fitch Ratings expects rated Chinese gas utilities’ EBITDA to remain flat or decline moderately in 2022, in contrast to growth of 8%-44% in 2021. High international crude oil and gas prices and China’s slowing economic growth will negatively affect gas sales volume and dollar margins. Smaller regional gas distributors with greater exposure to the connections …
The post China Gas Utilities’ Profits Under Pressure first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/china-gas-utilities-profits-under-pressure/