Business Scoop » Zhongyu Gas Bucking The Trend In 2020

Business Scoop » Zhongyu Gas Bucking The Trend In 2020 With A Low-carbon Economy Conducive To Future Growth


Press Release – ACN Newswire
In the past year, the global economy was hardly hit by the impact of COVID-19. In the first quarter of 2020, various localities suspended work and production due to the pandemic, resulting in a sharp decrease in industrial and commercial gas demand. …In the past year, the global economy was hardly hit by the impact of COVID-19. In the first quarter of 2020, various localities suspended work and production due to the pandemic, resulting in a sharp decrease in industrial and commercial gas demand. However, after the resumption of work in full swing, the upstream price reduction policy was basically completed, and the retail prices of natural gas began to rise in some provinces, leading to a rebound in demand from industrial and commercial users and a further rise in the spread. Coupled with the surge in natural gas demand during the heating peak season in the fourth quarter, the gas segment was not impacted as a whole in 2020 and maintained a stable development.

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