Slowing gas demand in China is set to pressure international gas prices further, adding to the burden of producers, some of whom already have to deal with excess supply. Bloomberg quoted a researcher from China’s economic planning authority, who said at a BloombergNEF event in Shanghai that over the next five years, China’s demand for gas will slow down, especially in the liquefied natural gas department. The reasons for the slowdown will be economic: forecasters expect slower GDP growth in the world’s second-largest economy. Not last because of the continued trade war with the United States. For LNG exporters, however, the bad news is rising domestic production and the launch of a new pipeline that will send 38 billion cubic meters of gas to China by 2024. The Power of Siberia launched officially on Monday, with China’s and Russia’s presidents hailing the infrastructure as a cornerstone in bilateral relations. […]