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Gas firms face risks despite good growth

INDUSTRIAL gas firms in China may be saddled with risks such as power shortages, macroeconomic uncertainties and rising environmental threats despite solid growth, PricewaterhouseCoopers reported.

In China, the world’s third-largest industrial gas market after the United States and Germany that makes up for 4 to 5 percent of global demand, domestic gas producers only account for a small portion.

International industrial gas giants including Praxair Inc, Air Liquide SA and Air Products have set foot in the market with an on-year growth rate of some 10 percent.

Inadequate supplies of electricity will remain one of the biggest hurdles to growth as producers rely heavily on electricity to create their products.

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