Fueling Oil and Gas Investment
Last month news reports out of China surfaced that the nation might see its natural gas supply fail to meet 35 percent of the demand in 2011, and the shortage could persist through 2021.
Articles Tagged "China"
Chinese Shale Gas Attracting International Investment
China has an enormous gas market to be filled, both in the short term and long term, where natural gas will account for as much as 12 percent of the primary energy needs over the next decade from the current 3.8 percent. Shell's Chief Financial Officer Simon Henry indicated that the company may invest $1 billion each year in China if PetroChina's two wells in Sichuan province prove they have the potential for commercial gas production.
Australia, China Inked $41 bln Natural Gas Deal
A 50 billion Australian dollar $41 billion deal for China to purchase Australian natural gas shows current diplomatic tensions between the two countries will not trump their commercial interests. For full story, click here
China CNPC is aiming to double Gas Output by 2015
State-owned CNPC, China’s leading oil and gas company, aims to double its natural gas output in seven years. CNPC, the parent of PetroChina, declared that it has planned to produce 120 billion cubic metres of natural gas by 2015 and 150 billion cubic metres by 2020, which would enable the oil heavyweight to take half [...]
Natural Gas from Coal will take Lead in China’s Chemical Development
China’s coal chemicals industry, which has been drawing surging attention, is currently adjusting to deal with the ongoing financial crisis and challenges of its own development. Some experts declared that if the adjustments go smoothly, the country’s coal chemicals industry would do away with problems such as high energy-consumption and low efficiency, thus benefiting the [...]
China will help Iran to produce Natural Gas
Chinese National Petroleum Corporation to develop 11th stage of world’s leading marine gas field in Iran for $4.7 billion. France committed to project five years ago, but is delaying alliance. For full story, click here
China, Iran will sign $5 bln Natural Gas Deal
Iran has signed a USD 5 B deal with China National Petrolium Corporation for the exploitation of the giant South Pars natural gas field. For full story, click here
Longest X80 pipeline in the world: second west-east Gas pipeline
It is declared that in recent years gas consumption in China has surged sharply and so it has become critically important to improve the energy supply throughout the country. To accomplish this, China is accelerating exploitation of domestic resources and importing oil and gas from nearby Russia and Central Asia. For full story, click here
China National Offshore will purchase 3.6 mln tonnes of LNG
China National Offshore Oil Corp, parent of CNOOC Ltd, will purchase 3.6 million tonnes of liquefied natural gas per year from BG Group Ltd’s proposed Australian plant from as early as 2014. For full story, click here
CNPC proven natural gas reserves grew in 2008
China National Petroleum Corp’s proven crude oil and natural gas reserves rose by 740 million tonnes and 416.8 billion cubic meters respectively in 2008. For full story, click here
