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China Natural Gas Inc. is a Chinese energy company that, through its subsidiaries, is engaged in the distribution and sale of natural gas and gasoline to commercial, residential and industrial customers in the Xi'an area and the Shaanxi province of the People's Republic of China. The company also engages in the construction of pipeline networks.
The pipeline passes through 66 cities in the 10 provinces in China. [30] Natural gas transported by the pipeline is used for electricity production in the Yangtze River Delta area. The capacity of the pipeline is 12 billion cubic metres (420 billion cubic feet) of natural gas annually. [31] The cost of the pipeline was US$5.7 billion.
In July 2013, CNPC and Eni signed a $4.2 billion deal to acquire a 20% stake in a Mozambique offshore natural gas block. [18] In June 2014, the "head of a key China National Petroleum subsidiary was recalled to Beijing" and fell "from public view". [19] Replacement of China National Petroleum's top representative in Canada was announced in July ...
The U.S. is China’s biggest supplier of natural gas. One of the largest natural gas deals is between China’s Sinopec and U.S. Natural Global LNG, which will provide 194 billion ft^3 of natural gas every year to China for 20 years. China has also increased taxes on natural gas being imported from the United States.
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Since its inception in 1984, GAIL has been the undisputed leader in the marketing, transmission and distribution of natural gas in India. As India's leading natural gas major, it has been instrumental in the development of the natural gas market in the country. GAIL sells around 51% (excluding internal usage) of the natural gas sold in the country.
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Base gas is needed in order to provide enough pressure for gas to be withdrawn on demand. Therefore, total working storage capacity is about 4 Tcf. This is equal to approximately 17% of annual consumption. Most gas storage is in depleted gas or oil fields, with the second largest storage capacity being in aquifers, and the smallest in salt caverns.