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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 natural gas pipeline is an ambitious project to deepen trade between Russia and China. The pipeline already hit a snag as Moscow and Beijing face disagreements.
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.
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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On June 5, 2018, CNOOC Gas and Power Group Co. Ltd., a subsidiary of China National Offshore Oil Corporation (CNOOC), China's largest LNG importer and terminal operator, has recently signed a memorandum of understanding (MOU) with the Philippine fuel retailer Phoenix Petroleum to study, plan, and develop a liquefied natural gas (LNG) receiving ...
Nvidia stock slipped 2.5% on Monday after China opened an antitrust investigation into the chip giant amid escalating tensions between Beijing and Washington over artificial intelligence dominance.
Pages in category "Natural gas companies of China" The following 14 pages are in this category, out of 14 total. This list may not reflect recent changes. C.