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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 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.
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 ...
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China's stock markets surged on Tuesday thanks to pent-up demand from a weeklong trading break — but jittery investors kept a lid on the rally. The country's benchmark CSI 300 Index opened ...
The chart shows a 75-year history of annual United States natural gas production and average wellhead prices from 1930 through 2005. Prices paid by consumers were increased above those levels by processing and distribution costs.
The project is located in the Kutai Basin and has access to 15 million barrels of crude oil reserve and 700 billion cubic feet of natural gas. The deal closed with Sinopec getting an 18% stake for $680 million. [107] This project aligned with China's goal of doubling gas' share of energy production during the 2009-2015 period. [59]: 34 [108]
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 ...