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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.
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.
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 ...
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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 ...
And in Europe, natural gas prices jumped to 2024 highs this past week after Ukrainian troops crossed into Russia and claimed the capture of a key gas transit hub.
The satellite facilities then delivered some natural gas via pipeline to consumers or industry. [19] Although ENN Xinao Gas began distributing natural gas by truck as well after 1993 and many roads and highways in China were unable to carry such heavily loaded vehicles, the truck distribution system proved viable. By 2019, Guanghui had scaled ...