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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.
China's natural gas consumption rose by 9% in 2019 to 10.8 trillion cubic feet (Tcf) per year from 9.9 Tcf in 2018. China's NOCs produced an estimated 6.3 cf of natural gas in 2019, 8% higher than in 2018 [1] Three gas lines from Turkmenistan were completed in 2009, 2010 and 2014 respectively, bringing 1.9 Tcf a year China. [1]
Mongolia won't fund the Siberia-2 pipeline for the next four years, Radio Free Europe reports. The natural gas pipeline is an ambitious project to deepen trade between Russia and China.
China's stock market reacted positively to the news. The CSI 300 ( 000300.SS ), Shanghai Composite ( 000001.SS ), and Hang Seng Index ( ^HSI ) all rose more than 4%.
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 reactor in Shidao Bay, China is the world’s first gas-cooled nuclear power plant built for commercial demonstration. It is cooled by helium and can reach high temperatures of up to 750 ...
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 ...