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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.
CNOOC Limited (中国海洋石油有限公司) is China's largest producer of offshore crude oil and natural gas, noted as such in 2010. [3] It is a major subsidiary of China National Offshore Oil Corporation (CNOOC) and has been listed in Hong Kong SEHK: 883 since February 2001. It was listed on the New York Stock Exchange from 2001 to
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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 ...
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]
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