Tag Archives: China National Petroleum Corporation (CNPC)

Total reported higher profits last week. and announced plans for a $5 billion share buyback and a dividend increase.

CNPC has agreed to purchase about 1.2 million tonnes of US LNG per year.

Shale gas will only become a leading driver for growth in the longer-term.

Yamal LNG is located in the Russian Arctic.

Reacting to the Total’s statement. Iranian Oil Minister Bijan Namdar Zanganeh said Total will lose all of its investment if it pulls out of the deal.

China will import 452 million tonnes. equivalent to 9 million bpd. in 2018.

Gazprom increased gas sales to almost all its buyers in Europe.

Domestic gas production is forecast to rise 8.8% year on year to 160.6 Bcm in 2018.

CNPC is exploring new gas deposits to feed the pipeline. which runs from Daewoo International’s offshore fields in Myanmar.

The world’s third-largest gas consumer has been hit by a supply crunch this winter.