Tag Archives: PetroChina

China’s move to speed up the construction of natural gas storage facilities is expected to boost the storage capacity over the next two-three years, but the country is unlikely to meet its 2020 targets amid incomplete market liberalization reforms and coronavirus pandemic, trading sources said. City gas suppliers have so …

A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc.. the biggest U.S. exporter. as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.

China has been promoting efficient. large-scale use of natural gas in sectors including industrial fuel. gas-fired power and transportation.

LNG is normally ferried by large vessels with 70.000-ton capacities.

The strength of U.S. oil imports in the mid-2000s created a political crisis.

The pipeline plan is the biggest energy ‘reform’ in China since 1998.

Asia'.s fourth biggest oil consumer imported 112.55 million barrels from the North American producer over January-October.

China is also opening its commodity futures markets to international investors in an effort to expand its currency'.s value. the yuan.

VLCC freight rates for key crude oil supply routes to Asia have surged since the US ratcheted up sanctions in recent months.

Aramco is leaning on business partners and friendly governments to help achieve its preferred valuation of US$2 trillion.