Tag Archives: PetroChina

China, the world’s biggest oil importer, has ramped up purchases of American crude in the lead-up to a highly-anticipated review of the trade deal between the two economic powerhouses. As much as 14 million barrels — or seven super-class tankers full — of U.S. oil will be loaded next month …

US crude oil shipments to China will rise sharply in coming weeks, US traders and ship brokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war. Chinese state-owned oil firms have tentatively booked tankers to carry at least …

China’s state-owned oil refining giants are in discussions to form a purchasing group to buy crude together, increasing their bargaining power and avoiding bidding wars. Senior executives from China Petroleum & Chemical Corp., PetroChina Co., Cnooc Ltd. and Sinochem Group Co. are in advanced talks to iron out details of …

China National Petroleum Corporation (CNPC) has discovered a large natural gas field in the southwestern province of Sichuan, the government of Suining City said in a statement on Wednesday. “[It is] an important discovery. The potential reserves of natural gas in this settlement of Suining District may exceed one trillion …

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.