Tag Archives: PetroChina

China has seen an explosive growth of natural gas consumption over the years.

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.

Over the past year. Russia has consolidated its position of China’s biggest oil supplier ahead of number-two Saudi Arabia.

China’s total crude oil imports in October hit a record-high.

The supply deal will likely start ahead of this winter and it will be for about three years.

Concern for the environment is a major reason for China'.s increasing imports of gas.

Beijing has repeatedly defended its energy trade with Tehran. worth about $1.5 billion a month.

Shell said in 2014 that the project could cost as much as C$40 billion ($31 billion).

LNG prices in Asia are likely to remain largely unaffected for now.

China’s LNG imports may surge 70 percent to 65 million tonnes by 2020.