Shaanxi government-owned Yanchang Petroleum Group, China’s fourth-largest oil and gas producer, plans to triple LNG output by 2020 to meet an expected boom in clean energy demand.
Yanchang Petroleum expects its LNG production capacity to reach 1.5 mtpa by the end of the 13th Five-Year Plan, according to Cao Qiang, manager of Yanchang Petroleum Natural Gas.
Yanchang Gas is Yanchang Petroleum’s wholly owned subsidiary focused on LNG production and sales. It was established in November 2015 with registered capital of RMB 1.2 billion ($180 million).
Yanchang Petroleum has...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up