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...