Supply & Demand

CNPC signs deals to supply 84 bcm during heating season

CNPC has signed agreements to supply 84.1 bcm of gas to domestic users during the Chinese heating season this winter
By Staff reporter 27 November 2018 0 33468

China National Petroleum Corp. (CNPC) has signed agreements to supply 84.1 billion cubic metres of gas to domestic users during the Chinese heating season this winter, an increase of 11.2% year on year, the company said on Tuesday.

China still faces considerable supply pressure this heating season, according to CNPC. The company’s domestic output will account for more than 50% of China’s gas supply over the winter, while its piped imports from Central Asia will make up more than 23%...