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China’s NOCs increase production amid US trade spat
Gas production growth shined at China’s big three state energy giants in the first half of this year as they heeded the Chinese leadership’s call to boost domestic output Gas production growth shined at China’s big three state energy giants in the first half of this year as they heeded the Chinese leadership’s call to boost domestic output.
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China’s largest NOCs ramped up gas production in H1 2019 in line with calls from Beijing to prioritise domestic output in response to its trade war with Washington.
Strong domestic output from PetroChina, Sinopec and China National Offshore Oil Corp. Ltd (CNOOC Ltd) continued to stand out, with the NOCs ramping up combined production in H1 2019 by 9.7% year on year, to 70.6 billion cubic metres. This represented an acceleration from the 9.1% growth seen in H2 2018 – when Chinese President...
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