China’s three NOCs are likely to sustain an upstream spending boom in pursuit of higher energy output, after Chinese President Xi Jinping ordered them last summer to intensify exploration activities to strengthen national energy security.
PetroChina, the listed unit of China National Petroleum Corp. (CNPC), expects domestic gas supply in China to reach 520 billion cubic metres per year by 2035, company vice president Ling Xiao said at the Gas Asia Summit in Singapore last week. This represents an increase of 360 bcm/y...
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