China poised for rapid LNG expansion
New and existing domestic players are investing in regasification infrastructure to help meet surging demand
China will commission an unprecedented amount of new LNG receiving capacity in the coming years amid fast-growing demand and the opening-up of the country’s gas market. The official launch of state-owned PipeChina in September 2020 emboldened several smaller energy companies to enter the industry. As a result, some 28 projects with a combined capacity of 82.8mn t/yr are under construction, according to data compiled by Petroleum Economist. Included in the growing list of new smaller players seizing on PipeChina’s reforms is China Urban Rural Energy (Cure), a subsidiary of state-run China Communications Construction Company Group. Cure signed cooperation agreements with Shandong Petroleum &am
Also in this section
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix