China’s leading oil and gas producer is increasing its emphasize on natural gas. China National Petroleum Company (CNPC) has announced that it will increase production of natural gas as well as imports.
The company’s natural gas production and pipeline transmission are at maximum capacity, said Hou Chuangye, deputy general manager of the company’s gas and pipeline operations. To ease the shortage, CNPC will buy at least 700 million cubic meters of natural gas on the global spot market, Zhang Guobao, head of the National Energy Administration, said on Dragon TV.
On Wednesday, CNPC started operating a natural gas pipeline in western China. The pipeline connects the Qaidam Basin in Qinghai province to Xining, capital of Qinghai. CNPC also plans to start importing natural gas from Turkmenistan through the Central Asia pipeline and the second West-East pipeline in mid-January next year.
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