CNPC loses 5 bn yuan on gas imports from Central Asia

Jul 15, 2011 12:00 AM

China National Petroleum Corporation (CNPC), China's largest oil and gas producer and supplier, lost over 5 billon yuan by selling natural gas imports from central Asian countries last year, as the import prices are higher than the domestic sales prices, caijing.com.cn reported.

Sources from CNPC also said this year's losses will increase and importing one cubic meter of natural gas means a loss of one yuan. Therefore, by 2013, or at latest by 2015, the company may reduce its natural gas imports if the nation does not change the gas pricing mechanism or promote natural gas price reform.

China may face a natural gas oversupply by 2015, considering pipeline gas and LNG imports, the sources added.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« March 2019 »
March
MoTuWeThFrSaSu
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Register to announce Your Event

View All Events