PetroChina’s gas business profits from pipeline assets sale, but challenges remain
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
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Highlights
- Domestic production volume increased, but profits were down
- Losses on gas imports were narrowed as a result of oil price crash
- Pipeline restructuring led to one-off profit surge, but the leading cash-generative business is gone
- Natural gas will be a priority as the company joins China’s long-term climate ambitions
- Near-term task remains to improve the viability of its gas business
Tables and charts
This report includes the following images and tables:
- Operating profit of natural gas and pipeline business
- Unit loss of imported gas
- Delivered costs to Shenyang, northeast China in 2020
- PetroChina’s low-carbon transition path
What's included
This report contains:
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