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7 Pages

Understanding CNPC-PetroChina's appetite for rising gas imports

Understanding CNPC-PetroChina's appetite for rising gas imports

Report summary

During his first overseas trip in March 2013 as China's new Premier, Xi Jinping told journalists in Moscow that ‘we didn't come here to waste our time'.  Premier Xi was referring to a series of energy deals signed with Russia, including a Memorandum of Understanding (MoU) for 38 bcm of pipeline imports from eastern Siberia for first delivery in 2018.  At the corporate level, CNPC-PetroChina is similarly wasting no time in expanding its global gas portfolio.  In H1 2013 alone, the company...

What's included?

This report includes 2 file(s)

  • Understanding CNPC-PetroChina's appetite for rising gas imports PDF - 542.11 KB 7 Pages, 1 Tables, 9 Figures
  • PetroChina Gas Pricing Reform.xls XLS - 159.00 KB


This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

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  • Executive Summary
  • Background
    • ‘Eating bitterness' - CNPC-PetroChina's import losses continue to climb
  • PetroChina’s expanding global gas portfolio
    • CNPC-PetroChina to become the world's largest gas importer?
  • Conclusion

In this report there are 10 tables or charts, including:

  • Executive Summary
  • Background
    • CNPC-PetroChina Natural Gas & Pipeline Division P&L
    • CNPC-PetroChina imported gas losses vs. volumes
    • Reformed City Gate Price vs Central Asia Import Price
    • Impact of Price Reform on Central Asian Imports P&L*
  • PetroChina’s expanding global gas portfolio
    • CNPC-PetroChina Recent Gas Import Agreements
    • PetroChina Potential Import Volumes 2012-2030
    • 2020 net gas imports vs. CNPC-PetroChina volumes
    • 2030 net gas imports vs. CNPC-PetroChina volumes
    • CNPC-PetroChina LNG contractual position
    • China's Total LNG Demand vs. contracted LNG
  • Conclusion
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