Understanding CNPC-PetroChina's appetite for rising gas imports

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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...

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    Understanding CNPC-PetroChina's appetite for rising gas imports

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Tables and charts

This report includes 10 images and tables including:


  • 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 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


  • CNPC-PetroChina Recent Gas Import Agreements

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