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Arctic LNG-2 spearheads renewed Belt and Road focus for the Chinese NOCs

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08 May 2019

Arctic LNG-2 spearheads renewed Belt and Road focus for the Chinese NOCs

Report summary

At China’s Second Belt and Road Forum, CNPC and CNOOC each acquired a 10% interest in Novatek’s Arctic LNG-2 development. This marks the largest overseas M&A deal made by the Chinese national companies since 2013. These announcements and the strong entry into the Middle East last year highlight how China's national oil companies are taking the lead in advocating for the Belt and Road Initiative in core strategic regions. This raises the following questions: • What expectations does the government have for the Chinese NOCs under the BRI? • What are the Chinese NOCs’ commercial considerations for overseas business development? • What are some of their targeted areas and what risks do they face? In this insight, Wood Mackenzie teams up with our country risk specialist company Verisk Maplecroft to provide the answers to these questions.

Table of contents

  • The Chinese NOCs, M&A and BRI
  • Where could they go next along the BRI routes?

Tables and charts

This report includes 3 images and tables including:

  • Above-ground risks facing Arctic LNG-2
  • Political Violence Index in Q2 2019
  • Selected above-ground risks in Q2 2019: a regional comparison

What's included

This report contains:

  • Document

    Arctic LNG-2 spearheads renewed Belt and Road focus for the Chinese NOCs

    PDF 1.45 MB

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