Insight
Covid-19’s impact on China’s upstream industry
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China’s oil and gas demand has been affected by the strict restrictions imposed to contain the coronavirus (Covid-19) outbreak. But what about the upstream industry? Chinese NOCs are making concerted efforts to maintain domestic supply levels, and the major oil and gas production areas have not been hit heavily by the outbreak. However, we still expect 133 mmcfd of gas and 26,000 b/d of oil to be curtailed on an annualised basis in our base-case scenario.
Table of contents
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Executive Summary
- An uncertain outlook
Tables and charts
This report includes the following images and tables:
- China’s major onshore producing basins vs main coronavirus-affected areas
- China’s gas production by basin
- China’s oil production by basin
- China’s 2020 gas supply outlook under different Covid-19 scenarios
- China's 2020 oil supply outlook under different Covid-19 scenarios
What's included
This report contains:
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