China Expands their LNG Operations but the Reasons are Unclear
Posted onThe China National Petroleum Corp (CNPC) are increasing their investments in LNG exploration, production and pipelines to nearly double their annual output to around 180 billion cubic metres (bcm) by 2020. This comes against a backdrop of low oil and gas prices, a cut in overall investment in the industry and losses recorded so far this year. Whether the move away from oil towards gas is driven by environmental or economic factors is unclear.
