China’s gas production grows apace
State firms saw their gas production gains outpace those of crude in the first nine months of 2021
China’s economy and energy demand rebounded in 2021 as the country emerged from the worst of the pandemic disruption. In response, state oil companies Cnooc, Sinopec and Petrochina—a subsidiary of CNPC—have continued their programmes of upstream expansion, with a particular emphasis on gas and domestic production, in line with Beijing’s stated energy security and emission reduction goals. Cnooc’s gas and liquids production rebounded in 2021, with combined output increasing to 422mn bl oe over the first three quarters of the year, up by 8.5pc from 389mn bl oe over the same period in 2020. Gas production climbed by 6.6pc, to 495bn ft³ (14bn m³, or 51.3mn m³/d), while—in contrast to the other t
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution






