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
21 August 2025
The administration has once more reduced its short-term gas price forecasts, but the expectation remains the market will tighten over the coming year, on the back of
19 August 2025
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
19 August 2025
OPEC and the IEA have very different views on where the oil market is headed, leaving analysts wondering which way to jump
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher