LNG

Aug 29 (LNGJ) - Sinopec of China, a shareholder in the Australia Pacific LNG venture in Queensland and the leading Chinese oil refiner, posted a first-half fall in net profits of 21.6 per cent because of the lower crude prices. The company made 19.92 billion yuan (US$2.98 billion) in the January to June period compared with 25.42Bln yuan in the same period last year, according to a statement realised by the Hong Kong stock exchange, where it is listed. China National Offshore Oil Corp., the country’s other main energy company and largest LNG import terminal operator, reported a net loss of 7.74Bln yuan (US$1.16Bln) in the first six months of the year.