LNG

PetroChina, the Hong Kong-listed arm of China National Petroleum Corp., reported a more than 60 percent drop in nine-month profits as pipeline natural gas and LNG imports continued to be loss-making.

PetroChina, the Hong Kong-listed arm of China National Petroleum Corp. (CNPC), reported a drop of just over 23 percent in nine-month net profits to 37.25 billion yuan ($5.28 billion) due to a lower oil price and intensified competition in refining as it also faced revenue problems with LNG and pipeline gas imports.