LNG

China Petroleum and Chemical Corp. (Sinopec), whose LNG assets include a stake in the Australia-Pacific LNG plant in Queensland and an expansion venture in Qatar, said third-quarter net profits increased by 34 percent and revenues also moved higher along with demand for natural gas and refined products.

China National Offshore Oil Corp., the owner of nine Chinese LNG import terminals and multiple oil and gas stakes, has outlined its business strategy and development plan for 2020 with 10 new projects scheduled to come on stream.