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.

PetroChina, the Chinese-listed and overseas unit of state-owned China National Petroleum Corp. and an LNG project stake holder in Canada and Mozambique, reported annual record profits and revenues due to higher prices for oil and natural gas.