PetroChina posts profits rise and transfers pipeline and LNG terminal assets from subsidiary to PipeChina
PetroChina, the Chinese oil and gas major listed in Hong Kong and with LNG stakes in Canada and Mozambique, reported an 8.4 percent rise in first-quarter revenues and a return to profits after losses in the same three months of 2020, as it also completed the hand-over of control of the Dalian LNG terminal to the new state-owned energy infrastructure company.
China confirms 2020 record for LNG imports even at higher spot cargo prices after energy market recovery
China confirmed that 2020 liquefied natural gas imports hit a record as energy needs continued to grew even after the slowdown in the first half caused by the Covid-19 pandemic.
Australian LNG supplier to China to maintain profit levels with oil break-even of US$29 per barrel
Origin Energy, the Australian utility and upstream supplier for the Australia-Pacific LNG export plant in Queensland, whose other shareholders are ConocoPhillips and Chinese major Sinopec, said plant profitability was unlikely to be affected by the global downturn.
