LNG

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.

PetroChina, the Chinese major listed in Hong Kong and with LNG and international assets, reported plunges in annual revenues and net profits of over 20 percent and 57 percent respectively as it was hit by the effects of Covid-19 and the economic slowdown.