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Leader in China's Oil & Gas Infrastructure
China's energy industry is undergoing rapid change as energy demand surges and the markets open to private sector participation. China's economy is now the third largest in the world.

Many sectors of the oil industry remain dominated by the state petroleum companies, with very few inroads to date by international oil majors. However gradual liberalisation and growing demand will offer new projects and supply opportunities, particularly to the smaller non-state companies already established in China.

Coal will continue to be the major source of energy for power in China, although its use in major cities is now being discouraged for environmental reasons. Demand for transportation fuels, particularly jet fuel and diesel, will continue to grow strongly as the economy develops. The markets for these fuels will also gradually liberalise and there will be increasing opportunities for independent terminals and supply.

Over the past few years there has been a rapid growth in the supply and infrastructure for natural gas in China. Natural gas is the most attractive fuel for households and businesses as it is environmentally clean and convenient, and cheaper than all other fuels except coal. Gas represents only 5 per cent of China's energy portfolio, compared with 25 per cent for gas in Europe.  The government plans to double the domestic natural gas production to over 200 billion cubic metres per year by 2015, including 10 billion cubic metres per year of coal bed methane.  Future gas demand will also be met by imports of gas through pipeline and LNG carriers.

 
Decoration
Decoration
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