Energy
CNPC losses 5b yuan on gas imports from Central Asia
Updated: 2011-04-15 13:35
By Zhao Tingting (chinadaily.com.cn)
China National Petroleum Corporation (CNPC), China's largest oil and gas producer and supplier, lost over 5 billon yuan by selling natural gas imports from central Asian countries last year, as the import prices are higher than the domestic sales prices, caijing.com.cn reported Thursday.
|
China may face a natural gas oversupply by 2015, considering pipeline gas and LNG imports, the sources added.
Specials
![](../../attachement/jpg/site181/20110407/bc305ba24a510f076faf01.jpg)
Share your China stories!
Foreign readers are invited to share your China stories.
![](../../attachement/jpg/site181/20110408/bc305ba24a510f08fe5150.jpg)
Art auctions
China accounted for 33% of global fine art sales.
![](../../attachement/jpg/site241/20110408/bc305ba24a510f08ecb232.jpg)
Waiting for drivers' seat
Lack of sponsorship appears to be why Chinese drivers have yet to race in a Formula 1 event