PetroChina to Build Up Its LNG Fleet and Expand Global Trade
- Rare drop in Chinese consumption forces firms to look abroad
- Supply pressures ease as Russian pipeline ramps up flows
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China National Petroleum Corp., the country’s biggest natural gas supplier, will expand its fleet of ships that carry the fuel as it looks to enhance its role as a global gas trader.
CNPC’s trading arm, PetroChina International Co., plans to increase the number of liquefied natural gas tankers it has available to 25 by 2030, Wang Haiyan, the firm’s deputy general manager, said at a forum in Beijing on Tuesday.