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.
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