China National Petroleum Corporation (CNPC), the country's leading oil and gas producer, said it has taken active measures to raise gas supply and meet rising market demand triggered by heavy snows and falling temperatures.
CNPC figures revealed that daily natural gas consumption volume in north China surged 56 percent year on year between Nov. 1 and 16, while daily gas consumption in Beijing alone rose 57 percent year on year in this period.
The daily natural gas supply of CNPC nationwide has increased from 169 million cubic meters at the beginning of this month to the current'9 million cubic meters, said the Beijing-based firm.
Most of the company's gas transmission pipelines have reached their full capacity. The oil and gas producer would do its best to guarantee the demand for local residents' daily life use and the demand in Beijing and other cities, by reducing supplies to some industrial enterprises.
China embraced severe cold weather and heavy snows this winter, with almost all of north China expected to experience continuing low temperatures and gales, according to weather forecast of the China Meteorological Administration on Sunday.
Meanwhile, almost all of southern China will be covered by snow and rain, with Hubei and Anhui expecting storms, according to the forecast. CNPC can be traced from the beginning as a governmental department of the PRC government. In'49, the Chinese government formed a Fuel Industry Ministry dedicated to the management of fuel. In January'52 a sub department of the fuel ministry was formed to manage petroleum exploration and mining, it was called the Chief Petroleum Administration Bureau. In July'55 a new ministry was created to replace the Fuel Industry Ministry, it was called the Ministry of Petroleum.
From'55 to'69, approximately 4 oil fields were found in 4 areas in Qinghai, Heilongjiang (Daqing oilfield), Bohai Bay and Songliao basin. CNPC was finally created in 17 September'88 when the government decided to disband the Ministry of Petroleum and created a state owned company to handle all Petroleum activities in China.
1993 marks the beginning of CNPC international operation. CNPC sign a service contract with the government of Peru to manage the Talara oilfield. It was followed by an oil contract with the government of Sudan to manage Block 1/2/4 in the Muglad oilfield. Then in June'97 the company bought a 60.3% stake in the Aktobe Oil Company of Kazakhstan, the next month CNPC won an oil contract for the Intercampo oilfield and East Caracoles oilfield in Venezuela.
Further In July'98, the company was restructurized by the government in accordance with the upstream and downstream principle of oil industry.
In August 2005 it was announced that CNPC agreed to buy the Alberta-headquartered PetroKazakhstan for US$ 4.18 billion. This would be the largest overseas acquisition by a Chinese company. The acquisition was successfully completed 26 October 2005 after a Canadian court turned down an attempt by LUKoil to block the sale.
CNPC figures revealed that daily natural gas consumption volume in north China surged 56 percent year on year between Nov. 1 and 16, while daily gas consumption in Beijing alone rose 57 percent year on year in this period.
The daily natural gas supply of CNPC nationwide has increased from 169 million cubic meters at the beginning of this month to the current'9 million cubic meters, said the Beijing-based firm.
Most of the company's gas transmission pipelines have reached their full capacity. The oil and gas producer would do its best to guarantee the demand for local residents' daily life use and the demand in Beijing and other cities, by reducing supplies to some industrial enterprises.
China embraced severe cold weather and heavy snows this winter, with almost all of north China expected to experience continuing low temperatures and gales, according to weather forecast of the China Meteorological Administration on Sunday.
Meanwhile, almost all of southern China will be covered by snow and rain, with Hubei and Anhui expecting storms, according to the forecast. CNPC can be traced from the beginning as a governmental department of the PRC government. In'49, the Chinese government formed a Fuel Industry Ministry dedicated to the management of fuel. In January'52 a sub department of the fuel ministry was formed to manage petroleum exploration and mining, it was called the Chief Petroleum Administration Bureau. In July'55 a new ministry was created to replace the Fuel Industry Ministry, it was called the Ministry of Petroleum.
From'55 to'69, approximately 4 oil fields were found in 4 areas in Qinghai, Heilongjiang (Daqing oilfield), Bohai Bay and Songliao basin. CNPC was finally created in 17 September'88 when the government decided to disband the Ministry of Petroleum and created a state owned company to handle all Petroleum activities in China.
1993 marks the beginning of CNPC international operation. CNPC sign a service contract with the government of Peru to manage the Talara oilfield. It was followed by an oil contract with the government of Sudan to manage Block 1/2/4 in the Muglad oilfield. Then in June'97 the company bought a 60.3% stake in the Aktobe Oil Company of Kazakhstan, the next month CNPC won an oil contract for the Intercampo oilfield and East Caracoles oilfield in Venezuela.
Further In July'98, the company was restructurized by the government in accordance with the upstream and downstream principle of oil industry.
In August 2005 it was announced that CNPC agreed to buy the Alberta-headquartered PetroKazakhstan for US$ 4.18 billion. This would be the largest overseas acquisition by a Chinese company. The acquisition was successfully completed 26 October 2005 after a Canadian court turned down an attempt by LUKoil to block the sale.
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