China boosts oil and gas output to hedge trade risk to energy

CNOOC reports higher production off US, while Sinopec drills in Inner Mongolia

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Employees unload liquefied natural gas (LNG) tanks in Xian, Shaanxi Province. © Reuters

SHUNUKE TABETA, Nikkei staff writer

BEIJING -- China's three big state-run energy groups are increasing output of crude oil and natural gas in an effort to ease the country's reliance on foreign sources amid its trade war with the U.S. 

The moves by PetroChina, Sinopec and CNOOC come as slowing Chinese economic growth takes a toll on profits.

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