An early cold snap in China that has triggered unexpected shortages of natural gas have prompted PetroChina to consider importing LNG by leasing the Shanghai receiving terminal of rival China National Offshore Oil Corp. The vice minister of the powerful National Development and Reform Commission, Zhang Guobao, said on national television Wednesday that PetroChina is looking to import 700 million cubic meters, or around 24.7 billion cubic feet, of gas in the form of LNG to increase supplies in eastern and southern China, including Shanghai, Zhejiang, Jiangsu and Fujian provinces.
展开▼
