PetroChina hikes gas supply to help meet demand [Seeking Alpha]
PetroChina Company Limited (PTR)
US:NYSE Investor Relations:
petrochina.com.cn/ptr/tzzgx/tzzgx.shtml
Company Research
Source: Seeking Alpha
PetroChina hikes gas supply to help meet demandPetroChina (PTR-0.4%) isstepping up natural gas supplies from both domestic fields and imports to meet customer demand, raising April gas supplies by 14% Y/Y, parent company CNPC says.PTR hiked production in the first four months of this year at major domestic fields Changqing, Southwest, Tarim and Qinghai by more than 2% from the year-ago period to 30.5B cm, and raised imports of natural gas by nearly 29% during the same period, CNPC says.Reuters reported last week that PTR hadcurbed the feed of gas to some users in the northern and western parts of China since early May to help head off possible shortages next winter.Click to subscribe to real-time analytics on PTRNow read:Likely Winners From The U.S./China Deal - In Alaska »
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