September 28, 2009

USA-China Oil & Gas Industry Forum

The 9th US-China Oil and Gas Industry Forum is underway in Qingdao, Shandong Province. Obama's Energy and Commerce secretaries are not present and the work of the forum is not well publicized. On the sidelines it was revealed that the huge Chuandongbei gas project in Sichuan Province, jointly developed by CNPC (parent of PetroChina - NYSE: PTR) and Chevron, will begin gas production next year. Ultimately the gas works will produce 3 billion cubic meters per year for 15 years....

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