PetroChina International on LNG Outlook

The video discusses China's LNG market, highlighting its small share in total gas consumption and the factors driving its demand. It explores China's future gas needs, supply security, and diversification strategies. The video also addresses market challenges, such as the impact of geopolitical events and worker strikes on gas prices. It details trading strategies, risk management, and the importance of adapting to market changes. The focus is on ensuring supply security and leveraging global partnerships to meet China's growing gas demand.

What percentage of China's total gas consumption is typically made up by LNG?

• More than 75%

• Exactly 30%

• About 50%

• Less than 25%

What was a significant factor in the growth of China's LNG imports in 2021?

• Reduction in pipeline imports

• Increase in domestic gas production

• High GDP growth and strong industrial demand

• Decrease in global LNG prices

By what year does PCI expect more than half of its long-term LNG supply to come from its own equity production?

• 2030

• 2027

• 2023

• 2025

What event in Australia could potentially impact global gas prices?

• A workers' strike

• A new LNG export terminal

• A government policy change

• A natural disaster

What is a key strategy for PCI to manage market swings?

• Reducing LNG imports

• Focusing solely on short-term deals

• Increasing domestic production

• Trading optimization capability

What new areas is PCI exploring to expand its trading portfolio?

• Renewable energy and electric vehicles

• Hydrogen fuel and biofuels

• Power trading and carbon trading

• Nuclear energy and coal trading

What is a major risk factor for PCI in the current market environment?

• Stable gas prices

• Geopolitical disruptions

• Decreasing demand for LNG

• Over-reliance on a single supplier