Gas shall play a more important role, with more shares in the total Chinese primary energy mix. And, the Chinese natural gas market is at a turning point, as indicated by many experts at Gastech 2015’s conference. The Chinese gas industry is facing many challenges also because of gas demand contraction due to the new normal Chinese economy. In the previous 10-15 years, we had double digit gas demand growth, but in 2014-2015 it was only single digits. Last year it was only 8.6%. This year, in the last 3 quarters, the growth was only 2.7%.
NEO - The Rockfellers are one of the most powerful families in the United States, and have been for a long time. Their history can be traced back to the 19th century and the rise of a corporation called Standard Oil. Today, their power can be found in the world’s largest oil corporation, Exxon-Mobile. Exxon-Mobile, a direct descendant of John D. Rockefeller’s Standard Oil, is the fifth-largest corporation in the entire world.
Central to Russia’s priorities is maintaining stable energy supplies both internally and to its external markets and customers. This goes hand-in-hand with energy security, availability and affordability and of course to ensure stability of demand. The 2030 target is to maintain a 10% share of global oil trade and 20% of natural gas.