October 31, 2011 / 4:06 AM / 8 years ago

PetroChina to supply 25 pct more gas in winter-spring -paper

BEIJING, Oct 31 (Reuters) - PetroChina Co Ltd , the dominant natural gas supplier in China, will supply 25 percent more of the fuel in the coming winter-spring season than a year earlier, China Petroleum Daily reported on Monday.

The report in the newspaper run by PetroChina parent China National Petroleum Corp (CNPC) did not provide a volume.

PetroChina said last year it planned to supply 32.04 billion cubic metres of gas in the last winter-spring season, 8 percent more than a year earlier, but never disclosed the actual volume.

The government has said major producers, including CNPC, China Petrochemical Corp (Sinopec Group) and China National Offshore Oil Corp (CNOOC), will supply a total of about 58.6 bcm of gas in the coming winter-spring season, up nearly 20 percent on the year.

State-owned firms’ oil and gas businesses are run by their respective listed units.

China’s energy chief said gas supply and demand in the winter-spring season would generally be in balance, though supply will be strained if low temperatures last longer than expected and gas demand from power generation surges.

Reporting by Jim Bai and Ken Wills; Editing by Jonathan Hopfner

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