FILE PHOTO: The logo of CNPC (China National Petroleum Corporation) is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015.  REUTERS/Benoit Tessier/File Photo
The logo of CNPC at the 26th World Gas Conference in Paris. The company says ties with the US will only strengthen despite tariff war. Benoit Tessier/Reuters

Biggest Chinese gas importer upbeat on relations with US

The head of China's largest natural gas importer believes the country's energy ties with the US are set to strengthen, despite trade conflict between the world's two largest economies that has shaken financial markets.

"There is more room for cooperation than confrontation between China and the US," China National Petroleum Corp chairman Wang Yilin said on the tropical island of Hainan, where he was attending the Boao Forum for Asia. "I hope our cooperation with US partners won't be negatively affected by the trade disputes, I'm confident our cooperation will only get better and closer."

China last week proposed tariffs on liquefied propane and petrochemicals from America, signalling it can strike the country's energy industry if the dispute intensifies. Both the US and China proposed tariffs on $50bn of goods and President Donald Trump instructed his government to consider levies on an additional $100bn of Chinese products.


Read more:

Middle East emerges as possible energy winner in US-China spat

China's Sinopec to boost shale gas output and hike receiving capacity


CNPC signed the first long-term deal to import liquefied natural gas from the US in February in a deal that commits Cheniere Energy to sending 1.2 million tonnes a year of the fuel to China through 2043. The contract helps underpin an expansion of the gas export terminals in the Texas port city of Corpus Christi, the first phase of which may start later this year or 2019.

“We currently have great cooperation with many US-based companies such as Exxon Mobil, Chevron and ConocoPhillips,” said Mr Wang. “Economic globalisation is an irreversible historical trend.”

China, the world’s biggest energy user, is growing more reliant on overseas crude as its domestic reserves dwindle and economic growth spurs higher demand. CNPC and the country’s sovereign wealth fund, China Investment Corp, were said to be in talks to invest in the initial public offering of Aramco, Bloomberg News reported in March last year.

CNPC is closely following preparation for a listing by Saudi Arabia's state oil producer and “evaluating how to deepen our cooperation through the process”, Mr Wang said.


Company name: Sav
Started: 2021
Founder: Purvi Munot
Based: Dubai
Industry: FinTech
Funding: $750,000 as of March 2023
Investors: Angel investors

Avengers: Endgame

Directors: Anthony Russo, Joe Russo

Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin

4/5 stars 


Director: Jaume Collet-Serra

Stars: Dwayne Johnson, Sarah Shahi, Viola Davis, Pierce Brosnan

Rating: 3/5

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200


Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

The specs: 2018 Renault Koleos

Price, base: From Dh77,900
Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 170hp @ 6,000rpm
Torque: 233Nm @ 4,000rpm
Fuel economy, combined: 8.3L / 100km


Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded


Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

What is cystic fibrosis?
  • Cystic fibrosis is a genetic disorder that affects the lungs, pancreas and other organs.
  • It causes the production of thick, sticky mucus that can clog the airways and lead to severe respiratory and digestive problems.
  • Patients with the condition are prone to lung infections and often suffer from chronic coughing, wheezing and shortness of breath.
  • Life expectancy for sufferers of cystic fibrosis is now around 50 years.

Best Male black belt: Lucas Protasio (BRA)
Best female black belt: Julia Alves (BRA)
Best Masters black belt: Igor Silva (BRA)
Best Asian Jiu-Jitsu Federation: Kazakhstan
Best Academy in UAE: Commando Group, Abu Dhabi
Best International Academy: Commando Group, Abu Dhabi
African Player of the Year: Katiuscia Yasmira Dias (GNB)
Oceanian Player of the Year: Anton Minenko (AUS)
European Player of the Year: Rose El Sharouni (NED)
North and Central American Player of the Year: Alexa Yanes (USA)
Asian Player of the Year: Zayed Al Katheeri (UAE)
Rookie of the Year: Rui Neto (BRA)Rui Neto (BRA)

Arctic Monkeys

Tranquillity Base Hotel + Casino (Domino) 



Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

Energy This Week

Expert analysis on oil & gas renewables and clean energy

      By signing up, I agree to The National's privacy policy
      Energy This Week