China Shakes up its Pipeline Network
The national oil companies (NOCs), principally PetroChina, have played a central role in building up and operating China's network of pipelines over the last 20 years. However, the dominance of these enterprises over the network and the lack of an enforced third-party access … Continue Reading ››
Quo vadis China’s overseas oil and gas investors?
The NOCs scale back
Five or ten years ago, we all knew where China’s national oil companies (NOCs) were going. The answer was ‘almost everywhere, and big’. What had started as putting a toe in the water in the early 1990s had … Continue Reading ››
China-Iran energy relations after the lifting of UN sanctions
Whilst Xi Jinping’s trip to Iran in January 2016 had great diplomatic significance, the primary objective was economic, and energy will have featured prominently among the many deals signed. This should pave the way for more inward investment … Continue Reading ››
Reform of China’s oil industry at a time of low prices
Economic reform is high on the national agenda, at least according to the Third Plenary Session of the 18th
Central Committee of the Communist Party of China, held more than two years ago in November 2013. Specific proposals included, among … Continue Reading ››
The last few months have seen a great deal of press speculation about Chinese government plans to reform its national oil companies (NOCs) and the NOC’s own plans to attract co-investors. It is still not clear whether the NOCs face wholesale restructuring or just incremental reforms. Either way, the … Continue Reading ››
The drop in oil prices is good news for China, but poses some questions relating to gas policy.
By the second week of December 2014, international prices for crude oil had fallen to just above US$ 60 per barrel, 40% down from their levels of … Continue Reading ››
On 4th March 2013, I was in Dublin to give a talk on this topic at the Insititute of International and European Affairs