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Primeline Energy Holdings Inc V.PEH.H

Primeline Energy Holdings Inc. (Primeline) is a Hong Kong-based company engaged in the exploration of oil and gas properties located in China. The Company owns exploration and development rights in the East China Sea pursuant to two Petroleum Contracts, one in relation to Block 25/34 (Petroleum Contract 25/34) and one in relation to Block 33/07 (Petroleum Contract 33/07). The Company has approximately 36.75% interest in the producing LS36-1 gas field in Block 25/34 which comprises an offshore area of approximately 84.7 square kilometers. Primeline is the operator of the Petroleum Contract with China National Offshore Oil Corporation (CNOOC) for Block 33/07. Block 33/07 covers an offshore area of approximately 5,877 square kilometers (1.45 million acres), enclosing Block 25/34. The Company's subsidiaries include Primeline Energy China Limited (PECL) and Primeline Energy Operations International Limited (PEOIL).


TSXV:PEH.H - Post by User

Post by EVAN963on Aug 20, 2017 1:55pm
210 Views
Post# 26601053

China natural gas demand set to boom

China natural gas demand set to boom
China’s consumption of natural gas is forecast to grow at an annual rate of 8.1% from 2015 to 2030, according to a think tank affiliated with China National Petroleum Corporation, That compares to global demand growth of just 2.1%.  Policy is prompting a shift.The government has set a target for natural gas to account for 10% of the country’s energy consumption, up from 5.9% in 2015, to move away from coal and oil, which churn out higher level of carbon emissions
 
 
China has 1.37 billion population, according to the total consumption of about 210 billion cubic meters of natural gas 2016, the natural gas supply can only meet 400 million population - the country's one-third of the population Demand, and about 1 billion population - two - thirds of the market need to open up.
 
 
To protect the eastern part of Zhejiang, Wenzhou, Taizhou region natural gas use, optimize the provincial pipeline network . From July 5, 2017, LS 36-1 Natural Gas are  connected to the Zhejiang Provincial Gas Grid "Yong tai wen" .

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