Production

China’s offshore oil and gas output poised for historic peaks

China’s offshore oil and gas sector set for substantial growth, with oil output forecast to peak at close to 530 million barrels by 2030 and natural gas reaching 41 billion cubic metres by 2040

The CNOOC Energy Economics Institute has forecast a peak in China’s oil output by 2030 and natural gas production by 2024.
The CNOOC Energy Economics Institute has forecast a peak in China’s oil output by 2030 and natural gas production by 2024.Photo: AP/SCANPIX
Asia CorrespondentSingapore
Published 24 December 2024, 06:45Updated 24 December 2024, 11:44
ChinaAsia & OceaniaEast Asia