How to buy and sell natural gas at a low price
China’s $6.2 trillion economy is a sprawling complex of industrial projects, energy plants, and other enterprises that have long been reliant on fossil fuels to generate electricity.
The country is the world’s third-largest importer of oil and gas, but it also accounts for a large portion of the world market for natural gas, which has surged to a record $7.4 trillion in 2016.
That makes China a major player in the gas market, a global leader in the process of extracting natural gas and the largest natural gas producer on Earth.
While China’s gas industry is relatively small, it has been growing at an unprecedented pace.
The number of new wells drilled and wells completed last year more than doubled from the previous year to more than 1.3 million.
In total, Chinese firms drilled about 1.8 million wells last year, the most since 2008.
China is also the world leader in gas production, with 2.4 million megawatts of gas production capacity, according to the International Energy Agency.
The state-owned Sinopec has about 2.2 billion cubic meters of natural gas storage capacity, the company said in a statement.
“The Chinese economy is built on the idea of expanding, creating wealth and promoting economic growth.
That’s why we are constantly trying to develop our energy infrastructure, and our energy business is just one of the many areas where we have developed a lot of energy technology,” said James R. Smith, senior vice president and general manager of the Chinese Energy Association.
“We are the world largest producer of natural-gas and oil, but we have also had tremendous successes and challenges.”
In recent years, China has been expanding its domestic natural gas production by about 50 percent annually, Smith said.
But it faces growing pressure from neighboring India, which is now the world world’s second-largest natural gas importer.
While the global gas market has been booming in recent years and the number of wells drilled in China is nearly double the global average, the country’s share of global gas production has been dropping for a number of years.
That is expected to continue as the country tries to address the problems caused by the high cost of imported natural gas.
Last month, the World Bank announced that China had become the first country in the world to be listed as a “lagging country” in its global energy rankings.
In 2017, China was ranked 14th in terms of its economic growth, while India, the second-most populous country in Asia, was ranked 15th.
But the global ranking has not kept pace with China’s rise.
China’s economy has grown at a much faster rate in the past few years than the United States, Europe and Japan, according the U.N. Economic Commission for Western Asia.
And it has overtaken the U and European economies in terms to the size of its population.
For the past four years, India has been a top producer of oil, while China has grown to be the largest exporter of natural and liquefied natural gas (LNG).
That is making it harder for India to compete with China.
For instance, in 2015, India imported about 12 million metric tons of LNG.
This year, it plans to import 6.5 million tons of liquefaction natural gas for domestic consumption.
In India, China’s biggest challenge is not necessarily the cost of natural resources but the ability of its companies to compete.
The two countries have also recently engaged in trade disputes.
In October, the U, EU and Canada struck a trade deal that would have allowed them to restrict imports of coal and steel.
China has accused India of retaliating against the deal by restricting imports of steel from the United Kingdom.
“China is becoming more competitive with India and other countries in the region,” said Daniel O. Green, the China research director at IHS Global Insight, a research firm.
“They are going to have to be more proactive in their ability to grow their energy market.”
The International Energy Association, a U.S.-based trade association, estimates that China’s energy demand will grow at an annual rate of about 3.3 percent, which it says will continue to outpace its growth in the global economy.
But Green said China’s dependence on energy is becoming a major challenge for the country.
“It is a very expensive energy market.
It is a global market that is a challenge for China,” he said.
“You have to have very high investment and very strong infrastructure.”
In the next few years, Beijing plans to spend $3.3 trillion on energy infrastructure and upgrade existing energy infrastructure to make it more efficient, according Green.
“That means that we are going back to the basics,” he added.
China also has a long history of political disputes with neighboring countries.
In the past decade, the two countries battled over the disputed South China Sea.
Beijing has said that the islands are part of its continental shelf and that China should respect the freedom of navigation and overflight