ARGUS MEDIA CHINA RUSSIA OIL & GAS 2016
Date: March 31, 2016
Location: The Regent Beijing, China
The oil and gas supply glut has fundamentally transformed the global energy landscape. The world has since entered into a low oil price environment where major oil and gas producers suffered from lost revenues and competition for market share grows increasingly intense
Despite the challenges, opportunities for regional trading in the Far East abounds. China has overtaken the United States as the world’s top crudes importer in April 2015 and China will rely increasingly on natural gas as a clean power generation fuel, driven by national policy to reduce carbon foot print. More recently, China has conditionally opened the crudes imports to qualified non-state refiners
Russia, on the other hand, is building more LNG terminals and in the meantime, actively probes opportunities for foreign investments into their capital intensive oil and gas sectors
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