INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

China’s natural gas output up 12.3% in October

Workers welding liquefied natural gas (LNG) tanks at a factory in Nantong, in China's eastern Jiangsu province. (AFP/ File Photo)
  • The country produced 18.5 billion cubic metres of natural gas in October, up 12.3 percent from a year ago
  • In the first 10 months of this year, China's natural gas output rose 6 percent YoY to 178.5 billion cubic metres

Beijing, China — China’s natural gas output logged robust growth last month, data from the National Bureau of Statistics showed.

According to Xinhua news agency, the country produced 18.5 billion cubic metres of natural gas in October, up 12.3 percent from a year ago and the growth pace was 7.7 percentage points faster than that in September.

In the first 10 months of this year, China’s natural gas output rose 6 percent year-on-year (YoY) to 178.5 billion cubic metres. The country imported 88.74 million tonnes of natural gas in the same period, down 10.4 percent YoY.

China can generally guarantee natural gas supply for winter heating requirements this year despite a complex international market situation, a spokesperson from the National Development and Reform Commission told a press conference on Wednesday.

The commission will urge localities to stay true to related price policies to maintain relatively stable natural gas prices for households, the spokesperson added.