Huge demand to promote the distribution of oil in the global project in Australia LNG

China Petroleum Group Global Engineering Company (hereinafter "global Engineering") announced yesterday, and Australia liquefiednaturalgaslimited (hereinafter referred to as "LNG company") signed a share subscription framework agreement,　　Global project This subscription shares about the completion of the distribution of LNG company has issued 19.9% of common shares, the LNG company become the largest shareholder. Global projects do not belong to the listed companies, PetroChina has not disclosed the purchase amount. However, the move shows a trend: PetroChina has begun to pay close attention to international gas companies, driven by the huge demand for natural gas in China.　　This "concern" is not only the delivery of international gas to China so simple, acquisition and equity participation will be the future strategic line.　　Huge demand for imports is imperative although PetroChina has 80% of China's natural gas production and sales, and most of its gas pipeline operations and construction rights are in the hands, the country's growing demand for natural gas has forced it to further increase its overseas imports. In early January this year, the National Energy Work Conference reported that China's demand for natural gas would likely grow at a compound growth rate of 25% per cent a year, from 97 billion cubic meters in 2009 to 260 billion cubic metres in 2015.　　While domestic production will increase from 95 billion cubic meters to 170 billion cubic meters, there is a 90 billion cubic meter gap between demand and supply, making international import imperative. Since 2008, China has become a net gas importer. In the 11 months to 2010, China's natural gas imports are likely to rise by 269% per cent a year, estimated to be up to $15 billion trillion in domestic gas imports. China's LNG imports could account for about 13% of the overall supply.　　In addition, according to PetroChina earlier, China's natural gas supply in 2011 is likely to reach 130 billion cubic meters, will rise 20 billion cubic meters from 2010.　　In the phase of the acquisition of Australian Enterprises in PetroChina overseas distribution of one of the son. Just last March, PetroChina announced a joint takeover with Shell of Australia's Arrowenergy company, with a capital contribution of up to $3.5 billion. Arrowenergy's main business is coalbed gas development, power generation and liquefied natural gas production in eastern Australia and Asia.　　PetroChina plans to send half of its arrowenergy company to China.　　Yesterday, the global project to acquire the LNG company's shares of the move, PetroChina is the second direct foray into Australia's gas sector. There are many reasons to choose an Australian company as a takeover target. In China, the main suppliers of liquefied natural gas are Australia, Indonesia, Qatar and Malaysia. Australia has the largest share of imports.　　The introduction of more natural gas partners in Australia could stabilize China's future liquefied natural gas sources. Another important reason for Australian companies is that Australia's gas prices are cheaper than in other countries. Contract prices for countries such as QatarRelatively high, the news that Qatar's average price is 2.4 times times the benchmark price in China.　　China's gas prices will continue to rise sharply if they cannot be bought or contracted to get cheap gas prices. At present, the rising trend of China's natural gas price is basically determined.　　The National Development and Reform Commission in June 2010 upgraded domestic natural gas ex-factory prices, industrial and commercial users of natural gas consumption price up to the end of 2010, the estimated increase of 12%, residents of consumer gas consumption price rose by about 5%. CICC's research report showed that China's liquefied natural gas import price showed a soaring trend since October 2008, rising from 0.9 yuan/cu m to 1.7 yuan/CU m, an increase of nearly 100%.