antiterror13
Brigadier
Amazing ... investment of ~$150B ... gooosh, unbelievable achievement .... but but but .... "at what cost"
Chinese Economics Thread
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Amazing ... investment of ~$150B ... gooosh, unbelievable achievement .... but but but .... "at what cost"
$150BAmazing ... investment of ~$150B ... gooosh, unbelievable achievement .... but but but .... "at what cost"
antiterror13
Brigadier
Maybe India is doing it correctly. India has like 10,000 fragmented domestic markets.
Way to go India!
Jai Hind!
Keep this article away from reddit. But anyways, from what I know the social credit is used more for rating and ranking businesses right? Businesses that avoid taxes or commit fraud will be given a lower score. Unless this is for the customers, making the system similar to a credit score that banks give out.
Should be the case unless there's some changes or the likes.
A very rough/quick calculation - 20m cubic meters is roughly 2.3% of China's daily consumption of nat. gas.
Gas output in waters off Hainan hits high of 20m cubic meters/day, ensures security
By Global Times Published: Apr 10, 2022 07:25 PM
China National Offshore Oil Corp (CNOOC) has been stepping up oil and natural gas exploration to ensure domestic energy security, with the gas output of the energy station in the waters off South China's Hainan Province hitting a record high of 20 million cubic meters a day, data from the company showed on Sunday.
Liu Shujie, deputy manager of the Hainan branch of CNOOC, said that the group has built the largest offshore natural gas production facility in the Lingshui, Dongfang, Ledong, Yacheng and Wenchang waters off Hainan. The facility has 16 offshore platforms, three land processing terminals and numerous pieces of subsea production equipment, the Xinhua News Agency reported.
Aside from meeting gas demand for residential use and industrial production, the gas is also transmitted to places such as the Hong Kong Special Administrative Region and Zhuhai in South China's Guangdong Province via a 700-kilometer subsea pipeline to meet the needs of the Guangdong-Hong Kong-Macao Greater Bay Area, Liu said.
Deep Sea No.1, the country's first self-operated 1,500-meter deep-water gas field, located 150 kilometers off the city of Sanya in Hainan, started production in June 2021. It has been playing a positive role in driving up the province's economic growth.
The gas field is able to supply 10 million cubic meters a day, which means it has the capacity to provide 3 billion cubic meters of deep-water natural gas annually.
In the first two months of 2022, the added value of Hainan's petroleum and natural gas exploration industry skyrocketed 1,264.2 percent year-on-year, according to the Hainan statistics bureau.
Over the period, China's output of natural gas increased 6.7 percent year-on-year to 37.2 billion cubic meters, data from the National Bureau of Statistics (NBS).
With the growth of domestically produced gas, China's imports have fallen. In the first two months of 2022, gas imports slid 3.8 percent year-on-year to 19.86 million tons, according to the NBS.
Gas output in waters off Hainan hits high of 20m cubic meters/day, ensures security
By Global Times Published: Apr 10, 2022 07:25 PM
China National Offshore Oil Corp (CNOOC) has been stepping up oil and natural gas exploration to ensure domestic energy security, with the gas output of the energy station in the waters off South China's Hainan Province hitting a record high of 20 million cubic meters a day, data from the company showed on Sunday.
Liu Shujie, deputy manager of the Hainan branch of CNOOC, said that the group has built the largest offshore natural gas production facility in the Lingshui, Dongfang, Ledong, Yacheng and Wenchang waters off Hainan. The facility has 16 offshore platforms, three land processing terminals and numerous pieces of subsea production equipment, the Xinhua News Agency reported.
Aside from meeting gas demand for residential use and industrial production, the gas is also transmitted to places such as the Hong Kong Special Administrative Region and Zhuhai in South China's Guangdong Province via a 700-kilometer subsea pipeline to meet the needs of the Guangdong-Hong Kong-Macao Greater Bay Area, Liu said.
Deep Sea No.1, the country's first self-operated 1,500-meter deep-water gas field, located 150 kilometers off the city of Sanya in Hainan, started production in June 2021. It has been playing a positive role in driving up the province's economic growth.
The gas field is able to supply 10 million cubic meters a day, which means it has the capacity to provide 3 billion cubic meters of deep-water natural gas annually.
In the first two months of 2022, the added value of Hainan's petroleum and natural gas exploration industry skyrocketed 1,264.2 percent year-on-year, according to the Hainan statistics bureau.
Over the period, China's output of natural gas increased 6.7 percent year-on-year to 37.2 billion cubic meters, data from the National Bureau of Statistics (NBS).
With the growth of domestically produced gas, China's imports have fallen. In the first two months of 2022, gas imports slid 3.8 percent year-on-year to 19.86 million tons, according to the NBS.