CNPC sees oil and gas output expand through BRI

China should actively expand cooperation with countries and regions participating in the Belt and Road Initiative in the oil and gas sector to provide more energy resources to the world and jointly safeguard global energy security, said a top company official.

China should continue strengthening cooperation and exchange with parties involved in the BRI in technological innovation, while exploring the potential for green and low-carbon cooperation, said Dai Houliang, chairman of China National Petroleum Corp, during the third Belt and Road Roundtable for Energy Cooperation held in Beijing on Thursday.

Policy communication and coordination should also be enhanced to jointly raise the level of global energy governance, promoting a fairer and open global energy governance system, he said.

CNPC has seen its oil and gas output in countries and regions participating in the BRI exceed 80 million metric tons for the fourth consecutive year last year, with combined annual oil and gas trade volume reaching 250 million tons.

Cooperation in oil and gas sectors has not only improved China's capability to ensure domestic energy security, but also driven the economic growth of the countries where the resources are sourced, it said.

CNPC currently operates 51 oil and gas cooperation projects in 19 BRI countries and its overseas operations have also seen major breakthroughs in recent years, it said.

zhengxin@chinadaily.com.cn