Research Report On China Natural Gas Industry?006

CHAPTER 2 NATURAL GAS RESERVES AND OUTPUT IN CHINA 6
SECTION I  NATURAL GAS RESERVES IN CHINA 6
I Natural Gas Reserves in China from 2000 to 2004 6
II Natural Gas Reserves in Sinkiang Autonomous Region of China 6
III Natural Gas Reserves in Ordos Basin 7
IV Natural Gas Reserves in Sichuan Basin 7
V Natural Gas Reserves in the East China Sea 8
VI Natural Gas Reserves in Yinggehai Basin 8
VII Oversize Natural Gas Field Is Discovered in Daqing City, Which Becomes the Fifth Largest Natural Gas Field in China. 8
SECTION II THE OUTPUT OF NATURAL GAS IN CHINA 8
I The Output Growth of Natural Gas in China from 2003 to 2005 8
II Analyzing the Output Concentration of China’s Natural Gas Enterprises from 2003 to 2005 9
III Geographic Structure of Natural Gas Output in China from 2003 to 2005 11
IV Analyzing the Natural Gas Output of Top Enterprises in China from 2003 to 2005 14

CHAPTER 3 THE APPLICATION AREA OF NATURAL GAS IN CHINA 17
SECTION I THE POSITIONING OF NATURAL GAS IN CHINA 17
I Positioning in Cities and Countryside 17
II Positioning in Different Regions 18
III Positioning in Different Application Areas 19
IV Conclusions about Consumption Positioning 22
SECTION II URBAN MARKET OF NATURAL GAS 23
I The Status Quo of Urban Market of Natural Gas 23
II LPG takes an important role in urban fuel. 24
III Natural Gas Changes Gas Delivery Structure of Urban Fuels 24
IV Development Environment of Fuel Industry in Urban Areas 25
V Capital Enters into Fuel Industry of China’s Urban Areas. 26
SECTION III ELECTRICITY GENERATION WITH NATURAL GAS 28
I Four Characteristics of Electricity Generation with Natural Gas 28
II Policies Concerned with Electricity Generation with Natural Gas 31
III The Application Areas Where Electricity Can Be Generated With Natural Gas 32
IV Market Risks of Generating Electricity with Natural Gas 34
SECTION IV NATURAL GAS APPLICATION IN CHEMICAL INDUSTRY 35
I The General Situation of Natural Gas Application in Chemical Industry in China 35
II The Status Quo of Natural Gas Application in Chemical Industry in China 35
III The Prospect of Natural Gas Application in Chemical Industry 36
IV Risks of Natural Gas Application in Chemical Industry 37
SECTION V NATURAL GAS AUTOMOBILE 37
I THE STATUS QUO OF NATURAL GAS AUTOMOBILE 37
II The Classification of Natural Gas Automobiles 37
III Advantages of Substituting Petrol (or diesel oil) with Natural Gas 38
IV Dongfeng Natural Gas Automobiles are in industrialization. 38
V Difficulties and Problems in Developing NGV Automobiles 39
SECTION VI PREDICTION OF DEMAND FOR OIL AND NATURAL GAS IN CHINA IN 2006 39

CHAPTER IV FOREIGN LNG MARKET 41
SECTION I THE STATUS QUO AND OUTLOOK OF FOREIGN LNG MARKET 41
I Development History of LNG industry in the world 41
II NECESSITIES TO DEVELOP LNG INDUSTRY 41
III Enlargement of LNG Transportation Capability in the World 42
SECTION II LNG MARKET IN ASIA-PACIFIC REGION 44
I The Production of LNG in Asia-Pacific Region from 2000 to 2004 44
II The Situation of LNG Bases in countries of Asia-Pacific Region 45
III LNG Consumption in Asia-Pacific Region 46
IV LNG Import and Export In Asia-Pacific Area 47
V LNG TERMINAL CONSTRUCTION IN ASIA-PACIFIC REGION 49

CHAPTER 5 CHINA’S LNG MARKET 51
SECTION I CHINA’S LNG MARKET 51
I R&D Capabilities of China’s LNG Factories 51
II LNG Receiving Terminals in China 51
III LNG Transportation in China 52
IV LNG Development Plan in China 53
SECTION II OPPORTUNITIES AND CHALLENGES IN LNG INDUSTRY 55
I Evolution of LNG Supply Chain 55
II Threats and Opportunities 56
III The Influence of a Supply Chain Structure 56

CHAPTER 6 REGIONAL MARKET OF NATURAL GAS 57
SECTION I SICHUAN PROVINCE NATURAL GAS MARKET 57
I Natural Gas Reserves in Sichuan Province 57
II Natural Gas Production in Sichuan Province from 2003 to 2005 57
II Natural Gas Market in Sichuan Province 59
IV Status Quo of Natural Gas Pipeline Network in Sichuan Province and Chongqing Municipal 63
SECTION II NATURAL GAS MARKET IN SINKIANG 64
I Natural Gas Reserves in Sinkiang 64
II Natural Gas Output in Sinkiang from 2003 to 2005 64
III Natural Gas Application in Sinkiang 65
IV Natural Gas Pipeline Construction in Sinkiang 66
SECTION III NATURAL GAS MARKET IN SHANXI 66
I Natural Gas Reserves in Shanxi Province 66
II Natural Gas Output in Shanxi Province from 2003 to 2005 66
III Natural Gas Pipeline Network Construction in Shanxi 67
IV Development Planning of Natural Gas Industry in Shanxi Province 68
SECTION IV NATURAL GAS MARKET IN BEIJING 69
I Natural Gas Consumption in Beijing 69
II Natural Gas Pipeline Construction in Beijing 71
III The Monopoly of Natural Gas Pipeline Construction Has Been Broken. 72
IV Substitute Manufactured Gas with Natural Gas in Beijing 73
SECTION V NATURAL GAS MARKET IN TIANJIN 73
I Natural Gas Application in Tianjin in 2004 73
II Natural Gas Output in Tianjin from 2003 to 2005 73
III Natural Gas Pipeline Construction in Tianjin 74
SECTION VI NATURAL GAS MARKET IN NORTHEAST OF CHINA 75
I Natural Gas Consumption in Northeast of China 75
II Natural Gas Output in Heilongjiang Province from 2003 to 2005 76
III Natural Gas Output in Liaoning Province from 2003 to 2005 77
IV Natural Gas Output in Jilin Province from 2003 to 2005 78
V Analyzing Potential Demand for Natural Gas in Northeast of China 79
VI Russian Natural Gas pipelines arrive at Northeast of China directly. 82
SECTION VII NATURAL GAS MARKET IN SHANGHAI 82
I Natural Gas Output in Shanghai from 2003 to 2005. 82
II Energy Consumption and Natural Gas Consumption Planning in Shanghai 83
III Construction and Planning of Natural Gas Pipelines in Shanghai 84
IV Natural Gas Market in Shanghai Is Bound to Enlarge. 84
V Natural Gas Consumers and Natural Gas Replacement in Shanghai 85

CHAPTER 7  PRICING AND POLICIES IN NATURAL GAS MARKET 86
I  Regulations on Natural Gas Price 86
II Investment and Operation of Natural Gas Pipelines 87
III Policies Allow Foreign and Private Capitals to Invest in Natural Gas Industry 87
IV Franchising in Privatization of Public Utilities 87

CHAPTER 8  INDUSTRIAL MARKET COMPETITION IN CHINA 89
SECTION I  SITUATION OF FOREIGN CAPITALS?ENTRY INTO CHINA AND THEIR STATEGIES 89
I The Status Quo of International Petroleum and Chemical Corporations?Entry into China 89
II Strategies of International Petroleum & Oil Corporations When They Enter into China’s Market 91
SECTION II COMPETITION AMONG DOMESTIC PETROLEUM CORPORATION 93
I Natural gas become an apple in the eye of domestic petroleum corporation 93
III BP and Shell Intend to Enter into Shanghai Natural Gas Market 94
IV China Petroleum & Chemical Corporation and China National Offshore Oil Corporation are engaged in delivering natural gas into Beijing. 95
V Shell’s Natural Gas Strategy in China 96
SECTION III  ANALYZING NATURAL GAS INDUSTRY CHAIN OF CHINA 98
I Analyzing Natural Gas Industry Chain of China 98
II Delivery Methods of Natural Gas Transaction 98
III Take or Pay Contract in Natural Gas Transaction 99
IV Analyzing Risks in Natural Gas Industry Chain 100

CHAPTER 9 TOP NATURAL GAS ENTERPRISES 104
SECTION I CHINA NATIONAL PETROLEUM CORPORATION 104
I Exploration and Exploitation Business of China National Petroleum Corporation from 2001 to 2004 104
II Natural Gas Business of China National Petroleum Corporation (CNPC) in 2004 105
III Operation of CNPC’s Southwest Oil & Gas Field Subsidiary 106
IV.  The Changqing Oil Field of China National Petroleum Corporation 109
V. Talimu Oil field Company 20003-2005 111
VI. Sinkiang Oil Field Filiale of China National Petroleum Corporation 2003-2005 114
SECTION II CHINA PETROLEUM & CHEMICAL CORPORATION (SINO-PEC) 116
I Natural Gas & Oil Exploration and Exploitation of China Petroleum & Chemical Corporation from 2002 to 2004 116
II LNG Projects of China Petroleum & Chemical Corporation 117
III Operation of Zhongyuan Oil Field Subsidiary 118
IV. Shengli Oil Field 2003-2005 120
V. Northwest Petroleum Bureau 2003?005 122
VI. Henan Petroleum Prospecting Bureau 124
SECTION III CHINA NATIONAL OFFSHORE OIL CORPORATION (CNOOC) 125
I A Brief Introduction of China National Offshore Oil Corporation (CNOOC) 125
II Operation & Exploration of CNOOC 126
III The Operation in Zhanjiang Branch of CNOOC from 2003 to 2005 128
IV. Tianjin Filiale of China National Offshore Oil Corporation (CNOOC) 130
SECTION IV SHANGHAI PETROLEUM & NATURAL GAS CORPORATION 132
I A Brief Introduction of Shanghai Petroleum & Natural Gas Corporation 132
II Production of Shanghai Petroleum & Natural Gas Corporation from 2003 to 2005 133
III Operation and Sales of Shanghai Petroleum & Natural Gas Corporation from 2003 to 2005 134
SECTION V CHONGQING DINGFA INDUSTRIAL CORPORATION 135
I A Brief Introduction of Chongqing Dingfa Industrial Corporation 135
II Natural Gas Production in Chongqing Dingfa Industrial Corporation 135
III Operation Performance of Chongqing Dingfa Industrial Corporation from 2003 to 2005 136

CHAPTER 10 ANALYZING DEVELOPMENT STRATEGIES IN CHINA’S NATURAL GAS INDUSTRY 138
SECTION I DEVELOPMENT STRATEGIES IN NATURAL GAS INDUSTRY 138
I Strategic Objective 138
II Strategic Direction 139
III Strategic Principles 139
IV The Keystone of the Strategies 139
SECTION II FACTORS INFLUENCING THE DEVELOPMENT OF NATURAL GAS INDUSTRY 139
I Coordinative development of the Natural Gas Industry’s Upstream, Middle-stream and Downstream Business 139
II Natural Gas Market System Is not Perfect. 140
III Unreasonable Locations of Natural Gas Fields and Its Consumption Market 140
IV Management System and Regulations in Natural Gas Industry Are not complete. 141
SECTION III DEVELOPMENT TACTICS IN NATURAL GAS INDUSTRY 141
I Build New Values about Resources 141
II Construct Price Formation Mechanism 141
III Facilitate the construction and perfection of Entities in Natural Gas Industry 143
IV Enhance Co-ordination among Upstream, Middle-stream and downstream of the industry 143
V Invest More in Natural Gas Industry 143
VI Establish Complete Supervision Mechanism and Legislative System 143

CHAPTER 11 DEVELOPMENT TREND OF CHINA’S NATURAL GAS INDUSTRY 145
SECTION I DEVELOPMENT TREND OF CHINA’S NATURAL GAS INDUSTRY 145
I General Supply and Demand in China’s Energy Market in 2005 145
II The Bright Prospect of China’s Available Natural Gas Reserves 145
III Natural Gas Takes a small proportion in China’s Energy Consumption Structure 146
IV Improving Natural Gas Consumption Structure 147
V It Is Guaranteed to Accelerate the Development of China’s Natural Gas Industry 147
SECTION II RELATIONSHIPS OF NATURAL GAS WITH OTHER ENERGY SOURCES 148

CHAPTER 12 INVESTMENT OPPORTUNITIES FOR CHINA NATURAL GAS INDUSTRY 155
SECTION I ECONOMIC CHARACTERISTICS OF NATURAL GAS INDUSTRY 155
I Scale Economy 155
II Apparent Integrative Operation 155
III Natural Monopoly and Competitive Business Intercrossed 156
IV Apparent Effects of Technology Advancement 157
V High Requirements for Safety 157
SECTION II INVESTMENT ENVIRONMENT OF THE NATURAL GAS INDUSTRY 157
I Analyzing the Investment Conditions of the Petroleum& Petrifaction Industry 157
II Investment Prospect of the Natural Gas Industry 158
III The Application of Natural Gas is in the Introduction Stage 159
IV Lagging law Enacting Has Blocked the Industry Development 160
SECTION III ANALYZING THE INVESTMENT SCOPES OF NATURAL GAS 161
III Urban Natural Gas Pipeline Net 163
IV Electricity Generating through Natural Gas 166
SECTION IV ANALYZING THE INVESTMENT OPPORTUNITIES OF THE NATURAL GAS INDUSTRY IN CHINA 167
I Whole-Scope Opening outwards of China Natural Gas Industry 167
II Private Companies?Craze to Invest in Natural Gas 167
III Oil Price has Boosted the Popularity of Natural Gas Investment 168

CHAPTER 13  INVESTMENT RISKS OF CHINA NATURAL GAS INDUSTRY 170
SECTION I ANALYZING THE INVESTMENT RISK FACTORS OF THE NATURAL GAS INDUSTRY 170
I Risk Factors of Price Variations 170
II Risk Factors of Seasonal Variations 170
III Risk Factors of Special Assets 170
IV Risk Factors of Competitive Substitutes 172
V Structural Risk Factors 172
SECTION II ANALYZING THE PREVENTION MEASURES OF MARKET RISKS 173
I Downstream Markets are Encouraged by Policies 173
II Harmonious Advance of the Whole Industry Chain 173
III Focusing on Developing Large Users 174

APPENDIX I ANALYZING AND COMMENTING ON THE NATURAL GAS PRICE ADJUSTMENT ON DECEMBER 26 IN 2005 BY THE NATIONAL DEVELOPMENT& REFORM COMMITTEE 176
I Natural Gas Prices have been Increased by about 10%; the Pricing Tends to be Market Oriented 176
II The Natural Gas Price Adjustment is Beneficial to Oil Companies 177
III The Natural Gas Price Adjustment has Unclosed the Curtain of Price Reforms for the Resource Products; the Pricing System Reform of the Finished Oil is Doomed to Happen 179

Table Of Contents
TABLE 1  NATURAL GAS OUTPUT IN MAJOR COUNTRIES FROM 2001 TO 2004 2
TABLE 2  THE OUTPUT GROWTH CHART OF NATURAL GAS IN CHINA 9
TABLE 3  AN ANALYSIS TABLE OF NATURAL GAS OUTPUT CONCENTRATION IN CHINA FROM 2003 TO 2005 9
TABLE 4  AN ANALYSIS TABLE OF NATURAL GAS OUTPUT CONCENTRATION IN CHINA IN 2003 10
TABLE 5  AN ANALYSIS TABLE OF NATURAL GAS OUTPUT CONCENTRATION IN CHINA IN 2004 10
TABLE 6  AN ANALYSIS TABLE OF NATURAL GAS OUTPUT CONCENTRATION IN CHINA IN THE PERIOD FROM JANUARY TO SEPTEMBER OF THE YEAR OF 2005 11
TABLE 7  THE LIST OF NATURAL GAS OUTPUT IN EVERY PROVINCE OF CHINA FROM 2003 TO 2005 12
TABLE 8  THE PROPORTION CHART OF NATURAL GAS OUTPUT IN EVERY PROVINCE OF CHINA IN 2003 13
TABLE 9  THE PROPORTION CHART OF NATURAL GAS OUTPUT IN EVERY PROVINCE OF CHINA IN 2004 13
TABLE 10  THE PROPORTION CHART OF NATURAL GAS OUTPUT IN EVERY PROVINCE OF CHINA DURING THE PERIOD FROM JANUARY TO SEPTEMBER OF THE YEAR OF 2005 14
TABLE 11  THE OUTPUT OF THE TWO LARGEST NATURAL GAS CORPORATIONS FROM 2003 TO 2005 14
TABLE 12 THE LIST OF TOP TEN ENTERPRISES WITH LARGEST NATURAL GAS OUTPUT FROM 2003 TO 2005 15
TABLE 13 COMPARISON AMONG INVESTMENT RATIOS AND ENERGY CONSUMPTION RATIOS OF AMMONIA-SYNTHESIZING EQUIPMENTS USING DIFFERENT MATERIALS 21
TABLE14 THE UTILIZATION CONDITION OF FUEL GAS IN URBAN AREAS FROM 1998 TO 2004 23
TABLE 15  DIFFUSION RATE OF FUEL APPLICATION IN URBAN AREA OF CHINA FROM 2002 TO 2004 25
TABLE 16 COMPARING WASTES PRODUCED BY NATURAL GAS GENERATION PLANT AND COAL GENERATION PLANT 29
TABLE 17 COMPARISONS BETWEEN COST OF ELECTRICITY GENERATED WITH NATURAL GAS AND COST OF ELECTRICITY GENERATED WITH COAL 30
TABLE 18 OPERATION COST COMPARISON BETWEEN A PETROL AUTOMOBILE AND A NATURAL GAS ONE 38
TABLE 19 PREDICTION OF DEMAND FOR OIL AND NATURAL GAS IN CHINA IN 2006 40
TABLE 20  PREDICTION OF DEMAND FOR NATURAL GAS IN 2006 40
TABLE 21 COST ALLOCATIONS IN NATURAL GAS INDUSTRY CHAIN 42
TABLE 22 THE DISTRIBUTION AND QUANTITY OF COMPRESSED NATURAL GAS (CNG) AUTOMOBILES AND GAS FILLING STATION IN THE WORLD 42
TABLE 23 PREDICTION TO THE LNG DEMAND OF DIFFERENT COUNTRIES AND REGIONS 43
TABLE  24  CHANGES OF NATURAL GAS RESERVES AND OUTPUT IN ASIA-PACIFIC REGION FROM 2000 TO 2004 44
TABLE 25  THE REAL PRODUCTION CAPACITY AND ITS PREDICTION IN MAJOR LNG PRODUCING COUNTRIES IN ASIA-PACIFIC REGION 45
TABLE 26 MAJOR LNG EXPORTING COUNTRIES IN ASIA-PACIFIC AREA IN 2003 47
TABLE 27  MAJOR LNG IMPORTING COUNTRIES OR REGIONS IN ASIA-PACIFIC AREA IN 2003 48
TABLE 28  COMPARISONS ABOUT LNG IMPORT PRICE IN JAPAN AND EUROPEAN UNION FROM 1985 TO 2003 48
TABLE 29  FUTURE DEVELOPMENT OF CHINA’S LNG PROJECTS IN A FEW YEARS 54
TABLE 30  OUTPUT GROWTH CHART OF NATURAL GAS IN SICHUAN PROVINCE FROM 2003 TO 2005 58
TABLE 31  NATURAL GAS OUTPUT OF ENTERPRISES IN SICHUAN IN THE PERIOD FROM JANUARY TO SEPTEMBER, 2005 58
TABLE 32 GROWTH CHART OF NATURAL GAS OUTPUT IN SINKIANG FROM 2003 TO 2005 64
TABLE 33  A LIST OF SINKIANG NATURAL GAS ENTERPRISES?OUTPUT FROM JANUARY TO SEPTEMBER 2005 65
TABLE 34 GROWTH CHART OF NATURAL GAS OUTPUT IN SHANXI PROVINCE FROM 2003 TO 2005 67
TABLE 35  A LIST OF SHANXI NATURAL GAS ENTERPRISES?OUTPUT FROM JANUARY TO SEPTEMBER 2005 67
TABLE 36  NATURAL GAS SALES IN BEIJING FROM 1997 TO 2004 69
TABLE 37 GROWTH CHART OF NATURAL GAS OUTPUT IN TIANJIN FROM 2003 TO 2005 73
TABLE 38 A LIST OF TIANJIN NATURAL GAS ENTERPRISES?OUTPUT IN 2005 74
TABLE 39 CONSUMPTION OF GAS DELIVERED BY PIPELINE IN NORTHEAST OF CHINA IN 2001 75
TABLE 40  NATURAL GAS OUTPUT GROWTH IN HEILONGJIANG PROVINCE FROM 2003 TO 2005 76
TABLE 41  NATURAL GAS OUTPUT OF DAQING OIL FIELD IN HEILONGJIANG PROVINCE IN 2005 77
TABLE 42  NATURAL GAS OUTPUT GROWTH IN LIAONING PROVINCE FROM 2003 TO 2005 77
TABLE 43  NATURAL GAS OUTPUTS OF ENTERPRISES IN LIAONING PROVINCE IN 2005 78
TABLE 44  NATURAL GAS OUTPUT GROWTH IN JILIN PROVINCE FROM 2003 TO 2005 78
TABLE 45  NATURAL GAS OUTPUTS OF ENTERPRISES IN JILIN PROVINCE IN 2005 79
TABLE 46 NATURAL GAS PIPELINES IN PROVINCES OR MAJOR CITIES IN NORTHEAST OF CHINA 81
TABLE 47 EACH INDUSTRY’S DEMAND FOR NATURAL GAS IN IN NORTHEAST OF CHINA 81
TABLE 48 OUTPUT GROWTH CHART OF NATURAL GAS IN SHANGHAI FROM 2003 TO 2005 82
TABLE 49  OUTPUT CHART OF SHANGHAI PETROLEUM CORP., LTD FROM 2003 TO 2005 83
TABLE 50 BUSINESS PROGRESSES OF INTERNATIONAL PETROLEUM AND CHEMICAL CORPORATIONS IN CHINA 89
TABLE 51 DOMESTIC EXPLORATIONS AND OUTPUT OF CHINA NATIONAL PETROLEUM CORPORATION FROM 2001 TO 2004 104
TABLE 52  GROWTH CHART FOR SOUTHWEST OIL & GAS FIELD SUBSIDIARY NATURAL GAS OUTPUT FROM 2003 TO 2005 107
TABLE 53  INCOME STATEMENT OF SOUTHWEST OIL & GAS FIELD SUBSIDIARY NATURAL GAS OUTPUT FROM 2003 TO 2005 108
TABLE 54 PROFIT MARGIN GROWTH CHART OF SOUTHWEST OIL & GAS FIELD SUBSIDIARY NATURAL GAS OUTPUT FROM 2003 TO 2005 108
TABLE 55 THE NATURAL GAS OUTPUT INCREASING CHART OF CHANGQING OIL FIELD COMPANY 2003?005 110
TABLE 56  THE INCOME AND PROFIT TABLE OF CHANGQING OIL FIELD 2003?005 110
TABLE 57  THE PROFIT MARGIN INCREASING CHART OF CHANGQING OIL FIELD 2003?005 111
TABLE 58  THE OUTPUT INCREASING CHART OF NATURAL GAS IN TALIMU OIL FIELD 2003?005 112
TABLE 59  THE INCOME AND PROFIT TABLE OF TALIMU OIL FIELD 2003?005 113
TABLE 60 THE PROFIT MARGIN INCREASING CHART OF TARIM OIL FIELD COMPANY 2003?005 113
TABLE 61 THE NATURAL GAS OUTPUT INCREASING CHART OF SINKIANG OIL FIELD COMPANY 2003?005 114
TABLE 62  THE INCOME AND PROFIT TABLE OF SINKIANG OIL FIELD 2003?005 115
TABLE 63  THE PROFIT MARGIN INCREASING CHART OF SINKIANG OIL FIELD 2003?005 115
TABLE 64 EXPLORATIONS AND EXPLOITATION OF CHINA PETROLEUM & CHEMICAL CORPORATION FROM 2002 TO 2004 117
TABLE 65  NATURAL GAS OUTPUT CHART OF SINO-PEC ZHONGYUAN OIL & GAS HIGH-TECH CORP., LTD FROM 2003 TO 2005 118
TABLE 66 INCOME STATEMENT OF SINO-PEC ZHONGYUAN OIL & GAS HIGH-TECH CORP., LTD FROM 2003 TO 2005 119
TABLE 67 PROFIT MARGIN GROWTH CHART OF SINO-PEC ZHONGYUAN OIL & GAS HIGH-TECH CORP., LTD FROM 2003 TO 2005 119
TABLE 68  THE NATURAL GAS OUTPUT INCREASING CHART OF SHENGLI OIL FIELD 2003?005 120
TABLE 69  THE INCOME AND PROFIT TABLE OF SHENGLI OIL FIELD 2003?005 121
TABLE 70  THE PROFIT MARGIN INCREASING CHART OF SHENGLI OIL FIELD 2003?005 121
TABLE 71 THE NATURAL GAS OUTPUT INCREASING CHART OF NORTHWEST FILIALE OF SINO-PEC 2003?005 122
TABLE 72  THE INCOME AND PROFIT TABLE OF NORTHWEST FILIALE OF SINO-PEC 2003?005 123
TABLE 73 THE PROFIT MARGIN INCREASING CHART OF NORTHWEST FILIALE OF SINO-PEC 2003?005 123
TABLE 74 THE NATURAL GAS OUTPUT INCREASING CHART OF HENAN PETROLEUM PROSPECTING BUREAU OF SINO-PEC 2003?005 124
TABLE 75 THE INCOME AND PROFIT TABLE OF HENAN PETROLEUM PROSPECTING BUREAU OF SINO-PEC 2003?005 124
TABLE 76 THE PROFIT MARGIN INCREASING CHART OF HENAN PETROLEUM PROSPECTING BUREAU OF SINO-PEC 2003?005 125
TABLE 77    CNOOC’S PRODUCTION INFORMATION FROM 2001 TO 2004 127
TABLE 78  REVENUE AND EXPENSES LIST OF CNOOC FROM 2001 TO 2004 128
TABLE 79 NATURAL GAS OUTPUT CHART OF ZHANJIANG BRANCH OF CHINA NATIONAL OFFSHORE OIL CORPORATION 129
TABLE 80 INCOME STATEMENT OF ZHANJIANG BRANCH OF CHINA NATIONAL OFFSHORE OIL CORPORATION 129
TABLE 81   PROFIT MARGIN GROWTH RATE OF ZHANJIANG BRANCH OF CHINA NATIONAL OFFSHORE OIL CORPORATION 130
TABLE 82 THE NATURAL GAS OUTPUT INCREASING CHART OF TIANJIN FILIALE OF CHINA NATIONAL OFFSHORE OIL CORPORATION (CNOOC) 2003?005 131
TABLE 83 THE INCOME AND PROFIT TABLE OF TIANJIN FILIALE OF CHINA NATIONAL OFFSHORE OIL CORPORATION (CNOOC) 2003?005 131
TABLE 84 THE PROFIT MARGIN INCREASING CHART OF TIANJIN FILIALE OF CHINA NATIONAL OFFSHORE OIL CORPORATION (CNOOC) 2003?005 132
TABLE 85 NATURAL GAS OUTPUT GROWTH CHART OF SHANGHAI PETROLEUM & NATURAL GAS CORPORATION FROM 2003 TO 2005 133
TABLE 86  INCOME STATEMENT OF SHANGHAI PETROLEUM & NATURAL GAS CORPORATION FROM 2003 TO 2005 134
TABLE 87 NATURAL GAS OUTPUT OF CHONGQING DINGFA INDUSTRIAL CORPORATION 136
TABLE 88   PROFIT GROWTH OF CHONGQING DINGFA INDUSTRIAL CORPORATION FROM 2003 TO 2005 137
TABLE 89  PROFIT MARGIN CHART OF CHONGQING DINGFA INDUSTRIAL CORPORATION FROM 2003 TO 2005 137
TABLE 90  NATURAL GAS CONSUMPTION STRUCTURE IN CHINA  (%) 147
TABLE 91 COAL PRODUCTION GROWTH OF CHINA IN 1998-2004 149
TABLE 92 GROWTH DIAGRAM OF THE OIL PRODUCTION AND CONSUMPTION IN 2000-2004 150
TABLE93 NATURAL GAS PRODUCTION AND REAL PRICES OF THE THREE LARGE OIL COMPANIES 177
TABLE 94 EFFECTS ON THE THREE LARGE OIL COMPANIES OF THIS NATURAL GAS PRICE ADJUSTMENT IN 2006, ACCORDING TO THE SALES IN 2006 AND THE AVERAGE INCREASING OF 0.1 YUAN PER A CUBIC METER 179