GlobalData’s latest thematic report, Impact of China on Oil & Gas suggests that China’s large domestic demand for oil and gas, and heavy dependency on imports, makes it one of the most lucrative markets for the global oil and gas industry.
China has started altering its national energy strategy to achieve the dual objective of reducing carbon emissions and ensuring energy sufficiency for domestic consumption. The country, which already exerts a considerable influence on global geopolitics, is attempting to further expand its geopolitical reach to secure oil and gas supply. The Belt and Road Initiative (BRI) introduced by the Chinese government is largely aimed at increasing commodity trade, especially in oil and gas, enabling Chinese companies to make strategic investments in oil and gas projects around the world.
Diversified Gas & Oil Plc (DGOC) owns and operates gas and oil producing wells in the Appalachian Basin in the United States. The Company’s operations are based in the neighbouring states of Pennsylvania, Ohio and West Virginia, which cover part of the largest and oldest hydrocarbon producing field in the US, known as the Appalachian Basin.