What Does The New Silk Road Mean For Oil And Gas? [GGP]

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..the overarching theme of the 2019 International Petroleum, Technology Conference (IPTC) being hosted in Beijing this week

executives from China National Petroleum Corporation (CNPC) and Saudi Aramco—the conference’s two major sponsors and hosts—shed light on how they expect the arrangement to unfold in the years to come during IPTC’s opening sesssion.

Wang Yilin, the chairman of CNPC and IPTC’s honory chairman…. two sides to the coming change… The first is a call for hydrocarbon producers to take part in the development of low-carbon alternatives to oil and gas, while the other will demand that these producers continue to increase supplies of fossil fuels to meet the world’s rising demand….

An excerpt from NGW