When the first gas from CNOOC Ltd’s new ultra-deep field in the South China Sea started flowing in late June to the world’s largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China’s gas drive. For CNOOC (0883.HK) , the output from one of Asia’s deepest gas fields proved the company had the engineering chops to complete its first wholly-owned project on schedule and make significant strides towards its target of gas making up half its output portfolio by 2035, from 21% currently. read more For China, the tapping of major gas reserves within its own waters supported its plan to use natural gas as a ‘bridge fuel’ that will […]