PetroChina aims to have oil, gas, and green energies to each account for a third of its portfolio by 2035, it said on Thursday, as the Chinese oil major shifts toward a lower-carbon future. For PetroChina, Asia’s largest oil and gas producer, natural gas currently accounts for about 47% of total output and oil the rest. It is at the early stages of developing renewables. “Our capital spending will increase progressively on green energies,” said chairman Dai Houliang. In addition to expanding natural gas production, PetroChina is zeroing in on geothermal, solar, and wind power, by adding renewable projects in 2021 with a total capacity of 3.45 million tonnes of standard coal equivalent. It also has 350,000 tonnes of standard coal equivalent projects under construction. PetroChina posted an […]