China's oil, gas sector seen at 'critical juncture'

China's oil and natural gas sector is at a "critical juncture" in its development, according to views presented Oct. 5 by partners of international law firm Fulbright & Jaworski LLP.The country's regulations for oil and gas have been rationalized, and its national oil companies are well-settled and exerting themselves in the marketplace, Fulbright partners said.Acknowledging that its domestic supply cannot catch growing demand for energy, China has placed a heavy emphasis on imports, particularly natural gas. Proposals include cross-border pipelines and LNG terminals."The ultimate utilization of gas in China will be constrained only by the development of the infrastructure to rece...

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