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The same day that an escalation in U.S.-China trade tensions sent crude prices tumbling, Baker Hughes, a GE Company (BHGE) released updated rig numbers Friday showing a sizeable slowdown in the domestic onshore oil patch.

China’s city-gas distributor Shenzhen Gas is planning to begin importing natural gas this week at the Yantian port in Shenzhen through subsidiary Sino-Benny.

Russia’s largest independent natural gas producer Novatek has completed the sale of its remaining stakes in the Arctic 2 liquefied natural gas (LNG) project to two Chinese companies and a Japanese consortium.

China’s two largest exploration and production companies increased natural gas volumes in the first half of the year, in line with a government mandate to offset coal use.

After two years of trial shipments, British Columbia-based utility FortisBC has secured a modest overseas market toehold as a pioneer natural gas contract supplier for a Chinese trader.

While domestic liquefied natural gas (LNG) developers touted increased exports as a means of improving the country’s trade balance with China, industry experts told members of the U.S. Senate they have major concerns that business dealings with Beijing could undermine U.S. economic security.

China’s natural gas production increased 12.9% year/year in May to 14.4 billion cubic meters (bcm), according to data by the country’s National Bureau of Statistics (NBS).

Plentiful oil production growth from countries that are not members of the Organization of the Petroleum Exporting Countries (OPEC) should adequately supply “any likely level” of demand through 2020, helping to contain prices for consumers in a “vulnerable” global economy, according to the International Energy Agency (IEA).

As the international natural gas trade continues to develop, Asian economies will drive global demand growth over the next five years, according to a new report from the International Energy Agency (IEA).