How Are Texas Oil And Gas Cos. Faring In China?

Law360, New York (May 19, 2015, 11:28 AM EDT) -- China has long been a part of the global expansion plans of many oil and gas companies. The sheer size and growth in China's energy sector over the past few decades demands attention, as do the energy policies of the government of the People's Republic of China to influence the development of the energy sector. According to a U.S. Energy Information Administration February 2014 report,[1] China is the largest producer and consumer of coal in the world (accounting for approximately half of global coal consumption) and the second largest oil consumer in the world (after the United States). In 2011, coal supplied 69 percent of China's total energy consumption, followed by oil at 18 percent, hydroelectric sources at 6 percent, natural gas at 4 percent and nuclear power and other renewables each accounting for about 1 percent....

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