China Energy Giant ‘Confident’ U.S. Energy Ties Set to Deepen

  • CNPC Chairman Wang Yilin comments during interview Monday
  • China-Russia natural gas pipeline should start in 2019: Wang
CNPC’s Wang discusses China-U.S. energy ties, the Aramaco IPO, and the proposed Russia-China natural gas pipeline.(Source: Bloomberg)
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The head of China’s largest natural gas importer believes the country’s energy ties with the U.S. are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets.

“There is more room for cooperation than confrontation between China and the U.S.,” China National Petroleum Corp. Chairman Wang Yilin said Monday in an interview with Bloomberg TV on the tropical island of Hainan, where he was attending the Boao Forum for Asia. “I hope our cooperation with U.S. partners won’t be negatively affected by the trade disputes, I’m confident our cooperation will only get better and closer.”