Development of CNPC’s Overseas New Energy Business under the Trend of Energy Transition

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Abstract Under the carbon neutrality goal, energy transition has become a global consensus. As traditional oil and gas operations face increasing pressure, international oil companies are intensifying their efforts towards low-carbon and zero-carbon initiatives, advancing towards green and low-carbon enterprises. To align with the global energy transition trend, CNPC’s overseas operations need to actively adapt to new circumstances, seize opportunities in the green transition, accelerate its pace, and adjust its business layout. This article has reviewed and analyzed the new energy resource endowments and development policies of CNPC’s five major overseas cooperation zones, and has proposed differentiated new energy development strategies for overseas cooperation zones according to local conditions and category-based policies, providing support and reference for the development of overseas new energy business.

Published: 13 January 2025

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http://www.coag.com.cn/EN/ OR http://www.coag.com.cn/EN/Y2024/V31/I4/20

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