Ge Long Hui·2025-11-04 02:53Core Viewpoint - China National Petroleum Corporation (CNPC) is significantly advancing its natural gas business and expanding its renewable energy initiatives, aiming for a balanced energy portfolio by 2050 [1] Group 1: Natural Gas Development - CNPC is increasing its exploration and development efforts in natural gas, leading to a sustained growth in domestic natural gas production [1] - The share of natural gas in the company's total oil and gas equivalent production has exceeded 50% for four consecutive years [1] Group 2: Renewable Energy Initiatives - The company is actively developing renewable energy, focusing on geothermal, wind, and solar energy integration [1] - CNPC's renewable energy capacity is projected to reach 7% this year, with a goal to achieve an equal distribution among oil, gas, and renewables by 2035 [1] - By around 2050, the company aims for renewable energy to constitute half of its total energy output, working towards the vision of a "Green CNPC" [1]