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PetroChina fined $12mn
July 27, 2018
Source: Reuters

PetroChina fined $12mn

Following an anti-trust violation over the sale of CNG, the State Administration for Market Regulation has imposed a $12.35 million fine on PetroChina’s Daqing gas sales units. The Daqing gas sales division had entered into a market monopoly agreement with 13 suppliers of compressed natural gas across various Chinese cities. Lower domestic gas supplies have forced LNG prices to climb higher in the country.

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