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CNPC inks deal to build gas-fired power plants

CNPC plans to build a dozen additional gas-storage sites and expand LNG receiving capacity by 2020 to 19 million tonnes.

Hong Kong

CHINA National Petroleum Corp has signed a preliminary agreement with Russia's Gazprom PJSC to jointly develop gas-storage facilities and build power plants as China's biggest natural gas producer plans to expand use of the clean fuel.

Gazprom and CNPC will assess...