Chinese companies have spent $24.6bn on overseas oil and gas acquisitions so far this year, accounting for a fifth of deal activity in the sector over the period, according to analysis prepared for the Financial Times.
The figures underline the increasing scale of the acquisition spree Chinese groups have embarked on to secure supplies.
China’s energy demand has doubled since 2000 and the country overtook the US to become the largest energy user this summer, according to the International Energy Agency.
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