Yao Wei, with PetroChina pipeline company, says China is expected to add 100,000 kilometres of new pipelines over the next decade — a big chunk of which PetroChina will build.
That's more than double the length of pipe that has been built in China since the 1970s.
While that's a big opportunity, Yao says there's a lack of technology, robust regulation and qualified talent to keep up with the huge growth.
Yao made his remarks through a translator to a packed luncheon at the International Pipeline Conference in Calgary.
He did not take questions, or discuss Chinese investment in Canada, such as another Chinese company's pending $15.1-billion offer for Calgary-based Nexen Inc. (TSX:NXY)
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