sources say petrochina company produce about 1.6 billion cubic meters of yes this year, -- gas this year, which is one billion short of the target. they are also said to be about 30% below capacity. singapore's iconic hotel being picked up by europe's biggest hotel operator. they have clinched a cash and .hares deal worth $2.9 billion this is a big deal. it is.r: this will allow them to expand the table. there are moving more into the luxury segment. they already own things like soft retail. now they have brands like was -- swiss hotel, fairmont, and iconic offerings. yvonne: what is driving this activity? reporter: they really want to expand new offerings to fight airbnb,etitors, like which is not even listed yet. but they have a valuation more than double what starwood is worth, a company that has been around for a long time. , especiallye people young people, are choosing airbnb. they see it as a threat. yvonne: what else could be a target? reporter: a lot of companies are out there. people have named hiett -- hyatt, starwood, reportedly. if they don't do a deal, they can become a tar