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Project Insights

PetroChina targets growth in Fujian’s gas market

PetroChina is constructing more pipeline infrastructure in Fujian and wants to develop an LNG terminal in the province, as it looks to increase sales in the price-deregulated coastal market PetroChina is constructing more pipeline infrastructure in Fujian and wants to develop an LNG terminal in the province, as it looks to increase sales in the price-deregulated coastal market.
By Tang Tian 30 May 2019 Asia Pacific / Supply & Demand 0 34264
CNOOC’s LNG terminal in Putian city of Fujian province. (CNOOC)

The key issue: PetroChina sold 270 MMcm of gas in the Chinese coastal province of Fujian in the first four months of 2019, putting this year’s sales on track to surpass the 706 MMcm sold in 2018.

Interfax analysis: PetroChina is seeking a swift increase in gas sales in Fujian as it embarks on a construction spree to boost its supply infrastructure in the province. The NOC already supplies Fujian through its third West-East Pipeline (WEP 3) and is looking to ramp up its presence...