Supply & Demand

Beijing confident on winter gas supply

Beijing Enterprises Holdings does not expect China’s capital to face gas shortages this winter as China National Petroleum Corp. has pledged to ensure supply.
By Staff reporter 4 September 2017 0 27437

Beijing Enterprises Holdings (BEH), the parent of Beijing Gas Group, does not expect China’s capital to face gas shortages this winter as China National Petroleum Corp. has pledged to ensure gas supply, BEH’s vice president, Zhi Xiaoye, said at a press conference last week.

BEH may buy no more than two LNG cargoes this winter to supplement piped gas supply compared with 10 last winter.

The company will build eight storage units in the port of Jingtang, each of which will be capable of storing...