A meeting of SHPGX personnel. The exchange has not lived up to expectations. (Shanghai Oil and Gas Trading Centre) Global Markets

China’s Henry Hub hopeful fizzles in 2016

Trading on the Shanghai Petroleum and Gas Exchange, China’s hoped-for equivalent of the Henry Hub, remained limited last year.

Commuters in the Beijing smog. China is increasing its use of gas to combat air pollution. (Gazprom) Global Markets

Experts give mixed outlook on China’s gas demand

Estimates for how much China’s gas consumption will rise by in 2017 vary widely, ranging from a modest uptick to double-digit growth.

Companies & Finance

Shenzhen Gas increases 2016 revenue by 6.8%

Shenzhen Gas Group boosted its 2016 revenue by 6.8% year on year, to RMB 8.51 billion.

11 January 2017
Exploration & Production

Sinopec’s Yuanba field production hits 4.16 bcm

Sinopec’s Yuanba gas field in southwest China’s Sichuan Basin has produced a cumulative 4.16 billion cubic metres of gas since it came online in December 2014.

11 January 2017
LNG

Chinese LNG sales look local as holiday approaches

LNG plants in northern and northwestern China are favouring sales to local buyers as the Lunar New Year approaches, leading to some supply tightness.

11 January 2017
LNG

CNOOC diverts LNG cargoes following pipeline fire

China National Offshore Oil Corp. diverted two LNG cargoes from the Tianjin terminal after a pipeline fire in the area.

10 January 2017
LNG

Bad weather still hampering Chinese LNG delivery

Severe smog in Hebei closed motorways and affected LNG deliveries from Shaanxi last week, while heavy snow curbed deliveries from Inner Mongolia.

10 January 2017
Companies & Finance

CNPC’s southwestern branch signs SPAs for 8.6 bcm

China National Petroleum Corp.’s gas sales branch for southwestern China has signed sales and purchase agreements to supply 8.6 billion cubic metres.

9 January 2017
Supply & Demand

PetroChina’s Daqing oilfield produces 3.77 bcm in 2016

PetroChina’s Daqing oilfield produced 36.35 mt of crude oil and 3.77 billion cubic metres of gas in 2016.

9 January 2017
LNG trailers supplied by Chart Industries to China’s Hanas Group. (Chart Industries) LNG

Fuel switching buoys China trucked LNG logistics

Business for Chinese LNG delivery firms picked up in 2016 as a result of stronger demand driven by factories switching away from coal.

9 January 2017
Pipelines, Storage & Power

China planning major green energy drive over next three years

China is looking to achieve a greener energy mix by 2020 by using more renewables and gas and by reducing the country’s overall energy use.

6 January 2017
Policy & Regulation

China releases 13th Five-Year Plan for Energy Development

China’s National Energy Administration held a press conference on Thursday for the release of the 13th Five-Year Plan for Energy Development.

5 January 2017
Pipelines, Storage & Power

Central Asia-China Pipeline sends 6 bcm since November

The Central Asia-China Pipeline network transmitted 6 billion cubic metres of gas to China between the start of November 2016 and 3 January 2017.

5 January 2017
A shale gas liquefaction plant in Sichuan. China’s gas use may peak before 2040. (Jereh Oilfield Services) Supply & Demand

China’s gas demand may top out by mid-century

Growth in Chinese gas consumption is set to be limited by the rise of solar and wind power as China switches to a greener, low-carbon energy mix.

5 January 2017
Exploration & Production

Guizhou establishes research base for unconventional gas

Southwest China’s Guizhou province established an engineering research centre for the exploration, development and utilisation of unconventional gas at the end of 2016, according to the provincial government.

4 January 2017
Exploration & Production

PetroChina pumps 2.5 bcm of shale gas from Sichuan in 2016

PetroChina produced 2.5 billion cubic metres of shale gas from southwest China’s Sichuan Basin in 2016, the company’s parent, China National Petroleum Corp., said on Tuesday.

4 January 2017
LNG

Smog and snow cut Chinese LNG deliveries

Wholesale LNG prices at Chinese plants fell in December, as low visibility from smog and snowfall in northern China reduced the rate of deliveries.

4 January 2017
An ENN Energy LNG refilling station in Jiangsu province. The expansion of China’s network has slowed. (Interfax) Gas for Transport

Shaky Chinese economy slows gas use in transport

Slow growth of both China’s economy and its refuelling network has been has been turning users away from using gas for transport.

3 January 2017
LNG

Chinese LNG imports hit record 2.66 mt in November

A cold snap in northern China drove the country’s LNG imports to a record 2.66 mt in November, with cargoes landing at all of China’s 13 operational terminals.

3 January 2017
Policy & Regulation

CNPC implements market-focused reforms

China National Petroleum Corp. has implemented guidelines on reforms for a market-oriented economy and mixed ownership.

22 December 2016
Policy & Regulation

Chinese policymakers plan to increase clean energy use

China plans to increase its use of clean energy, including gas, for heating in northern regions to reduce smog and improve the energy mix.

22 December 2016
Supply & Demand

Nanjing gas consumption to hit 280 MMcm over heating season

Nanjing, capital of Jiangsu province, is expected to consume 280 million cubic metres of gas during this heating season.

21 December 2016

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