A photo of China’s Tianjin LNG terminal. LNG

CNOOC heeds call to shore up winter gas supply

China’s biggest LNG importer is bulking up capacity at its only receiving terminal in the north to help cover strong regional demand this winter.

By Tang Tian 20 September 2017
LNG

Chinese trucked LNG sales receive boost

Sales were up by 13.18% at the Ningbo, Qidong and Tangshan terminals, although sales at Qingdao were down by 3.7%.

21 September 2017
LNG

Chinese LNG prices up as PetroChina cuts feedstock

Wholesale prices for Chinese ex-works LNG inched up last week as the market responded to reduced output.

20 September 2017
LNG

Asian spot LNG prices remain above $6/MMBtu

Asian spot LNG prices stayed above $6.00/MMBtu last week for the second week running, closing at $6.02/MMBtu on Friday.

19 September 2017
Global Markets

Huizhou distributors to face profit squeeze from tariff cuts

The city of Huizhou in China’s Guangdong province has cut the citygate price of gas by RMB 0.1 per cubic metre.

18 September 2017
Pipelines, Storage & Power

CACP supplies up 13% in 2017

The three Central Asia-China Pipelines transported 25.9 bcm of gas in the first eight months of 2017, up by 13.06%.

18 September 2017
CNOOC's Tianjin LNG terminal. LNG

LNG terminals to buttress north China supply security

Winter is coming, and for the gas market in northern China that means LNG terminals will play a key role in ensuring supply.

18 September 2017
Supply & Demand

China gas production increases to four-month high

China’s gas production expanded by 11.7% year on year in August to a four month-high of 12.0 billion cubic metres.

14 September 2017
Exploration & Production

CNPC and Eni to cooperate on E&P opportunities

China National Petroleum Corp. and Eni signed an agreement on Wednesday to cooperate on oil and gas exploration and production.

14 September 2017
LNG

Inventory-building to boost Chinese LNG prices

Strong demand driven by inventory-building will see Chinese ex-works LNG prices increase by an average of 3.92% week on week.

14 September 2017
The Shanghai skyline. LNG

China LNG plants to struggle with platform buying

Beijing wants more Chinese gas users to buy through trading platforms, but pipeline bottlenecks and prices are limiting the opportunities for LNG plants.

13 September 2017
LNG

Drop in pipeline gas and LNG trade on SHPGX

Pipeline gas transactions on the Shanghai Petroleum and Gas Exchange fell by 78 MMcm last week while LNG trades dropped by more than 6,500 tons.

13 September 2017
Exploration & Production

Changning shale block output hits 3.6 MMcm/d

PetroChina’s Changning shale gas block is supplying 3.6 MMcm/d to Sichuan province and Chongqing municipality in southwest China.

12 September 2017
Gas for Transport

China’s phase-out of fossil fuel cars will benefit gas – analyst

China’s plans to start phasing out cars that run on petrol and diesel will benefit the gas industry.

12 September 2017
Companies & Finance

Tariff cut to squeeze Shaanxi gas distributor’s profits

The gas distributor for the Chinese province Shaanxi expects profits to be squeezed by plans to cut tariffs.

12 September 2017
LNG

Asian LNG prices top $6/MMBtu ahead of winter

Spot LNG prices in Asia were supported last week by stockpiling in preparation for winter.

12 September 2017
Supply & Demand

PetroChina sells 197 MMcm to Yunnan in 2017

PetroChina sold 197 million cubic metres of gas in southern China’s Yunnan province in the first eight months of this year.

11 September 2017
Sinopec's Lichuan gas processing plant in Hubei province. Policy & Regulation

Winter chill to drive up China prices, imports

Chinese gas demand is surging under Beijing’s drive to clear the nation’s notoriously smoggy skies, which could put supplies under strain this winter.

11 September 2017
Pipelines, Storage & Power

Wen96 storage facility supplies China’s Henan province with 450 MMcm

Sinopec’s Wen96 underground gas storage depot has supplied 450 million cubic metres since it came online in September 2012.

8 September 2017
Supply & Demand

Chinese gas imports up by nearly 70% in August

China’s gas imports surged by 69.5% year on year in August, to 5.66 mt, the General Administration of Customs said on Friday.

8 September 2017
Supply & Demand

Southwest Oil & Gas output hits 15 bcm so far this year

PetroChina’s Southwest Oil & Gas Field subsidiary had produced 15 billion cubic metres of gas as of 5 September, equal to 72.3% of its 2017 target.

8 September 2017

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