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Sales fall at China's trucked LNG facilities

CNOOC's Tianjin terminal sold 20 fewer tanker trucks per day in January than it did in December, with sales falling by 27 at Ningbo and 13 at Beihai.

14 February 2019
Fuling shale gas field Exploration & Production

China hopes for shale gas boom after large find

China's shale gas production could be set for growth that will help stem the country's surging demand for imports.

14 February 2019

Chinese ex-works prices drop sharply in January

The average ex-works price for Chinese LNG fell by 24% in January 2019 from December 2018.

13 February 2019

Asian spot LNG prices drop nearly 7.4% in January

Buyers have been purchasing less LNG in expectation of a decline in heating-related demand in February and March.

12 February 2019
A meeting at the SHPGX Global Markets

Shanghai exchange still playing minor role in China’s gas demand

The SHPGX continued to meet only a small proportion of China’s gas demand last year despite a record volume of the fuel changing hands on the platform.

7 February 2019

Sinopec Tianjin terminal takes China’s trucked LNG top spot

A terminal owned by a company other than CNOOC sent out the most truckloads of LNG last week for the first time in over 18 months.

7 February 2019
CNOOC's LNG-fired power plant in Huizhou Daya Bay Petrochemical Industrial Park, Guangdong Policy & Regulation

Guangdong works to lower gas costs

The southern Chinese province has resorted to cutting pipeline and distribution tariffs to push end-user gas costs down as it looks to lift lagging residential and industrial gas demand.

7 February 2019

Sharp drop for Chinese LNG prices

The average ex-works price of LNG produced in China fell by nearly 15% last week, to its lowest level for nearly four months.

6 February 2019

Asian spot LNG prices fall for sixth week

Spot prices closed the week at $7.21/MMBtu, their lowest level since April 2018.

5 February 2019
CNOOC ship containing 130 LNG containers. LNG

Chinese player to import containerised LNG from Japan

Small volumes of LNG will start to be shipped inside containers from Japan to China this year following a deal between two companies that will test Chinese interest in the distribution method.

31 January 2019

Tianjin terminal clear winner in Chinese LNG sales

CNOOC's Tianjin LNG terminal sold the most truckloads of LNG among the Chinese terminals last week by a wide margin.

31 January 2019
A Chinese gas storage facility Pipelines, Storage & Power

Sichuan to work with PetroChina on UGS facilities

Sichuan, which boasts abundant gas resources but scant storage capacity, has enticed PetroChina into helping develop underground storage in the province by offering to share the cost.

31 January 2019

Chinese ex-works LNG price hits six-week low

Industrial activity in China has weakened ahead of next week's Lunar New Year holiday, prompting LNG producers to cut their prices.

30 January 2019

Asian spot LNG prices flat week on week

Prices closed last week at an average of $8.11/MMBtu, which was the same as the previous week but down from $10.5/MMBtu a year ago.

29 January 2019
Construction on the Power of Siberia pipeline. (Gazprom) Supply & Demand

LNG expands dominance of China’s gas import mix

LNG extended its lead over pipeline volumes in China’s import mix for the third consecutive year last year, but the trend may soon start to be reversed.

28 January 2019
A CNOOC offshore rig Companies & Finance

CNOOC eyes higher capex spend to boost output and reserves

China’s main offshore oil and gas producer is likely to meet or even exceed its capital expenditure budget for 2019 as it responds to political pressure to increase output.

25 January 2019
The Datang Fuxin CTG plant Exploration & Production

Chinese SNG struggles with shaky fundamentals

China’s first coal-to-SNG projects have run up deep losses since they started coming online six years ago, which is likely to dim long-term prospects for the technology.

24 January 2019

CNOOC's Tianjin terminal sells 383 truckloads of LNG per day

China National Offshore Oil Corp.’s Tianjin facility sold the most truckloads of LNG among Chinese terminals last week.

24 January 2019

Chinese LNG plants cut prices ahead of Lunar New Year

Thirty-seven plants reduced their prices by an average of 2.45% last week to boost sales in advance of the public holiday.

23 January 2019

Asian spot LNG prices continue to decline

Spot LNG prices in Asia fell by 4.8% last week and were down by one-quarter from a year earlier.

22 January 2019

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