An LNG bunkering station in Chongqing. Players in the sector are scaling back their ambitions. (China Gas Holdings) Gas for Transport

Major players pull back from China LNG bunkering

Early entrants to China’s LNG bunkering market are retreating from the sector, stung by a lack of appetite for LNG as a marine fuel.

By Li Xin 26 April 2017
LNG

CNOOC’s Jieyang LNG terminal receives commissioning cargo

CNOOC’s newest LNG terminal – in Jieyang of Guangdong province – received a 90,000-ton commissioning cargo from Qatar on Tuesday, marking the start of trial operations.

26 April 2017
LNG

Supply glut weighs on Chinese LNG prices

Chinese wholesale LNG prices fell by 2.21% last week as soft industrial demand caused an excess in supply.

26 April 2017
Global Markets

Chongqing Q1 gas demand up 11%

Chongqing consumed 2.4 billion cubic metres of gas in the first quarter of 2017, up by 10.6% year on year.

25 April 2017
LNG

Ningbo LNG terminal imports hit 7 mt

CNOOC’s Ningbo LNG terminal in Zhejiang province has received 7 mt of fuel since it came online in September 2012.

25 April 2017
LNG

Northeast Asian spot LNG prices continue to slide

Spot LNG prices in Northeast Asia fell by 1.12% last week from the previous week to average $5.24/MMBtu on 21 April.

25 April 2017
Pipelines, Storage & Power

Shandong Gas Pipeline has shipped 20 bcm since 2003

Sinopec has said that its Shandong Gas Pipeline Co. subsidiary has supplied 20 billion cubic metres of gas since it was established in 2003.

24 April 2017
Yang Hua resigned as chief executive of CNOOC Ltd 10 months after his appointment. (Interfax) Companies & Finance

CNOOC chief’s resignation surprises industry

CNOOC Ltd’s chief executive, Yang Hua, has resigned to the surprise of industry observers, who expected him to remain at the explorer for some time.

24 April 2017
Supply & Demand

Southern Chinese gas demand hits 22.1 bcm in 2016

The southern Chinese provinces of Guangdong, Guangxi, Yunnan, Guizhou and Hainan consumed a total of 22.1 billion cubic metres of gas in 2016.

21 April 2017
Policy & Regulation

China cuts VAT on gas

China will cut VAT for gas from 13% to 11% from 1 July as part of efforts to reduce the tax bills of companies, according to the State Council.

21 April 2017
Exploration & Production

Sinopec flows 191.5 Mcm from Fuling shale well

Sinopec has flowed 191,500 cubic metres from the Jiaoye 90-2HF well in the Fuling shale gas field.

19 April 2017
Policy & Regulation

China due to announce city gas reforms – Citi Research

China’s State Council is likely to announce reforms to the city gas sector within the next month, according to Citi Research.

19 April 2017
Exploration & Production

CNOOC to offer 22 offshore blocks for joint cooperation

China National Offshore Oil Corp. will make 22 offshore blocks covering an area of 4.72 million hectares available for joint cooperation with foreign companies.

19 April 2017
An LNG filling station in Jiangsu. China’s network of facilities to cater for NGVs is fragmented. (Interfax) Gas for Transport

Chinese NGVs need more policy support

China’s fragmented LNG service station network is just one of the barriers preventing greater uptake of the fuel on the country’s roads.

19 April 2017
LNG

Chinese LNG prices edge downwards

Chinese wholesale LNG prices fell by 1.86% last week from the previous week as producers cut prices to compete with imported cargoes.

19 April 2017
Exploration & Production

CNOOC and Husky sign PSC for Pearl River block

China National Offshore Oil Corp. has signed a production-sharing contract with Canada’s Husky Energy for Block 16/25 in China’s Pearl River Mouth Basin.

18 April 2017
LNG

Shenzhen LNG terminal passes inspection, completes construction

CNOOC’s Shenzhen LNG terminal has passed an inspection by the company’s engineering construction department, marking the completion of construction.

18 April 2017
Global Markets

China beats energy intensity reduction target

China’s energy intensity – the amount of energy consumed per unit of GDP – fell by 3.8% year on year in the first quarter of 2017.

18 April 2017
Exploration & Production

Chinese shale gas output growing in 2017

China increased its shale gas output in the first quarter of 2017 by 17.4% year on year, to 2.67 bcm, while production in March alone surged by 50.4%.

18 April 2017
Work proceeds on the Datang Fuxin coal-to-gas plant in Inner Mongolia. (Fuxin government) Exploration & Production

China warms to CTG to boost energy security

After cooling on the controversial process in 2014-2015, it seems coal-to-gas is back on the agenda for Beijing.

18 April 2017
LNG

Asian spot LNG prices hit six-month low

Asian spot LNG prices fell by 3.1% last week from the previous week and hit $5.27/MMBtu on 14 April – their lowest level since October 2016.

18 April 2017

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