A truck carrying an ISO-size LNG tank. (Chart) LNG

Container LNG cargoes expand China’s import options

The lowest spot LNG prices in years have made containerised LNG a workable option for China's budding small-scale importers.

By Tang Tian 26 June 2017
Supply & Demand

Chongqing consumption up nearly 10% in 2017 so far

Chongqing in China consumed 4.07 billion cubic metres of gas in the first five months of 2017, a year-on-year increase of 9.3%.

27 June 2017
Supply & Demand

Chinese gas demand could grow 3% by 2030 – report

China’s gas demand could rise by more than 3% per year on average until 2030, while grow in western countries could fall below 1%, the Chinese Academy of Social Sciences has claimed.

27 June 2017
Policy & Regulation

Jilin capital to cut retail gas prices by RMB 0.04/cm

Changchun, the capital of China’s Jilin province, will cut non-residential retail gas prices by RMB 0.04 per cubic metre from 1 July.

27 June 2017
LNG

Asian spot LNG prices continue to slip

Average spot prices for LNG imported by Japan, South Korea, China and Taiwan fell by 0.92% last week from the previous week.

27 June 2017
Pipelines, Storage & Power

Sichuan-Shanghai pipeline ships 6.5 bcm so far this year

Sinopec’s Sichuan-Shanghai Pipeline had supplied 6.5 billion cubic metres of gas this year as of 21 June, the company said.

23 June 2017
Policy & Regulation

China caps gas transmission investment yields at 7%

China has set a cap on investment yields for downstream gas transmission at 7% – higher than the expected 6% but lower than the current average of 10%.

23 June 2017
Companies & Finance

China Gas Holdings reveals plan to boost urban sales by 30%

China Gas Holdings aims to increase urban gas project sales by more than 30% on an annual basis in the current financial year and by more than 25% in the next two financial years.

22 June 2017
Exploration & Production

China extracts 235 Mcm from methane hydrate deposits

China has extracted about 235 thousand cubic metres of gas from methane hydrates in the Shenhu area of the South China Sea since mid-May, beating expectations

22 June 2017
LNG

Gas-fired power demand boosts Chinese LNG sales

Several of China's LNG terminals ramped up sales last week to meet increased gas-fired power demand.

22 June 2017
Inside WEP II. China’s oil and gas majors must separate out their pipeline businesses. (CNPC) Policy & Regulation

China treading cautiously on oil and gas reforms

China’s recently released guidelines for oil and gas reform have been criticised for failing to move the needle, but one expert argues they’ve fulfilled their purpose.

21 June 2017
LNG

Chinese plants cut LNG prices to reduce stockpiles

Chinese ex-works LNG prices averaged RMB 3,017/t last week, down by 1.53% from the previous week as 26 plants cut their asking prices to reduce stockpiles.

21 June 2017
Exploration & Production

China’s WEP I linked to Shanxi CBM field

China’s first West-East Pipeline has been linked to a CBM field owned by Kunlun Energy in Yonghe county in Shanxi province.

20 June 2017
Exploration & Production

China CBM production up by 3.2% over first five months of year

China increased its CBM output by 3.2% year on year in the first five months of 2017, to 3.16 billion cubic metres.

20 June 2017
LNG

Asian spot LNG prices fall after five weeks of gains

Asian spot LNG prices fell by 1.08% last week compared with the previous week, to $5.44/MMBtu.

20 June 2017
Exploration & Production

China’s Dongsheng field output up to 700 Mcm/d

A Sinopec exploration and production subsidiary in northern China has increased output at the Dongsheng gas field to 700 Mcm/d.

19 June 2017
Exploration & Production

Honghua subsidiary makes shale deal with Sinopec company

Honghua Group has said its Sichuan Honghua Electric subsidiary has entered into a strategic agreement with Sinopec’s East China Oil & Gas subsidiary regarding shale gas exploration.

19 June 2017
China Gas’s LNG bunkering station in Chongqing. (China Gas Holdings) Gas for Transport

China Gas preps bunker station in tough market

The major Chinese gas distributor is gearing up to commission its first onshore LNG bunkering station, but it may struggle to convince shipowners to make use of the facility.

19 June 2017
Supply & Demand

Output from CNPC’s Amu Darya project hits 60 bcm

China National Petroleum Corp.’s Amu Darya River Gas subsidiary has supplied 60 billion cubic metres of gas to China since its project in Turkmenistan went online at the end of 2009.

16 June 2017
Pipelines, Storage & Power

Hubei Energy signs deal to build new gas-fired power plant

Hubei Energy, the gas distributor for central China’s Hubei province, has signed a framework agreement to build a gas-fired power plant in the provincial capital, Wuhan.

16 June 2017
LNG

Tianjin LNG sales up on regional power demand

China’s Tianjin LNG terminal increased its daily sales last week to 150 trucks in response to growing gas-to-power demand.

15 June 2017

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