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Pipelines, Storage & Power

CNPC to invest $1.26 billion to expand Chongqing gas grid

China National Petroleum Corp. (CNPC) will invest RMB 8 billion ($1.26 billion) on a major expansion of Chongqing Municipality’s gas supply infrastructure, local media reported on Friday.

2 July 2012
Companies & Finance

Chinese gas stocks exit second quarter on low note

Chinese gas stocks ended the second quarter of 2012 in worse shape than the first, continuing to shed gains made earlier in the year.

29 June 2012
Companies & Finance

Profits up 52% at takeover target China Gas Holdings

China Gas Holdings underscored its value as a takeover target for state-owned Sinopec and ENN Energy Holdings on Thursday, after results showed a surge in annual profits because of connection fees and growth in piped gas sales.

29 June 2012
LNG

Kunlun Energy to increase number of LNG filling stations

Kunlun Energy plans to have 1,515 LNG refilling stations across China over the next three years, a 10-fold increase from the company’s present number of facilities, Kunlun President Zhang Bowen told delegates at a conference in Beijing on Thursday.

28 June 2012
Policy & Regulation

Ningxia hikes residential gas prices

The Ningxia Hui Autonomous Region in west China will raise residential gas prices by a uniform RMB 0.23 ($0.04) per cubic metre (cm) from 1 July, the Ningxia Pricing Bureau (NPB) said in a news bulletin on Wednesday.

28 June 2012
Companies & Finance

ENN Energy unlikely to raise China Gas bid as deadline looms

ENN Energy Holdings has shown little sign it plans to raise its bid for rival gas distributor China Gas Holdings ahead of a shareholder vote on the proposed takeover next Friday, despite indications China Gas shareholders will reject the HK$16.7 billion ($2.2 billion) deal.

28 June 2012
Pipelines, Storage & Power

WEP II to begin supplying Zhejiang in July - report

Zhejiang, an affluent province on China's east coast, will begin receiving Central Asian gas from China National Petroleum Corp.'s (CNPC’s) second West-East Gas Pipeline (WEP II) in July, local newspaper Morning Post reported on Wednesday.

27 June 2012
Exploration & Production

State fund ploughs $4.7 bln in Chongqing shale gas and coal projects

China's largest state-owned investment firm, the State Development & Investment Corp. (SDIC), has stepped into the country's shale sector with a RMB 30 billion ($4.7 billion) investment in shale gas and coal projects in Chongqing municipality.

27 June 2012
LNG

CNOOC boosts interest in LNG shipping industry

China National Offshore Oil Corp. (CNOOC) has expanded its reach in the LNG supply chain by purchasing stakes in five small-sized LNG shipping firms.

26 June 2012
LNG

Hunan’s Changsha brings second LNG storage depot online

Changsha ENN Gas, the primary gas distributor for Changsha in Hunan province, has put its second LNG storage depot into operation after three months of pre-commission checks, the company said in a news bulletin issued on Monday.

26 June 2012
Supply & Demand

Gas to take up 12.5% of Shaanxi energy mix by 2015

Shaanxi Province, a major gas production base in central China, is aiming for natural gas to meet 12.5% of local energy demand by 2015, according to a five-year energy development blueprint released last week.

25 June 2012
Supply & Demand

China gas consumption in May up month-on-month

China’s natural gas consumption in May increased month-on-month for the first time this year, growing by 3.67% from April to 11.3 billion cubic metres.

25 June 2012
Companies & Finance

Fu Chengyu’s full court press

When Sinopec Chairman Fu Chengyu went missing a few days ago, NBA fans spotted him in the front row of the finals, cheering on the Oklahoma City Thunder alongside Chesapeake Energy executives.

22 June 2012
Companies & Finance

Sinopec eyeing Chesapeake assets

Sinopec appears to be getting ready to purchase assets from Chesapeake Energy, as the American company comes under pressure to fill a gap in cash generation. Progress is unclear, however, as is the final form the acquisitions would take.

21 June 2012
Supply & Demand

China’s LNG imports rise by 18% in May

China’s LNG imports in May grew at the slowest annual rate so far in 2012, rising by 17.76% from a year earlier to 1.14 million tons (mt), according to data released by the General Administration of Customs on Thursday.

21 June 2012
Policy & Regulation

Hainan links retail vehicular gas price to gasoline

China’s island province of Hainan has linked gas prices for vehicles to the cost of gasoline, a move intended to help ease severe vehicular gas shortages and to comply with a policy unveiled by Beijing two years ago.

21 June 2012
Exploration & Production

Datang starts construction of SNG control centre

Datang Energy Chemical, a unit of state-owned power producer China Datang, has started building a control centre to manage the flow of synthetic natural gas (SNG) from two major coal-to-gas (CTG) projects in northern China, according to an announcement by Datang Energy on Thursday.

21 June 2012
Companies & Finance

Shanxi miner puts CBM-powered truck fleet to work

Jincheng Anthracite Mining Group (JAMG), China’s largest CBM producer, has put a fleet of 30 CBM-fuelled heavy duty trucks into operation, the official People’s Daily reported on Tuesday.

20 June 2012
Exploration & Production

CNOOC and Primeline renew partnership in East China Sea

Following the success of their Lishui 36-1 (LS36-1) offshore gas project, China National Offshore Oil Corp. (CNOOC) and UK-based independent Primeline Energy Holdings have renewed a production sharing contract (PSC) for the offshore Block 33/07 in the East China Sea.

20 June 2012
Policy & Regulation

China releases private investment guidelines for oil and gas

China is attempting to boost private sector participation in the domestic oil and gas industry to accelerate development of the country’s vast unconventional gas resources – a move modelled on the development of the United States’ shale gas industry.

19 June 2012

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