Sinopec will diversify its investments by expanding into city gas distribution. (Interfax) Global Markets

Sinopec preps for downstream city gas expansion

China’s second largest gas producer is preparing to expand down the industry chain into city gas distribution as it seeks to grow its gas business.

By Tang Tian 16 August 2017
Exploration & Production

CNOOC Ltd. lowers 2011 production target by 6.67%

CNOOC Ltd., the listed arm of China National Offshore Oil Corp. (CNOOC), has lowered its 2011 production target by 6.67% due to the shutdown of its Penglai 19-3 oilfield and a delay in its bid to purchase a stake in Argentina's second largest oil and gas producer Pan American Energy (PAE), the company said at a press conference in Hong Kong on 24 A

25 August 2011
Exploration & Production

Xishan Coal Electricity plans JV with Qinshui Lanyan CBM

Shenzhen Stock Exchange-listed Shanxi Xishan Coal and Electricity Power plans to establish a joint venture with Qinshui Lanyan Coalbed Methane to develop coal bed methane assets in Shanxi Province, Xishan Coal and Electricity announced on the Shenzhen bourse on 24 August.

25 August 2011
Companies & Finance

CR Gas sells 3.4 bcm of natural gas in H1

Hong Kong Stock Exchange-listed China Resources Gas Group (CR Gas), a unit of China Resources Holdings, sold 3.4 billion cubic metres (120 billion cubic feet) of natural gas in China during the first half of the year (H1), up 45% year-on-year, the firm announced on 23 August.

24 August 2011
Policy & Regulation

Shale gas to be classified as an independent mineral resource

China's Ministry of Land and Resources (MLR) plans to classify shale gas as an independent mineral resource in a bid to accelerate development of the unconventional gas sector, according to a report the ministry released on 22 August.

24 August 2011
Exploration & Production

Sichuan faces 4.5 bcm shortfall of natural gas in 2011 despite increased production

West China's Sichuan Province is facing a natural gas shortage of approximately 4.5 billion cubic metres (159 billion cubic feet) this year, the Sichuan arm of the National Development and Reform Commission (NDRC) said on 24 August.

24 August 2011
Exploration & Production

Luojiazhai gas field forecast to produce 3 bcm of natural gas annually by 2012

The Luojiazhai Gasfield in Chongqing Municipality is expected to produce 3 billion cubic metres (106 billion cubic feet) of natural gas per year once it goes online in 2012, state media reported on 22 August.

23 August 2011
Exploration & Production

Jiangxi Province breaks ground on $781 mln natural gas complex

East China's Jiangxi Province has broken ground on a RMB 5 billion ($781 million) natural gas complex in northern Jiujiang City, the Jiangxi arm of the National Development and Reform Commission (NDRC) told Interfax on 23 August.

23 August 2011
Exploration & Production

China's energy giants to expand deep-water exploration

China National Offshore Oil Corp. (CNOOC) will put a RMB 6 billion ($937.69 million) semi-submersible drilling platform into operation before the end of the year, a CNOOC official said at an industry forum on 22 August.

23 August 2011
Exploration & Production

CNPC expands CBM production capacity in Shanxi

China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, has expanded coal-bed methane (CBM) production capacity by 500 million cubic metres (17.7 billion cubic feet) in Shanxi Province's Qinshui Basin, the company said in a statement released on 22 August.

22 August 2011
Policy & Regulation

China to offer VAT rebates on natural gas imports

China plans to grant value added tax (VAT) rebates to gas projects approved by the National Development and Reform Commission (NDRC), the Ministry of Finance (MOF) announced on 22 August.

22 August 2011
Supply & Demand

China's July LNG imports surge in July, up 66% year-on-year

China imported 1.18 million tons of LNG in July, up 66.10% year-on-year, according to figures released by the General Administration of Customs on 22 August.

22 August 2011
Pipelines, Storage & Power

Sichuan's largest gas storage depot goes online

Sichuan Province's largest natural gas depot went online on 21 August in the north-eastern city of Guangyuan, state media reported on 22 August.

22 August 2011
Exploration & Production

Tarim Oilfield supplies 10 bcm of natural gas to WEP I since January

The Tarim Oilfield in west China's Xinjiang Uyghur Autonomous has supplied 10 billion cubic metres (353 billion cubic feet) of natural gas to the West-East Natural Gas Pipeline (WEP I) since the beginning of the year, according to statistics released by pipeline operator China National Petroleum Corp. (CNPC) on 19 August.

19 August 2011
Exploration & Production

Xinjiang's Kuche County outputs 3.68 bcm in first seven months

Kuche County in western China's Xinjiang Uyghur Autonomous Region produced 3.68 billion cubic metres of natural gas in the first seven months of the year, up 23.3% on an annualised basis, state media reported on 16 August.

19 August 2011
Exploration & Production

Sebei gas field supports local methanol production

The Sebei gas field, located in Qinghai Province's Chaidamu Basin, has boosted local methanol production capacity to one million tons annually, the Qinghai government said on 18 August.

19 August 2011
LNG

CNPC's Rudong LNG terminal throughputs 560,000 cm since May

China National Petroleum Corp.'s Rudong LNG terminal in eastern China's Jiangsu Province has throughput 560,000 cubic metres (20 million cubic feet) of LNG principally sourced from Qatar since going online in May this year, state media reported on 18 August.

18 August 2011
Pipelines, Storage & Power

Datang Power breaks ground on a coal-derived gas pipeline

Datang International Power Generation Co. Ltd (Datang Power) has begun construction on a RMB 1.79 billion ($280 million) coal-derived gas pipeline network in north-east China's Liaoning Province, the firm announced on 16 August.

18 August 2011
Exploration & Production

CNPC discovers 600 bcm of shale gas reserves in Sichuan province

China National Petroleum Corp. (CNPC) has discovered 600 billion cubic metres (21 trillion cubic feet) of shale gas reserves in Yibin City's Junlian County, Sichuan Province, state media reported on 18 August.

18 August 2011
LNG

CNOOC enters EPC contract for Hainan LNG storage tanks

China National Offshore Oil Corp. (CNOOC), China's third largest oil and gas producer, has signed engineering, procurement and construction (EPC) contracts with three engineering firms for LNG storage tanks at its LNG terminal on the southern island province of Hainan, the firm announced on 17 August.

18 August 2011
LNG

China shipping firm commissions four LNG vessels

China Shipping Development (CSDC), a state-owned company specialising in oil, coal and iron ore transport, is entering the LNG shipping business, the company announced on 16 August.

17 August 2011

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