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LNG

East China’s Hefei to build second LNG depot

Hefei Gas Group, a gas distributor in the eastern Chinese city of Hefei, will build a second LNG storage depot early next year, company President Wu Zhengya said in an interview with the state-run Jianghuai Daily.

28 August 2012
Policy & Regulation

Taiyuan in Shanxi hikes residential gas prices

Taiyuan, the capital of Shanxi province in central China, raised residential gas prices on Thursday for the first time in five years.

24 August 2012
Companies & Finance

Kunlun Energy doubles H1 profit and revenue

Kunlun Energy, a large Chinese gas distributor, more than doubled its net profit and revenue in the first half of 2012 from a year earlier, thanks to rapid growth in its gas business and buoyant global oil prices.

24 August 2012
Companies & Finance

Oilfield market growth lifts COSL’s profit

China Oilfield Services, the listed drilling unit of China National Offshore Oil Corp., posted double-digit growth in revenue and profit for the first half of the year amid strong Chinese demand for oil services and equipment.

23 August 2012
Companies & Finance

PetroChina’s gas business stumbles in Q2

PetroChina’s gas and pipeline business lost ground in the second quarter of 2012 (Q2) because of widening losses from sales of imported gas.

23 August 2012
Supply & Demand

China’s LNG imports rise 13% to 1.33 million tons in July

China imported 1.33 million tons (mt) of LNG in July, up by 12.62% from last year and an increase of 9.91% from June, figures released on Tuesday by the country’s General Administration of Customs (GAC) showed.

22 August 2012
Exploration & Production

Sinopec boosts gas output at Fushi 1 shale well

Shale gas output at Sinopec’s Fushi 1 shale well in Chongqing municipality reached a record 126 thousand cubic metres per day on 7 August, the country’s second-largest energy producer announced on Tuesday.

22 August 2012
Companies & Finance

CNOOC Ltd.’s H1 net profit tumbles by 19%

Shares of CNOOC Ltd. on the Hong Kong Stock Exchange closed down by nearly 3% on Tuesday, after the state-owned energy giant reported a 19% annual decline in first-half (H1) net profit.

21 August 2012
Pipelines, Storage & Power

Hebei gas grid to span province by 2015

A gas pipeline network in the northern Chinese province of Hebei will cover every county and more than 100 cities in three years, local media reported on Monday.

21 August 2012
Exploration & Production

Analysts unmoved by China’s latest shale gas auction delay

China's decision to delay its second tender for shale gas blocks came as no surprise to analysts, who expect further holdups as Beijing attempts to draft a viable strategy for tapping its vaunted shale resources.

21 August 2012
Supply & Demand

China’s gas consumption rises by 10.5% in July

China’s apparent gas consumption in July increased by 10.5% from last year to 11.4 billion cubic metres, the National Development and Reform Commission said on Monday.

20 August 2012
Companies & Finance

Renzhi Oilfield sees H1 operating profit rise by 25%

Sichuan Renzhi Oilfield Technology Services weathered higher operating expenses caused by rising labour and raw material costs to post a 25.44% annual increase in operating profit for the first half (H1) of 2012.

17 August 2012
Exploration & Production

Chongqing to be major player in second shale gas tender

Several shale gas blocks in the southwestern Chinese municipality of Chongqing are likely to go under the hammer at China’s second shale gas tender, Zhou Quan, head of energy at the National Development and Reform Commission’s Chongqing branch, told Interfax on Friday.

17 August 2012
LNG

Supply glut drives down homemade LNG prices in China

A glut of gas liquefaction capacity in China has sharply driven down the price of domestically-produced LNG in August, an energy consultancy told Interfax on Wednesday.

16 August 2012
Companies & Finance

China distributors buck economic slowdown to post profits

The earnings of China Oil and Gas Group (COG) and Shenzhen Gas showed strong growth in the first half (H1) of 2012, indicating that booming Chinese demand for gas is helping distributors shrug off a deepening economic slowdown.

16 August 2012
Exploration & Production

Delays cast doubt over China’s second shale gas auction

China has announced that it will postpone the second tender of its shale gas exploration rights until September.

15 August 2012
Supply & Demand

China’s gas production inches up in July

China’s gas production edged up by 0.6% from June to hit 8.25 billion cubic metres in July, according to figures released on Monday by the National Bureau of Statistics.

14 August 2012
LNG

Anhui JV to build $157 million LNG project

Anhui Province Guowan LNG has made a preliminary decision to build a gas liquefaction plant and LNG refilling stations in Anhui’s capital of Hefei, local media reported on Tuesday.

14 August 2012
Supply & Demand

Beijing and Shanghai see H1 gas consumption boost

Beijing and Shanghai recorded double-digit annual growth in gas consumption for the first half (H1) of 2012, in line with a central government drive to increase urban gas use significantly over the next few years.

13 August 2012
Supply & Demand

CNOOC’s Putian terminal imports 1.56 million tons of LNG

China National Offshore Oil Corp.’s (CNOOC’s) LNG receiving terminal in Putian city in Fujian province imported 1.56 million tons (mt) of LNG between January and July.

13 August 2012

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