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Policy & Regulation

Jiangxi’s Ji’an city to slash gas prices by up to 43%

Jiangxi Province’s Ji’an City is planning to slash gas prices by up to 43%, the latest in a wave of price cuts across the province prompted by the arrival of pipeline gas from Central Asia.

24 May 2012
Exploration & Production

Shandong Energy CTG project moves closer to approval

China’s National Development and Reform Commission (NDRC) has designated Shandong Energy Xinwen Group’s 2 billion cubic metres per year coal-to-gas (CTG) project as a coal deep-processing demonstration project, Shandong Energy announced on Wednesday.

24 May 2012
Pipelines, Storage & Power

PetroChina opens door to private investment for WEP III

PetroChina is open to private investors funding construction of its third West-East Gas Pipeline (WEP III), Jiang Jemin, president of the company, said on Wednesday at an annual conference in Beijing.

23 May 2012
Supply & Demand

Hainan’s daily vehicular gas demand outstrips supply

Vehicular gas demand in China’s island province of Hainan has outstripped supply by 200 thousand cubic metres per day (Mcm/d) since January, the Hainan Daily reported on Tuesday.

23 May 2012
Exploration & Production

GreatPoint CTG technology heading to China

China’s search for a sustainable solution to converting its vast supplies of coal into gas received a boost this week, after China Wanxiang Holdings, an industrial conglomerate headed by entrepreneur Lu Guanqiu, finalised a deal with United States alternative energy startup GreatPoint Energy to build a coal-to-gas (CTG) plant in west China using

22 May 2012
Supply & Demand

China consumed 10.9 bcm of gas in April

China’s gas consumption in April increased by 13.1% from a year earlier to 10.9 billion cubic metres, the National Development and Reform Commission (NDRC) said in a statement issued on Monday.

22 May 2012
LNG

Hubei Energy earmarks $98 mln for gas business expansion

Hubei Energy Group will invest RMB 626 million ($98.96 million) in two gas projects in Hubei Province in anticipation of rising gas demand in central China.

22 May 2012
LNG

Towngas JV to develop LNG bunkering network in Jiangsu

Nanjing Towngas has signed a strategic agreement to promote use of LNG in Jiangsu Province’s inland water transportation sector, the Jiangsu branch of the Maritime Safety Administration announced on Monday.

21 May 2012
Exploration & Production

Experts downplay China’s shale gas prospects

China remains committed to tapping its considerable shale gas resources but will need to overcome formidable technical and regulatory hurdles to perform on a scale comparable to the United States’ shale gas industry, experts said at a conference in Shanghai on Thursday.

18 May 2012
Companies & Finance

Sinopec closes $257 mln debt package

China's state-owned Sinopec has closed a $257 million debt facility with 14 Asian banks, upscaled from its original target of $150 million.

18 May 2012
Supply & Demand

CNPC’s gas supply to Chongqing to reach 11 bcm/y by 2015

China National Petroleum Corp. (CNPC) will supply Chongqing Municipality with 11 billion cubic metres per year of gas by the end of 2015, Chongqing Economic Times reported on Wednesday.

17 May 2012
Policy & Regulation

China opens registration for second shale gas auction

After months of delays, China’s Ministry of Land and Resources (MLR) has opened registration for the country’s second shale gas exploration rights auction, although it has still not set a date for it.

17 May 2012
Pipelines, Storage & Power

Jiangsu eyes 1.82 bcm of gas for power during peak period

Jiangsu Province estimates that it will require 1.82 billion cubic metres of gas for power generation during the peak summer consumption season, which runs from 15 June to 15 September, an official with the Jiangsu Energy Bureau (JEB) confirmed to Interfax on Tuesday.

16 May 2012
LNG

PetroChina signs on to jointly develop Canadian LNG project

PetroChina, the listed arm of China National Petroleum Corp. (CNPC), has agreed to jointly develop a long-awaited LNG project in Western Canada, alongside Shell Canada, Kogas and Japan’s Mitsubishi, PetroChina announced on Wednesday.

16 May 2012
LNG

Shanghai to import 3 million tons of LNG in 2012

Shanghai is forecast to import 3 million tons of LNG in 2012 with the bulk of imports coming from Malaysia, the local Jiefang Daily reported on Tuesday.

16 May 2012
Companies & Finance

China Resources Gas bulks up distribution portfolio

China Resources Gas (CR Gas), a unit of state-owned China Resources Holdings, announced on Wednesday it would acquire AEI China Gas, a smaller rival in China’s gas distribution sector.

16 May 2012
Supply & Demand

WEP II gas may lower costs for Shenzhen Gas

Shanghai Stock Exchange-listed Shenzhen Gas has been receiving gas destined for Shenzhen City from China National Petroleum Corp.’s (CNPC's) second West-East Pipeline (WEP II) since 10 May, the local gas distributor said in a 12 May filing with the Shanghai Stock Exchange.

15 May 2012
Pipelines, Storage & Power

Guangzhou primed for gas-fired power project

Pending a second environmental impact study by the Guangzhou Environmental Protection Bureau (EPB), Guangdong Yudean Group will begin retrofitting Guangzhou’s thermal power plants to become gas-fired distributed power cogeneration facilities.

15 May 2012
Supply & Demand

Hotan River gas field to bump up annual production capacity

The Hotan River gas field in the Xinjiang Uyghur Autonomous Region plans to increase annual production capacity from 438 million cubic metres (MMcm) to one billion cubic metres by the end of 2013, Ren Nijun, a spokesmen for PetroChina Tarim Oilfield, told Interfax on Tuesday.

15 May 2012
Policy & Regulation

China Natural Gas and executive charged with fraud

Following several ongoing legal disputes between individual investors and China Natural Gas, the United States Securities and Exchange Commission (SEC) has charged the company and a company executive with fraud, the regulatory body said in a statement on Monday.

15 May 2012

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