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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
Companies & Finance

High-end China driller poised for share price boost

Anton Oilfield Services Group suspended trading on the Hong Kong Stock Exchange on Monday, pending an announcement that could trigger a boost in share price for the horizontal driller.

14 May 2012
Pipelines, Storage & Power

Sinopec’s Yulin-Jinan Gas Pipeline transmits 4 bcm to date

The Yulin-Jinan Gas Pipeline (YJGP) appears to be meeting the expectations of owner-operator Sinopec. The trunk line, built with a designed annual transmission capacity of 4 billion cubic metres, has conveyed 4.04 bcm of gas since entering operations in October 2010, Sinopec said in a newsletter on Thursday.

11 May 2012
Exploration & Production

Difficulties could derail China’s shale ambitions

While the Chinese leadership has trumpeted the potential of its vast unconventional resource base – a tune that some foreign majors have been happy to echo – some sceptical voices have also emerged.

11 May 2012
Exploration & Production

CNPC’s Jilin oilfield on track to meet output targets

Jilin oilfield in the resource-rich Songliao Basin of Jilin Province produced 801 million cubic metres (MMcm) of gas in the first four months of the year, China National Petroleum Corp. (CNPC), the oilfield’s operator, said in a statement issued on 10 May.

10 May 2012
Policy & Regulation

CNOOC chairman blurs line between business and policy

China National Offshore Oil Corp. (CNOOC) chairman Wang Yilin waded into the heated debate over the disputed South China Sea on Wednesday, saying CNOOC would “strive to protect the nation’s offshore oil interests”, as he inaugurated China’s first deep-sea drilling operation with a domestically manufactured rig.

10 May 2012

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