China

LNG

Chinese LNG prices down as demand softens

Ex-works prices at Chinese LNG plants fell by 1.85% last week amid softer demand.

18 April 2018
Supply & Demand

Chinese gas output growing slowly while imports jump

China produced 13.5 billion cubic metres of gas in March, an increase of 0.4% year on year, with production averaging 440 million cubic metres per day

17 April 2018
Exploration & Production

Longwangmiao production exceeds 30 bcm

China National Petroleum Corp. has extracted 30 billion cubic metres of gas from the Longwangmiao formation since 2012

17 April 2018
Exploration & Production

AAG Energy’s CBM output up 29% in Q1 2018

AAG Energy Holdings increased its CBM output by 29% year on year in the first quarter of 2018, to 2.04 million cubic metres per day.

17 April 2018
Supply & Demand

Tarim Oilfield’s output passes 300 mtoe

PetroChina’s Tarim Oilfield company has produced more than 300 mtoe of oil and gas since it was established in 1989

17 April 2018
LNG

Asian spot LNG prices rise after seven-week decline

Asian spot LNG prices gained 1.84% last week after having declined every week for the past seven weeks.

17 April 2018
LNG

CNOOC’s Zuhai LNG terminal sells 515,000 tons of gas in Q1 2018

China National Offshore Oil Corp.’s LNG terminal in Zhuhai sold 515,000 tons of gas in the first quarter of 2018, an increase of 133% year on year

13 April 2018
Supply & Demand

Changqing Oilfield produces 10.7 bcm so far this year

PetroChina’s Changqing Oilfield subsidiary has produced 10.7 billion cubic metres of gas this year as of 8 April

13 April 2018
Exploration & Production

Daqing oilfield produces 1.22 bcm in Q1 2018

CNPC’s Daqing oilfield produced 1.22 billion cubic metres of gas in the first three months of 2018, up by 13.3% year on year

12 April 2018
Exploration & Production

PetroChina subsidiary produces 5.89 bcm in Q1

PetroChina’s Southwest Oil & Gasfield subsidiary produced 5.89 billion cubic metres of gas in the first quarter of 2018, up by 4.2% year on year

12 April 2018
LNG

CNOOC to auction up to two LNG cargoes from Ningbo on SHPGX

China National Offshore Oil Corp. will auction one or two LNG cargoes from its Ningbo terminal for delivery in July and November

12 April 2018
LNG

CNOOC’s Tianjin terminal receives 17th shipment of 2018

China National Offshore Oil Corp.’s Tianjin LNG terminal received its 17th shipment of 2018 on 4 April

12 April 2018
LNG

Growth in Chinese LNG output set to cut prices

China’s LNG output is forecast to be 31,618 tpd this week, which could lead to price cuts of nearly 1.9%

12 April 2018
Exploration & Production

Fuling shale output hits 2.5 bcm over winter

Sinopec’s Fuling shale gas field produced 2.50 bcm of gas this past winter and sold 2.40 bcm.

11 April 2018
Global Markets

Sinopec subsidiary eyes US copper

Sinopec’s subsidiary in the United States is purchasing copper to send to its equipment suppliers in China, a rare move by a Chinese NOC.

11 April 2018
An LNG tanker at China's Hainan terminal LNG

CNOOC plans distribution role for Hainan terminal

China’s top LNG importer is taking steps to turn its terminal on the island of Hainan into an Asian transit and distribution hub.

11 April 2018
Global Markets

China and US expected to deepen energy ties despite spat

China’s energy ties with the United States are set to deepen even as a trade spat between the world’s two largest economies roils financial markets.

11 April 2018
Companies & Finance

PetroChina subsidiary sets new sales record

PetroChina’s eastern sales subsidiary sold 4.32 billion cubic metres of gas in March.

11 April 2018
LNG

Chinese LNG prices fall on soft demand

Ex-works LNG prices at Chinese liquefaction plants fell by 3.5% last week from the previous week as demand dropped.

11 April 2018
LNG

Hubei Energy Group signs agreement for Zhijiang LNG project

Hubei Energy Group signed a framework agreement on Monday with the Chinese city of Zhijiang for an LNG receiving and distribution project

10 April 2018

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