A gas storage facility near Beijing. Exploration & Production

CNPC offers more sober China gas growth assessment

China’s top gas producer expects the country to just about sustain double-digit growth this year, in contrast to more-optimistic recent predictions.

By Colin Shek 17 January 2018
LNG

Rudong LNG supplies to Jiangsu have peaked at 37 MMcm/d this winter

Gas supply from PetroChina’s Rudong terminal in Jiangsu province has peaked at 36.85 million cubic metres per day during this winter heating season.

15 January 2018
LNG

LNG price drops 22.6% in 24 Chinese provinces and regions

The average price of LNG sold in 24 Chinese provinces and regions fell by 22.6% year on year over the first 10 days of 2018

15 January 2018
Pollution in Beijing. LNG

China to build on gas demand growth in 2018

The impressive growth seen last year will continue as China pushes on with the switch away from coal.

15 January 2018
Supply & Demand

Chinese gas imports up by 27% in 2017

China imported 68.57 mt of pipeline gas and LNG in 2017, up by 26.9% year on year, the General Administration of Customs said on Friday.

12 January 2018
LNG

Tianjin LNG terminal sales hit 2 mt in 2017

China National Offshore Oil Corp.’s Tianjin terminal sold more than 2 mt of pipeline gas and trucked LNG in 2017.

11 January 2018
Exploration & Production

PetroChina subsidiary produces 11.3 bcm in 2017 from Sichuan mine

The Central Sichuan Oil and Gas Mine, operated by PetroChina’s Southwest Oil & Gas Field subsidiary, produced a record 11.26 billion cubic metres of gas in 2017.

11 January 2018
LNG

LNG prices in northwest and central China to increase

The average ex-works price at LNG plants in northwest and central China is set to rise by 2.73% this week.

11 January 2018
LNG

Tianjin LNG terminal shows strong import growth in 2017

China National Offshore Oil Corp.’s Tianjin terminal imported 1.77 mt of LNG in 2017, up by 88.3% year on year.

10 January 2018
Exploration & Production

PetroChina increases foreign cooperation in oil and gas

PetroChina was engaged in 36 foreign cooperation projects with several IOCs in China’s six oil and gas basins at the end of last year.

10 January 2018
LNG tankers at the Jingbian Xingyuan LNG plant in Shaanxi. LNG

Supply cuts sideline Chinese LNG as demand booms

Booming winter demand for gas is passing by China’s small-scale LNG producers, as they have been largely sidelined by feedstock supply cuts.

10 January 2018
LNG

SHPGX trading falls at start of January

Pipeline gas trading on the Shanghai Petroleum and Gas Exchange fell over 2-5 January to its lowest level since the last week of January 2017.

10 January 2018
Global Markets

China to reduce import taxes on key equipment

China’s Ministry of Finance will cut or end import taxes and VAT for imports of certain equipment.

9 January 2018
Yangchuan LNG plant, China Companies & Finance

China’s NOCs sketch out supply plans for next winter

China’s top gas suppliers have pledged to be better prepared to meet peak gas demand next winter after having been short on supply in recent weeks.

9 January 2018
LNG

Asian spot LNG prices reach three-year high

The average LNG spot price for Japan, South Korea, China and Taiwan was $11.36/MMBtu at the end of last week – its highest level since late November 2014.

9 January 2018
The Ningxia LNG plant. LNG

Chinese LNG prices cool as winter gas crunch eases

LNG prices have fallen sharply in northern China amid an easing supply crunch, reduced demand and intensifying government scrutiny of gas suppliers.

8 January 2018
Supply & Demand

PetroChina subsidiary produces 37 bcm in 2017

PetroChina’s Changqing Oilfield subsidiary produced 36.9 billion cubic metres of gas in 2017, up by 1.2% from 2016.

8 January 2018
Supply & Demand

Sinopec produces 25.7 bcm in 2017

Sinopec said on Friday that it had produced a record 25.7 billion cubic metres of gas in 2017, up by 19% year on year.

8 January 2018
Pipelines, Storage & Power

Central Asian pipeline imports by 13.37% in 2017

China increased its pipeline imports from Central Asia by 13.37% on an annual basis in 2017, to 38.74 billion cubic metres

8 January 2018
Pipelines, Storage & Power

Urumqi to replace coal-fired heating with gas and electricity

Urumqi, the capital of western China’s Xinjiang region, will switch to gas and electricity for heating

8 January 2018
LNG

Chinese LNG imports increase by almost 50% in 2017

China imported a record 5.1 mt of LNG in December, up by 38.3% year on year, while imports for 2017 increased by 48.4%, to 37.9 mt.

5 January 2018

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