Li Xin

Beijingjuliet.lee@interfax.cn

Li Xin has been covering the Chinese gas market for four years, following a range of sectors from upstream to downstream. China's evolving policy framework and unconventional development are her areas of expertise. She joined Interfax in 2010 as a reporter on the China energy and metals desks. Before that, she covered climate change at China Meteorological News.

China Oilfield Services’ COSLProspector performing sea trials in Dalian last year. (COSL)

China’s oil and gas sector reforms gather pace

Signs are mounting that China’s impending framework plans for state-owned enterprise reform will see Beijing’s role as an owner of NOCs separated from involvement in resource management.

1 September 2015 11:41 GMT
ENN Energy is looking at ways to encorporate new technology into energy trading. (ENN)

ENN considering online gas trading platform

ENN Energy is increasingly leveraging internet-based technologies for its LNG logistics business while looking into the creation of an online trading platform for gas.

20 August 2015 12:48 GMT
Phase 8 of South Pars. Chinese companies have pulled out of development in the past. (Statoil)

China could avoid Iranian energy investment frenzy

The historic nuclear deal between Tehran and six world powers could unleash a wave of investment into Iran’s upstream sector, but China’s NOCs may choose to stay away.

17 August 2015 12:15 GMT
PetroChina, Sinopec and CNOOC have reduced wages as part of cost-cutting measures. (CNOOC Tianjin LNG)

Chinese NOCs battling crude profit squeeze

PetroChina and its peers are tipped to post improved quarterly earnings after drastic belt tightening, but the prolonged collapse in oil prices will weigh on their results later this year.

12 August 2015 11:53 GMT
CNOOC's LNG-fired power plant in Huizhou Daya Bay Petrochemical Industrial Park, Guangdong (CNOOC)

China’s NOCs face supply glut in Guangdong

China’s NOCs have invested billions of dollars on supply projects to meet gas demand in Guangdong, but a downturn in demand could sour those investments.

6 August 2015 12:50 GMT
Rehden UGS depot in Germany. China’s storage capacity is well below the global average. (Astora)

China’s gas giants explore spinning off UGS

China’s dire shortage of underground gas storage sites could be addressed by having its biggest gas companies separate storage operations from their pipeline businesses.

30 July 2015 11:51 GMT
The Jiaoye 9-3HF well in the Fuling shale field, China’s only commercial shale find. (Sinopec)

China’s shale explorers are pressed for time

Experts say it can take up to eight years from surveying a gas field to reaching production, but China’s shale gas novices have been given just three years to do the job.

10 July 2015 8:47 GMT
Location of Xinjiang’s Tarim Basin, where two of the blocks are sited. (Interfax)

China opens Xinjiang block tender to private firms

China has picked Xinjiang to host public auctions of oil and gas exploration rights as part of pilot reforms to the country’s upstream sector.

8 July 2015 12:05 GMT
Hong Kong’s skyline. Towngas, the city’s gas distributor, is delaying listing its ECO subsidiary. (SXC)

HK’s Towngas delays listing new energy unit

Hong Kong’s Towngas is in no hurry to spin off its new energy business into a separately listed unit, as it still needs time to grow the subsidiary.

1 July 2015 8:09 GMT

Sinopec on the lookout for overseas acquisitions

China’s state-owned Sinopec is assessing many overseas projects for potential deals, an executive from a wholly owned subsidiary told Interfax on Wednesday.

25 June 2015 10:14 GMT
A shipyard in Shanghai. Chinese shipmakers are feeling the effects of the collapse in oil prices. (PA)

Chinese yards battle against offshore oil downturn

The oil price slump is taking its toll on the offshore engineering industry, with Chinese shipyards booking 80% fewer orders in the first four months of this year.

22 June 2015 11:10 GMT
The first joint is welded on Power of Siberia. The eastern route could be extended to Tangshan. (Gazprom)

China pitches future role as gas transit country

Russia and Turkmenistan could pump gas through China for export to northeast Asian buyers in the future, under an intriguing scheme from a top Chinese state thinktank.

17 June 2015 10:59 GMT
A dual LNG-diesel vessel. Shipping companies have few incentives to switch fuels. (Jiangsu Fuhai Million Energy)

China may miss LNG-fuelled ship goals – sources

The oil price slump has torpedoed China’s efforts to encourage LNG bunkering in inland shipping, and the exorbitant cost of retrofitting vessels has only made matters worse.

16 June 2015 10:00 GMT
China’s Tianjin LNG terminal. Operators have been sluggish in opening access to third parties. (CNOOC)

China’s NOCs dither over LNG terminal access

Industry insiders say the slow pace of liberalising third-party access to China’s LNG import infrastructure is a result of terminal operators wanting to protect their markets.

8 June 2015 10:07 GMT
The Ningbo LNG terminal. China’s gas imports fell by 20.3% in April. (CNOOC)

Pressure builds for China summer price cut

Chinese policymakers are increasingly looking to cut gas prices this year to stimulate demand and stop a sharp slowdown in consumption growth.

3 June 2015 8:18 GMT
An ENN Energy LNG refilling station in Lianyungang port. Many Chinese provinces plan to build more. (Interfax)

China looks to step on the gas for NGV growth

China, already the world’s largest market for NGVs, could more than double the number of vehicles running on the fuel by the end of the decade if it overcomes policy and infrastructure challenges.

18 May 2015 12:35 GMT
Sinopec's rate of return from its Fuling shale field is 11-13% based on a RMB 0.4/cm subsidy. (Sinopec)

China’s shale gas subsidy cut to hurt small players

China’s decision to reduce its shale gas development subsidy between 2016 and 2020 will have a mixed impact on the fledgling industry, with smaller developers likely to be disproportionately affected.

7 May 2015 11:08 GMT
Tianjin LNG terminal. The high cost of LNG in Asia has sparked interest in a regional hub. (CNOOC Tianjin LNG)

Shanghai hub success hinges on market reform

China is pitching its thriving financial hub of Shanghai as a centre for trading gas, but success will depend on government efforts to reform and open up the local gas market.

30 April 2015 10:59 GMT
Sany fracking trucks at the Changqing oilfield. The company is moving into the energy sector. (Sany Group)

Chinese machinery group targets energy sector

Miao Xionghui, vice president of research and development at Sany Group, talks to Interfax about why the Chinese heavy machinery maker is confident about its expansion into the energy industry.

23 April 2015 10:41 GMT
New LNG terminals and gas storage bases in China, 2016-2020

China’s gas infrastructure buildout plans challenged

China is planning a massive expansion of gas supply infrastructure over the next five years, but whether there is enough demand to justify the spending spree is questionable.

13 April 2015 11:30 GMT

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