Global Markets
The SHPGX continued to meet only a small proportion of China’s gas demand last year despite a record volume of the fuel changing hands on the platform.
7 February 2019A terminal owned by a company other than CNOOC sent out the most truckloads of LNG last week for the first time in over 18 months.
7 February 2019The southern Chinese province has resorted to cutting pipeline and distribution tariffs to push end-user gas costs down as it looks to lift lagging residential and industrial gas demand.
7 February 2019The average ex-works price of LNG produced in China fell by nearly 15% last week, to its lowest level for nearly four months.
6 February 2019Spot prices closed the week at $7.21/MMBtu, their lowest level since April 2018.
5 February 2019
LNG
Small volumes of LNG will start to be shipped inside containers from Japan to China this year following a deal between two companies that will test Chinese interest in the distribution method.
31 January 2019CNOOC's Tianjin LNG terminal sold the most truckloads of LNG among the Chinese terminals last week by a wide margin.
31 January 2019Sichuan, which boasts abundant gas resources but scant storage capacity, has enticed PetroChina into helping develop underground storage in the province by offering to share the cost.
31 January 2019Industrial activity in China has weakened ahead of next week's Lunar New Year holiday, prompting LNG producers to cut their prices.
30 January 2019Prices closed last week at an average of $8.11/MMBtu, which was the same as the previous week but down from $10.5/MMBtu a year ago.
29 January 2019
Supply & Demand
LNG extended its lead over pipeline volumes in China’s import mix for the third consecutive year last year, but the trend may soon start to be reversed.
28 January 2019
Companies & Finance
China’s main offshore oil and gas producer is likely to meet or even exceed its capital expenditure budget for 2019 as it responds to political pressure to increase output.
25 January 2019
Exploration & Production
China’s first coal-to-SNG projects have run up deep losses since they started coming online six years ago, which is likely to dim long-term prospects for the technology.
24 January 2019China National Offshore Oil Corp.’s Tianjin facility sold the most truckloads of LNG among Chinese terminals last week.
24 January 2019Thirty-seven plants reduced their prices by an average of 2.45% last week to boost sales in advance of the public holiday.
23 January 2019Spot LNG prices in Asia fell by 4.8% last week and were down by one-quarter from a year earlier.
22 January 2019
Pipelines, Storage & Power
Ease of access and economics explain why China’s biggest gas supplier appears to be more interested in underground facilities than LNG terminal tanks for meeting its storage needs.
21 January 2019
Supply & Demand
After two years of stellar growth, China’s gas demand looks set to expand at a slower rate in 2019 in line with a stuttering economy.
17 January 2019
LNG
CNOOC's first regasification facility in Jiangsu will give the company a bigger presence in one of China's largest gas markets.
17 January 2019The CNOOC terminal sent out an average of 513 truckloads of LNG per day last week, marking a record high.
17 January 2019Viewing 1-20 of 4,402 articles