CNPC aims to raise its gas storage capacity to 15 bcm by 2025

China National Petroleum Corp. (CNPC) plans to boost its total working gas storage capacity to 15 bcm by 2025, corresponding to around 10% of China’s peak seasonal demand. CNPC plans to develop seven new storage clusters in Shengping, Pingdingshan, Huan An, Chuzhou, Liaohelei 61, Lujuhe and Baiju and will upgrade the existing storage sites by adding compression stations and drilling more wells.CNPC currently operates 24 out of 25 gas storage sites in China, and the other one is operated by Sinopec. CNPC supplied 7.4 bcm of gas from its storage sites in the winter 2017-2018, enabling China to c

CNPC China Natural Gas 2018-03-18

China will cut 150 Mt of coal capacity in 2018

The Chinese National Development and Reform Commission (NDRC) has announced a coal capacity cut of 150 Mt in 2018. Once these cuts are complete, they will allow China to meet the 2020 five-year plan targets two years ahead of schedule. Slashing 150 Mt of coal in 2018 would bring the total production cut since January 2016 to 590 Mt, well ahead of the 5-year plan to cut 500 Mt of coal capacity by 2020.The Chinese government has also announced plans to shut down coal-fired power plants below 300 MW that fail to meet emission standards in 2018.

China's "Dash To Natural Gas" Bolsters U.S. LNG

China is the largest incremental gas demand market and will account for 30-35% of all new gas demand in the years ahead.

China LNG 2018-03-16

CNPC will boost gas storage capacity to 15 bcm by 2025

China National Petroleum Corp. (CNPC) plans to increase its total working gas storage capacity to 15 billion cubic metres by 2025, enough to meet 10% of China’s peak seasonal demand, the company said on Thursday.

China Natural Gas CNPC 2018-03-16

PetroChina - The Oil Giant That Investors Ignore

PetroChina, the public division of China’s state giant CNPC, has quietly become the third-largest oil and gas company globally, with a market cap exceeding Chevron’s since the start of this year; quietly, because it tends to stay out of most investors’ radars, for a number of reasons.

China's Jan-Feb raw coal output up 5.7% on year at 520 million mt

China mined 520 million mt of raw coal in January and February, up 5.7% year on year, National Bureau of Statistics data released Wednesday showed.

China Coal 2018-03-16

Sinopec Hainan raises Mar oil product exports by 42% on month

State-owned China Petroleum and Chemical Corporation, or Sinopec, plans to export around 270,000 mt of oil products from its 184,000 b/d (9.2 million mt/year) Hainan refinery in southern China in March, a refinery source said.

Alaska inches one step closer to Chinese investments in LNG project

The US state of Alaska is getting one step closer to Chinese investments in its ambitious energy program after US energy regulators began assessing a planned liquefied natural gas (LNG) project in the state.

China LNG 2018-03-16

Refinery news: China's CNOOC Huizhou raises March oil product exports

State-owned China National Offshore Oil Corporation plans to export around 580,000 mt of oil products from its 440,000 b/d (22 million mt/year) Huizhou refinery in Guangdong province in March, up from 550,000 mt planned for February, a refinery source said Thursday.

China Refining CNOOC 2018-03-16

China is rapidly developing its clean-energy technology

WHEN IT COMES to energy, no country generates such bittersweet superlatives as China. It is the world’s largest consumer of coal and the second-largest of oil, after America. It has the largest power-generation capacity, by a wide margin.

Wind Power Solar 2018-03-16

China CNPC plans new gas storages, to expand existing ones

Chinese energy giant CNPC plans to raise its total working capacity of natural gas storages to 15 billion cubic metres by 2025, able to meet 10 percent of the peak seasonal demand, the Chinese firm said on Thursday.

China in no rush for second major Russian gas deal

China has said it is ready to sign up for more gas from Russia and other suppliers, but Beijing may keep Moscow waiting as it weighs up the need for greater pipeline imports against more flexible LNG shipments, analysts have told Interfax Natural Gas Daily.

China Natural Gas 2018-03-15

Iran’s March LPG exports rebound to 440,000 mt, mostly China-bound: sources

Iran’s LPG shipments recovered to 440,000 mt in March from around 400,000 mt in February, with most of the cargoes destined for China, fixtures from shipping sources showed this week.

China Petrochemical 2018-03-15

China suspends oil price adjustment

China's top economic planner announced Wednesday that it would keep domestic retail oil prices unchanged as global oil prices have not fluctuated significantly in the past two weeks.

China oil prices 2018-03-15

China's CNPC crude production fell 1.6 pct y/y in Jan-Feb

Data from the National Bureau of Statistics showed that industrial output climbed 7.2% year-on-year in January to February period, while growth was seen at 6.2%, the same as in December.

China Oil Output CNPC 2018-03-15

China data: Jan-Feb crude throughput rises 7.3% on year to 11.6 mil b/d

China's refinery crude throughput rose 7.3% year on year to 93.4 million mt, or an average 11.6 million b/d, over January-February, according to preliminary data released Wednesday by the National Bureau of Statistics.


Chinese Oil Production Hits Record Low

Ageing fields and high production costs dragged down China’s domestic crude oil production in January and February, on par with the lowest level on record according to Chinese government data.

China Oil Output 2018-03-15

China's Xinjiang Beiken starts drilling first well for Ukrgazvydobuvannia

China's Xinjiang Beiken Energy Engineering has started drilling a first well for public joint-stock company Ukrgazvydobuvannia under a contract to drill 24 wells signed last autumn, the press service of the Ukrainian company has reported.


Sinochem plans $2 billion Hong Kong IPO of oil assets: IFR

China’s Sinochem Group has invited banks to pitch for roles in a proposed Hong Kong listing of its key oil assets, which could raise about $2 billion, IFR reported on Monday, citing three people with knowledge of the matter.

IPO Sinochem 2018-03-14

New JV plans to build LNG terminal in Jiangsu

Huagang Gas Group, a unit of China National Petroleum Corp., will form a joint venture to build an RMB 8.0 billion ($1.3 billion) LNG terminal and storage facility at the port of Dafeng in eastern Jiangsu province, JV partner Huifeng Petrochemical said in a stock exchange filing.

China LNG 2018-03-14

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