Shale gas well in SW China sees record high output

A well in southwest China's Chongqing Municipality has produced more than 300 million cubic meters of shale gas after 2,231 days of use, a record high number, its developer Sinopec said Friday.It is estimated that 300 million cubic meters of shale gas is equivalent to a year's gas consumption for a city with a population of 4.8 million.The well is located in Fuling, China's largest shale gas field. For now, the daily output of the well remains at 65,000 cubic meters, said the company.As of Nov. 8, Fuling shale gas field had put 421 wells into production and yielded more than 26 billion cubic m

China Shale Gas 2019-11-13

China Will Have Enough Natural Gas This Winter to Meet Demand: Officials

China’s supply and demand for natural gas are expected to be balanced during this year’s winter heating season, following two years of breakneck demand growth for the cleaner-burning fuel as Beijing worked to improve air quality by lowering reliance on coal.Industry officials gave their assessment at a conference on Friday as growth in demand for natural gas slows sharply this year, falling into single digits from the previous double-digit range. The slowing demand growth comes as many homes and businesses have converted to other power sources, helping to improve air quality during the winter

China Natural Gas 2019-11-13

【ECF News】China's definition for shale gas, tight oil and shale oil

I. Shale GasStandard: National Standard GB/T31483-2015 "Shale gas geological evaluation method", issued by the General Administration for Market Regulation and the Standardization Committee of China in May 2015.Definition: The shale gas is mainly composed of free or adsorption state natural gas in the organic-rich shale interval. The main body is self-generated and self-storing, large-area continuous natural gas accumulation. Under overburden conditions, the shale matrix permeability is generally less than or equal to 0.001 mD. Single well generally has no natural production capacity, requirin

2019-11-13

Analysis: China Oct gas imports down 10% on GDP, industry, Rudong LNG

China's natural gas imports, comprising LNG and pipeline gas, in October declined 10.3% year on year to 6.52 million mt, or 9 Bcm, the latest data from the General Administration of Customs showed, a significant reversal from growth rates of around 27% in recent years.Domestic sources attributed lower October imports to the economic slowdown, a long shutdown at PetroChina's Rudong LNG terminal, the relaxation of China's coal-to-gas switching policies, and stricter emission restrictions and lower industrial activity during the country's National Day holidays in early October.October is typicall

China LNG Terminal 2019-11-12

【ECF News】China oil giants signed over 80 billion USD during import EXPO

The 2nd China International Import Expo was held in Shanghai during Nov 5-10.More than 3,000 companies from more than 150 countries and regions participated in the exhibition.On November 6, the China Petroleum International Cooperation Forum and signing ceremony on the theme of “cooperative innovation and value creation” was held by CNPC in Shanghai. CNPC signed strategic cooperation agreements with SNAM and Schlumberger, and signed 21 procurement contracts with over 20 overseas suppliers including Kazakhstan Gas Transport, Saudi Aramco, Kuwait Petroleum, ABB, Schlumberger, Caterpillar, Honeyw

2019-11-12

China gas demand growth halved this winter as coal conversion slows

China’s natural gas demand is expected to expand at half the rate this winter compared to a year earlier, as Beijing slows its gasification push due to a weaker economy and competition from cheaper coal, state oil officials said on Friday.Gas demand this winter is forecast at 145 billion to 150 billion cubic meters (bcm), 5-8% higher than a year before, said a gas marketing executive with state energy group Sinopec Corp.Meng Yadong, director of the marketing department of Sinopec Gas Co, told an industry seminar in Beijing the growth is down from the 14.6% expansion in the previous heating sea

2019-11-12

ECF China Shale Weekly Review - November 10, 2019

ECF China Shale Weekly Review - November 10, 2019

【ECF News】Sinopec Oilfield Service' Unit To Supply Shale Gas Drilling Equipment To Saudi Aramco For $400 Mln

According to the announcement of the newly signed overseas contract of the board of directors of Sinopec Petroleum Engineering Technology Service Co., Ltd. on November 4, recently, the company's wholly-owned subsidiary Sinopec International Petroleum Engineering Co., Ltd. and Saudi Aramco signed a supply contract for six sets of unconventional gas well drilling rig contract. The contract model is a daily fee system that will last four years with total contract amount of 400 million US dollars.

【ECF News】China encourages new oil & gas industrial structures to shale oil and tight oil

China's National Development and Reform Commission released "Industrial Structure Adjustment Guidance Catalogue (2019)" on October 30, adding shale oil, tight oil, hydrogen energy, LNG refilling infrastractures to its “encouraging” industry catalogue.The 2019 edition will be implemented on Jan 1, 2020. In 2005, with the approval of the State Council, the National Development and Reform Commission issued the Catalogue (2005). The Catalogue was revised in 2011 and 2013. The implementation of the Catalogue played an important role in strengthening and improving macroeconomic regulation and contro

【ECF News】China Hunan established technical regulations for shale gas well logging

The “Shale Gas Well Logging Technical Regulations” project of Hunan Coal Geological Exploration Institute successfully passed review organized by Hunan Provincial Market Supervision Administration and Hunan Provincial Natural Resources Department, filling the blank of shale gas logging standards in Hunan Province. The project was successfully established in March 2017 and is a soft science research project of the Natural Resources Department of Hunan Province. The work cycle is from March 2017 to December 2018. The purpose is mainly to refer to the logging standards of coal mines, coalbed meth

CBM 2019-11-08

32-bln-yuan liquefied natural gas project settled in north China

A large liquefied natural gas (LNG) project and its supporting pipeline project, with a total investment of 32 billion yuan (about 4.6 billion U.S. dollars), started construction in northern China, local government said.The LNG project, located in a logistics park at Caofeidian port of Tangshan City in northern China's Hebei Province, is the largest LNG terminal project under construction and planning in the Bohai Bay rim area, according to the municipal government of Tangshan.Construction work is divided into three phases. The first phase is scheduled to be completed in 2022 with an annual LN

China LNG 2019-11-08

【ECF News】Zhejiang Oilfield's CBM development plan passed MNR review

On October 24th, the two projects “CBM Development in Junlian YSL1 Well Zone in Southern Sichuan Area” and “CBM Development in Junlian YSL15 Well Zone in Southern Sichuan Area” reported by Zhejiang Oilfield Company passed the national review in Beijing.This review is organized by the Ministry of Natural Resources. The development and utilization plan of coalbed methane mining project in Junlian YSL1 and YSL15 well zone reported by Zhejiang Oilfield was generally recognized by the participating experts. After strict evaluation by the expert group, it was agreed that the CBM resources Junlian we

CBM 2019-11-07

China wind power firm plans $1B LNG terminal

China’s Suntien Green Energy Company Ltd., a wind power producer and piped natural gas distributor, plans to build a $1 billion liquefied natural gas (LNG) receiving terminal in north China by 2023, a company official told Reuters.The company, backed by the Hebei provincial government, joins a handful of Chinese companies outside the dominant state energy giants looking to own and operate a receiving facility for LNG, of which China is the world’s second-largest buyer, Kallanish Energy learns.In a Hong Kong exchange filing last week, Suntien said the central government had approved its plan to

China LNG Terminal 2019-11-06

China Sinopec strikes high gas flows in deep Xinjiang well

China Petroleum and Chemical Corp, or Sinopec Corp , has struck high flows of natural gas in an exploration well in China’s northwestern region of Xinjiang, official Xinhua News Agency reported on Tuesday.The Shunbei-4 well was drilled 8,270 metres below the surface, part of the Shunbei oil and gas field measuring 28,000 square kilometres, one of the deepest oil and gas deposits in Asia and Sinopec’s new frontier for reserve additions, Xinhua said.In test production, the well yielded a daily flow of 104,500 cubic metres of natural gas.Sinopec has planned a total of 65 wells in Shunbei, of whic

【ECF News】CGS made significant progress in shale gas investigation in the western margin of the Xuefeng Mountains in China

Recently, the Institute of Karst Geology and the Chengdu Geological Survey Center of the China Geological Survey of the Ministry of Natural Resources conducted a joint investigation on the oil and gas geology of the western Xuefeng Mountain, and the Guidudi 1 well deployed in the Duyun area of Guizhou was drilled to the target Cambrian layer. Natural gas and shale gas were discovered in the Jiumenchong-Niuxitang Group while asphalt was found in the Dengying Group.The on-site gas testing of the Jiumenchong Group and the Niutitang Group of the Cambrian layer showed a total of 8 anomalies, of whi

Import expo shows China is open for business

The United States-China trade war, now in its 16th month, has seen commerce between the world’s two biggest economies nosedive, leading many experts to speculate that economic decoupling is inevitable. Logical though that prediction may seem, it has been confounded from an unexpected quarter – corporate America. There will be more American companies at the second annual China International Import Expo, from tomorrow until the weekend, than there were at last year’s inaugural event, according to the Ministry for Commerce. Talk of decoupling therefore seems a bit premature.Commerce officials hav

China Economy 2019-11-05

ECF China Shale Weekly Review - November 3, 2019

ECF China Shale Weekly Review - November 3, 2019

China LNG Imports Slide 1st Time in 3 Years on Outage, Stocks

China’s imports of liquefied natural gas are poised to drop for the first time in more than three years as buyers grapple with an outage at a key receiving terminal and hefty stockpiles.The world’s top buyer of natural gas imported 3.8 million tons of the fuel in LNG form Oct. 1-30, according to berth data compiled by Bloomberg, compared with 4.6 million for the full month last year. If confirmed by official customs data, which will be published later this month, it would be the first year-over-year drop since July 2016.The slide can be partially attributed to an outage at the Rudong LNG termi

China LNG 2019-11-04

Spotlight: Chinese LNG demand disappoints to the downside, warning sign for prices

We have long considered China to be a fast-moving secular demand growth story amid aggressive clean air policies supporting a shift from coal to gas for heating. This story appears to have hit a speed bump. As we highlighted in recent scorecards in August and September, we foresaw some of this risk building thanks to economic slowdown.Economic risks, combined with unsupportive weather in the north, has been weighing on import demand into China and putting prices at risk. Recent import levels, particularly into central China, account for nearly all the weakness -– over the last month down 35 mi

China LNG 2019-11-01

China's energy supply maintains steady growth in first nine months

China has posted stronger capability of securing energy supply in the first three quarters of this year, according to the National Energy Administration (NEA) Tuesday.The output of crude oil stood at 143 million tonnes in the Jan.-Sept. period, up 1.2 percent year on year and ending a falling streak for three years in a row, while the natural gas production grew at a faster pace, increasing by 9.5 percent to 127.7 billion cubic meters, said Song Wen, deputy director of the development and planning office of the NEA.In the same period, China added 64.55 million kilowatts of power generation cap

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