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

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

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

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 gas demand to surge through 2035, coal to still offer stiff rivalry - PetroChina

China's natural gas demand is expected to rise by more than 300 billion cubic metres (bcm) between 2018 and 2035, or 30% of global volume growth, stoked by the country's push to shift to the cleaner fuel from coal, a senior executive of PetroChina said on Wednesday.However, despite the huge growth potential, natural gas still faces stiff competition from coal as a fuel for power generation and heating as China advances low-emission, or so-called "clean-coal" technology, said Ling Xiao, a vice president of China's top oil and gas producer, addressing an industry gathering in Singapore.Meeting p

China Natural Gas 2019-10-31

China Sets Own LNG Benchmark Price for First Time, Offering APAC a Guide

China, the world's second-largest importer of liquefied natural gas, has inaugurated its first price index for imported LNG that can serve as a reference point across the Asia-Pacific region.The Shanghai Petroleum and Natural Gas Exchange and the General Administration of Customs yesterday pegged their first LNG import price, including cost, insurance and shipping, at CNY3,497 (USD493) a ton for the week ended Oct. 13, Shanghai Securities News reported today. That was 3.2 percent higher than the previous week.Inbound shipments account for more than 40 percent of the natural gas that China uses

China LNG 2019-10-30

ECF China Shale Weekly Review - October 27, 2019

ECF China Shale Weekly Review - October 27, 2019

China Is Desperate To Boost Shale Gas Production

Faced with rising natural gas and liquefied natural gas (LNG) imports to meet growing demand, China is trying to raise its domestic gas production, including by setting up incentives for shale gas and coalbed methane production.Back in 2010, imports accounted for just 15 percent of China’s natural gas supply. By 2018, the share of imports in the country’s gas supply surged to nearly half—45 percent—of total supply. As consumption has been vastly outpacing domestic natural gas production, China has been looking in the past two years to raise its own production. Even at a slower pace, China’s na

【ECF News】Opportunities in China Shale Gas & Oil - Energy China Forum (ECF) 2019 9th Asia-Pacific Shale Gas & Oil Summit News Release

Energy China Forum (ECF) 2019 9th Asia-Pacific Shale Gas & Oil Summit News Release

Sinopec, CNOOC, CNPC set to increase gas supply for winter heating season

China Petroleum & Chemical Corp, known as Sinopec, said it has secured 8.81 billion cubic metres (bcm) of natural gas for northern China for the upcoming winter heating season, state-owned Xinhua News Agency reported on TuesdayThat was up 15.5% from 7.63 bcm in the previous heating seasonCNOOC Group, China’s largest offshore oil and gas producer, plans to supply around 24.5 bcm gas, or 1.5 bcm more than last year, across the country, Xinhua reportedThe country’s top oil and gas producer, China National Petroleum Corp (CNPC) did not give the amount of gas it will supply in the winter, but said

China Natural Gas 2019-10-23

Chinese LNG demand may be set to plateau – analyst

China’s surging appetite for LNG looks set to slow markedly next year as the government concentrates on diversifying its sources of gas supply, the Eurasia Group has said in a note to clients.“China’s gas imports are about to change because of Beijing’s shifting priorities,” said the company’s director of global energy, Henning Gloystein. Beijing’s efforts to boost domestic gas production and import more of the fuel via pipelines could potentially combine with an economic slowdown to bring booming LNG demand growth to a halt. The Eurasia Group saw a 30bcm growth in other sources of supply ne

China LNG 2019-10-23

China’s demand for natural gas, infrastructure to rise even as trade war slows down economy

China’s appetite for natural gas and infrastructure needs to accommodate imports will grow strongly in the next few years, even as the prolonged trade war slows its economy and stifles purchases from the US, forcing it to look elsewhere, an industry expert says.“The US-China trade war only affects US exporters because there is more than enough LNG available in the market – from places like Qatar, Australia, Nigeria,” Sveinung Stohle, chief executive of Oslo-based Hoegh LNG, owner of the world’s largest fleet of floating storage and regasification units (FSRU), said in an interview after the op

China Natural Gas 2019-10-22

Is This The End Of China’s Gas Boom?

Chinese demand for natural gas is forecast to rise by 10 percent this year, a slower growth rate than in previous years, as slowing economic growth impacts demand, state-run Sinopec Gas Company said on Tuesday.“Due to the macroeconomic situation and the government’s easing push to the coal-to-gas program, China’s gas consumption growth is slowing,” Reuters quoted a Sinopec official as saying, reading prepared remarks of deputy chief economist Wu Gangqiang.Between January and September 2019, China’s natural gas imports increased by 10 percent compared to the same period of 2018, according to go

China Natural Gas 2019-10-18

China’s gas demand growth to slow to 10% this year, Sinopec official says

China’s natural gas demand is expected to reach 307 billion cubic meters (bcm) this year, an increase of just 10% from 2018, an official of state-run Sinopec Gas Co said on Tuesday, as a slowing economy hits consumption.China is the world’s second largest importer of liquefied natural gas after Japan, producing 160.2 bcm of gas last year and importing 124.8 bcm, of which 74.3 bcm was LNG, with pipeline gas making up the rest.Any demand increase is expected to boost its imports of the super-chilled fuel.“Due to the macroeconomic situation and the government’s easing push to the coal-to-gas prog

China Natural Gas 2019-10-17

China aims to rev up shale gas drive, wean itself off imports amid U.S. trade row

China aims to slash its growing dependence on gas imports by boosting domestic projects like shale fields as the security of its energy supply comes under the spotlight amid a festering trade war with the United States.The row with Washington has overshadowed China’s economy, likely slowing gas demand growth considerably this year, a new government research report shows. But Beijing is funding new efforts to boost domestic production, particularly from so-called unconventional sources like shale gas, as weaning China off its import reliance takes on new importance.The report, released on Satur

2019-09-06

ECF China Shale Weekly Review - September 1, 2019

ECF China Shale Weekly Review - September 1, 2019

Can China Double Its Gas Output By 2040?

China is set to double its natural gas production by 2040, but challenges in developing shale gas resources have led to a lower production outlook and expectations of more imports in the long term, Wood Mackenzie said on Wednesday. China’s domestic natural gas supply is forecast to double to 325 billion cubic meters (bcm) in 2040 from 149 bcm in 2018, according to Xueke Wang, a consultant at Wood Mackenzie. Yet, this latest forecast for 2040 is 39 bcm lower than WoodMac’s previous outlook, mostly dragged down by lowered forecasts for shale gas and coal bed methane (CBM) production, Wood Macke

China Natural Gas 2019-08-29
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