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

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

【ECF News】China NEA Director: Establish "14th Five-Year" Energy Plan ASAP; Accelerate More Oil and Gas Supporting Policies

On August 13, Zhang Jianhua, director of the National Energy Administration, wrote a signed article "Promoting the high-quality development of energy industry in the new era (in-depth study and implementation of Xi Jinping's new era of socialism with Chinese characteristics)" in China's official newspaper People's Daily.The article pointed out that the energy development plan during the "14th Five-Year" and a longer period of time should be established as soon as possible, and the guiding opinions for promoting the high-quality development of the energy industry should be formulated. It is nec


ECF China Shale Weekly Review - August 11, 2019

ECF China Shale Weekly Review - August 11, 2019

【ECF News】Observation: China's natural gas import sources are becoming more diversified

The China-Central Asia natural gas pipeline, together with the China-Myanmar gas pipeline, have transported 300 billion cubic meters of natural gas to China since beginning operations in 2009 and 2013 respectively.The statistic was revealed on Jul 23 by China National Petroleum Corp, the country's largest oil and gas company. The two pipelines are the only two international gas channels to bring fuel into China across land, representing more than 15 percent of the yearly national gas consumption and more than 40 percent of national gas imports every year. China's natural gas imports have incre

【ECF News】Oil & gas exploration and development in China: why is it difficult for new entrants?

Oil & gas exploration and development is a high-risk industry. Hundreds of millions could be invested with nothing coming out. Therefore, engaging in oil and gas exploration and development requires sufficient financial strength and anti-risk ability, in addition to the corresponding technology and experience. In these respects, many new entrants are seriously inadequate compared with the oil majors.As China's oil and gas system reform continues to deepen, the opening door to oil and gas exploration and development is also widening.From the Ministry of Natural Resources's (formerly the Ministr

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 21, 2019

China Oil Drilling Market Analysis

【ECF News】 China Oil Drilling Market Analysis

In the next few years, the workload of China's oil industry is expected to maintain rapid growth.

ECF China Shale Weekly Review - July 14, 2019

ECF China Shale Weekly Review - July 14, 2019

【ECF News】Joint operations - the new picture for China oil & gas development

Following the signing of the strategic alliance cooperation agreement between PetroChina and Sinopec on June 22 and the signing of another joint research framework agreement on Monday, Sinopec and CNOOC signed a new cooperation framework agreement Wednesday.In the past three months, PetroChina, Sinopec and CNOOC have continued to carry out large-scale cooperation in onshore and offshore oil and gas basins, indicating that the domestic upstream exploration and development has ushered in a new change.Sinopec & CNOOC: Offshore CooperationOn July 10, PetroChina and CNOOC (China) Co., Ltd., a subsi

Gas replacing coal in southern Xinjiang

The Tarim Oilfield in northwest China's Xinjiang Uygur Autonomous Region had sent 33.2 billion cubic meters of natural gas to the southern part of the region by May, benefiting 4 million local residents.This amount of natural gas can replace 43.16 million tonnes of standard coal, which is equivalent to a reduction of 29.88 million tonnes of harmful emissions, said PetroChina Tarim Oilfield Company Saturday.A natural gas network around the Tarim Basin has been built with four main pipelines and 19 branch lines with total length of more than 2,400 km in operation since 2013.As one of China's lar

China's natural gas apparent consumption up 11.4 pct in the first 4 months

China's natural gas apparent consumption registered robust growth in the first four months of 2019 amid efforts to fight air pollution.Apparent consumption of natural gas rose 11.4 percent year-on-year to 100.9 billion cubic meters from January to April, according to the National Development and Reform Commission (NDRC).Meanwhile, a total of 103.93 million tonnes of refined oil was consumed during the same period, down 0.3 percent year on year, NDRC said.China has been promoting efficient, large-scale use of natural gas in sectors including industrial fuel, gas-fired power and transport.The co

China Natural Gas 2019-06-03

Russia’s Gazprom says supplies to China to reach 38 bcm in 2025 state gas producer Gazprom plans to supply 38 billion cubic metres (bcm) of natural gas to China in 2025, Elena Burmistrova, head of Gazprom Export, said on Tuesday.Burmistrova was speaking at a Gazprom news conference in Moscow. At the same event, she and other Gazprom officials also said the company had halted talks on supplying liquefied natural gas to Pakistan.

China Natural Gas 2019-05-29

Chinese demand for gas, LNG 'almost infinite'

China's impressive investments in renewable energy and electric vehicles have led some anti-fossil fuel activists, as well as some economists, to warn that new pipelines and LNG plants in Canada could become stranded assets.The fear is that China will decarbonize to such an extent that it won't need Canadian oil or natural gas.But Yao Li, CEO of Chinese energy consulting firm SIA Energy, said May 21 at the annual Canada Gas and LNG Conference that China's demand for LNG is “almost infinite.”China's shift from coal to natural gas to provide power will require a substantial increase in LNG impor

China LNG 2019-05-23

What China’s appetite for gas could mean for the world

China’s rapidly growing market is without doubt one of the most coveted destinations for exporters of liquefied natural gas. In pursuit of wealth and power, LNG producers from the four corners of the globe – the rolling farmlands of Pennsylvania, the deserts of Qatar, the rainforests of Papua New Guinea and the frigid waters of Russia – are all keen to compete for a slice of the pie. However, contrary to popular belief, China might not end up becoming the LNG-guzzling giant many have prophesied. This could have a major impact on the global market as a supply glut might lead to a collapse of LN

China Natural Gas 2019-05-16

Increased Chinese Tariffs on American LNG Could Dampen Investment, Report Says

China will more than double its punitive tariffs on liquefied natural gas (LNG) imports from the U.S. starting June 1, as Beijing hits back at Washington’s escalation of the bilateral trade dispute.The additional levies on U.S. LNG will be raised to 25% from the current 10%, as one of over 4,500 product lines that will be subject to tax increases at three different margins, according to a Monday statement by the Tariff Policy Committee of the State Council, China’s cabinet.The tariff hike comes in response to Washington on Friday further raising its additional tariffs on $200 billion worth of

China LNG 2019-05-15

China's Ramping Up Of Tariffs On US LNG Means Nothing, Everything

China's decision to hike import duties on U.S. LNG is a move that means very little for the market in the short term, but it has the potential to deliver outsized consequences the longer the levies remain in place.As part of its latest round of retaliatory tariffs on U.S. imports, Beijing increased the duty on LNG shipments from 10% to 25%.This will make it even more uneconomic for Chinese buyers to purchase LNG cargoes from the United States. The 10% tariff put in place last year has already devastated the trade, with China's imports of the fuel dropping sharply.China imported 25 U.S. LNG car

Opinion China LNG 2019-05-15

Natural Gas Consumption Up 10% in China

ccording to the preliminary estimate, the consumption of natural gas in China exceeded 27 million cubic meters in 2018, registering a YOY increase of more than 10%, said a report.The growing Chinese economy and stricter environmental protection policies drive the growth of natural gas consumption in China. In 2018, the Chinese government introduced several environmental protection policies to further prevent and control atmospheric pollution and replace coal with natural gas in key areas, which pushed up natural gas consumption in China.The market survey by ResearchAndMarkets shows that in 201

China Natural Gas 2019-05-10

China’s Apr natural gas imports rise 13% on year to 7.65 mil mt

China’s natural gas imports, comprising LNG and pipeline gas, totaled 7.65 million mt, or 10.55 Bcm, in April, preliminary data released Wednesday by the General Administration of Customs showed.The total was up 12.7% year on year from 6.79 million mt, or 9.37 Bcm, S&P Global Platts calculations based on historical data from the customs showed.Over January-April, China imported a total 31.89 million mt, or 43.97 Bcm, of natural gas, up 16.4% from 27.39 million mt, or 37.77 Bcm, from the same period last year, according to customs data.The April imports were also up 10.3% from 6.94 million mt,

China Natural Gas 2019-05-10

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