China's Natural Gas Demand Set to Hit New Record in 2021

China's natural gas demand could set a new record in 2021 as the country's economy emerges from the pandemic faster than most countries and it remains on track to meet its long-term environment protection targets, data from S&P Global Platts Analytics and the research arm of state-owned China Petroleum & Chemical Corp.

China extends Russian gas import pipeline

China has started operations at the second section of a gas pipeline link to Russia, boosting its supplies through the Power of Siberia 1 (Pos 1) pipeline, state-owned operator PipeChina said.Construction of the 1,110km section of the pipeline started in July 2019. It was originally scheduled to be completed in October, but the timeline was pushed back to the end of this year because of Covid-19.The second, mid-section of the pipeline starts from Changling in north China's Jilin province and crosses Inner Mongolia, Liaoning and Hebei provinces to end in the northeast port city of Tianjin. It w

Gazprom Board Discusses 2020’s Impact on Shale Gas and LNG

In a recent meeting, the Gazprom Board of Directors took note of information relating to the growth prospects of the shale gas and LNG industries across the world, as well as opportunities and threats facing the company.

CNPC, CNOOC Weigh Deal for Exxon’s Iraq Oil Field Stake

China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq

Repsol Sinopec Preparing for Decommissioning of UK North Sea field

Oil and gas company Repsol Sinopec has received approval from the UK authorities for preparation work scopes plan relating to the decommissioning of the Fulmar and Auk North installations located in the UK sector of the North Sea.

China's Oil Thirst Outweighs Its Recent Hydrocarbon Discoveries

(ATF) Hydrocarbon thirsty China, the world's largest oil importer and its largest greenhouse gas emitter by long way, is still going long on oil and gas exploration.

Cheniere HoA May Signal US-China LNG Trade Revival

Guangdong utility Foran has agreed to non-binding deal to delivery of cargoes, to add to the annual volumes it agreed to purchase from BP in July.

China Gas gas trade 2020-11-16

China-Australia tensions derail Scarborough gas talks

Trade and political tensions between China and Australia have disrupted Australian independent Woodside Petroleum's talks with Chinese investors over the possible sale of a stake in the Scarborough gas project.

China's Climate Goals Leave Gas Plans in Doubt

A sudden surge of activity in China's natural gas market has sparked questions about excessive investment and effects of the country's new climate goals.Investment interest in China's gas sector appears to be rising sharply, although gas demand has recovered only partially with China's economic rebound so far this year.

China Gas China Coal 2020-11-16

China Is Rapidly Expanding Its Oil Resources In Africa

China is making a major power play to expand its global energy influence. The United States has long played an outsized role in global geopolitics and energy markets thanks to the shale revolution which jettisoned the country to the top of the fossil fuel food chain.

U.S. LNG Exports To China Expected To Grow Substantially

After a year of non-existent liquefied natural gas (LNG) exports from one of the fastest-growing global suppliers, the United States, to the fastest-growing world importer, China, American LNG cargoes started to travel again to China in March this year.

China to Offer Tariff Exemptions; Global Gas Outlook Dims Further

China said Tuesday it would offer tariff exemptions for hundreds of U.S. goods, including crude oil and liquefied natural gas (LNG), as part of efforts to ease trade tensions.The country plans to accept applications from Chinese buyers starting early next month.

China’s gas demand to fall by 6-14 Bcm in 2020

China’s natural gas demand could drop between 6 billion cubic meters (Bcm) and 14 Bcm this year, depending on how long it takes the government to contain the coronavirus outbreak, Wood Mackenzie said Tuesday.

Gazprom hopes bulk of US LNG flows to be diverted to China, not Europe

Russian gas giant Gazprom hopes China rather than Europe will take the bulk of US LNG volumes after a trade deal between Washington and Beijing,

Global Market 2020-02-13

Analysts cut China's gas demand estimates as virus outbreak weighs

Several analysts cut their gas demand forecasts for China, the world’s top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.Estimates for the impact varied among five analysts who provided views for China’s gas demand to Reuters. Two of them expected demand to expand by just 6% thi

China’s Guizhou province sets shale gas target for 2025

China’s southwestern province of Guizhou has set up its shale gas development plan for 2025, aiming for 1.2 billion cubic metres (bcm) of production by then, state news agency Xinhua reported on Wednesday* Citing a provincial government document, the report said Guizhou aims for proven shale gas reserves of 50 bcm and build an annual production capacity of 2 bcm by 2025* Key production blocks include Zheng An and Xishui, while exploration work will be focused on Daozhen, Tongzi and Cengong blocks* Provincial government-backed Wujiang Energy Group and Sinopec Corp will be the main firms develop

Sinopec (SNP) to Review Multi-Billion LNG Deal With Cheniere

China Petroleum & Chemical Corporation SNP or Sinopec is expected to review the terms of a $16-billion liquefied natural gas (“LNG”) deal with Cheniere Energy, Inc. LNG, per Reuters. The drop in LNG prices is expected to have triggered the review of the supply deal.Notably, while China is set to become the biggest LNG importer by the end of the decade, the United States is likely to be the largest exporter within 2025, ahead of Qatar and Australia. This makes the world’s two biggest economies a perfect fit. While China is expected to import $18.5 billion worth of U.S. energy products this year

China LNG Sinopec 2020-01-22

Chinese demand for U.S. LNG unlikely to surge as long as tariffs remain

Chinese purchases of U.S. liquefied natural gas (LNG) are unlikely to surge, despite an agreement for China to buy more U.S. energy supplies, because tariffs on gas from the United States remain in place, analysts and traders said.Under a Phase 1 trade deal between the world’s two largest economies signed this week, China has committed to buying an additional $52.4 billion worth of U.S. energy supplies, including LNG, over the next two years.But a 25% tariff imposed by China on U.S. LNG, which has pushed the price of U.S. gas above the spot market and restricted purchases, remains for now whil

China LNG 2020-01-22

China Opens Up to Oil Majors at the Wrong Time

Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and foreign companies to apply for oil and gas exploration licenses that were previously only open to state-owned enterprises, the country’s resources ministry said at a briefing Thursday. In India, regulators will also let private and international companies bid for a group of coal blocks it’s putting up for auction starting this month, the country’s coal and mines minister Pralhad Joshi said this week, chipping away at a near-monop

Energy China Forum 2020 Recruitment Notification - International Project Officer

Energy China Forum 2020 Recruitment Notification - International Project Officer, Shanghai ChinaEnergy China ForumDowntown, Huangpu District, Shanghai, ChinaFull-timeResponsibility:1. Responsible for international project promotion, including planning, publicity and copywriting;2. Organize or provide assistance to international industry summit, global conferences and other events;3. Responsible for daily communication, marketing, maintenance and following up with global energy institute, governments, associations and energy companies;4. Responsible for market research, including industry dynam

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