Does China Need More Gas From Russia and Central Asia?

China’s commitment to full carbon neutrality by 2060 means that the country needs to reduce the consumption of all fossil fuels, including natural gas. What does that mean for Russia and Central Asia?Alexander Ryumin / TASSChinese President Xi Jinping announced to the UN General Assembly in September 2020 that in 40 years, China would achieve carbon neutrality. According to the road map prepared by China’s climate scientists, by 2060 the country will reduce oil consumption by 65% and natural gas consumption by 75%. Such plans jeopardize the future of large-scale gas pipeline projects to bring

China Gas Import 2021-01-13

PetroChina and Sinopec Jointly Promote the Weirong Shale Gas Transmission Channel

CNPC and Sinopec jointly discussed the feasibility of opening the Weirong shale gas transmission channel to ensure the smooth sales of the Weirong gas field from 400,000 cubic meters per day to 3 million cubic meters per day.

Shale Gas CNPC Sinopec 2020-12-17

Argentina to Award Natural Gas Tenders in Mid December

Argentina is scheduled to announce the winners of bids in the natural gas tender program on Dec. 15, according to Energy Secretary Darío Martinez.Winning companies are to be judged based on a “mechanism that guarantees transparency and competitiveness between producers,” according to Martinez.

The Ministry of Natural Resources publicly transferred six exploration blocks of Guizhou shale gas prospecting rights

In order to implement the opinions of the Ministry of natural resources on promoting the reform of mineral resources management (Trial Implementation) and actively promote the competitive transfer of oil and gas exploration rights, the Ministry of natural resources recently sold six shale gas exploration blocks in Guizhou through Guizhou public resources trading center.The 6 shale gas prospecting right exploration blocks listed for sale this time total 695 square kilometers, and the first transfer period is 5 years. Domestic and foreign companies registered in the People's Republic of China wi

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.

CNPC will accelerate innovation and cooperation in shale gas development

On November 5, Dai Houliang, chairman of CNPC, disclosed that in the future, CNPC will accelerate the pace of innovation and cooperation in key business areas such as the integration of natural gas and LNG, shale gas development and deep-water ultra-deep water; at the same time, it will make efforts in the field of new energy and new materials, shape new formats, deploy innovation chain around the industrial chain, and enhance value by relying on the innovation chain To speed up the digital transformation and promote the company's innovation and cooperation to a new level.

CNPC China Shale Gas 2020-11-09

Fuling shale gas field obtains two more mining rights

On November 1, we learned from Fuling shale gas company of Jianghan Oilfield that the two new applications for mining rights in Jiangdong block and Pingqiao block of Fuling shale gas field passed the examination and approval of the Ministry of natural resources of the people's Republic of China, marking the formal acquisition of mining rights in Jiangdong and Pingqiao blocks of the gas field, laying a solid resource foundation for the stable production and production of Fuling shale gas field.

ECF China Shale Weekly Review - Aug 2th

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Policy & Industry1. New proven shale gas reserves increased significantly in 2019, Ministry of Natural Resources: China's investment in oil and gas exploration and exploitation increased significantly in 2019, and exploration investment reached the highest in history. The new proven reserves of shale gas were 764.24 billion cubic meters, a year-on-year increase of 513.1%. The new reserves came from CNPC’s Changning shale gas field,

CNPC adjusts its business scope!

Recently, CNPC announced that according to the actual situation of the company's business development, in order to meet the needs of oil and gas resources, geothermal resources exploration and exploitation, production and operation of some refining and chemical products, and meet the operation requirements of PetroChina's electronic sales platform, the following adjustments are proposed to the company's business scope.First, adjust "oil and natural gas exploration and production" to "exploration, exploitation and sales of oil, natural gas, coalbed methane, shale gas, shale oil, natural gas hyd

CNPC 2020-05-20

Officially implemented! The Ministry of Natural Resources publishes "Opinions on Promoting the Reform of Mineral Resources Management (Trial)"

On May 1, the "Opinions on Promoting Reform of Mineral Resources Management (Trial)" (hereinafter referred to as "Opinions") issued by the Ministry of Natural Resources was formally implemented. This reform includes many measures-competitive transfer of mining rights, opening up the oil and gas market, and giving full play to the decisive role of the market in allocating resources; reducing materials and links in reserve management, loosening and reducing burdens for enterprises ... all decentralized It can be canceled resolutely, and a series of “deregulation and service” reform measures will

China's crude inventory decline may augur a rebalancing oil market

The great oil glut of 2020 may have already peaked in the world’s biggest crude importer.Crude inventories in China have shrunk in recent weeks after rising to record levels, according to analysts and satellite observations. Supplies have been drawn out of storage as refineries ramp up operations to meet rising demand from an economy emerging from lockdown.Inventories drawing in the world’s biggest importer is an early sign that rebalancing may have begun in the global oil market after an epic collapse in demand, according to Morgan Stanley. Stockpiles dwindled even as oil imports in April inc

China Oil 2020-05-12

ECF China Shale Weekly Review - May 2

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. China set to issue first-ever export quotas for VLSFO of 10 mln T for 2020 -sources, April 28, China is set to release its first-ever quotas to export very low sulphur fuel oil (VLSFO) with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday. The quotas, which followed Beijing’s polic

ECFShale 2020-05-06

China set to issue first-ever export quotas for VLSFO of 10 mln T for 2020 -sources

SINGAPORE/BEIJING, April 28 (Reuters) - China is set to release its first-ever quotas to export very low sulphur fuel oil (VLSFO) with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday.The quotas, which followed Beijing’s policy in January to offer tax sweeteners to boost local production of the fuel, paves the way for Chinese refiners to almost fully cover the demand from its coastal bonded marine fuel market of 12 million tonnes annually.The quotas will be issued to four state-run firms - Sinopec Group, CNPC, China National

China Oil Output 2020-04-30

Insight from Shanghai: Can shale gas secure China’s energy security?

As China’s energy imports rise, so energy security climbs up the political agenda.In 2014 Xi Jinping, General Secretary of the Communist Party of China, outlined a long-term energy strategy that included strengthening the domestic and overseas supply of oil and gas.More recently, external pressures, notably a more bellicose United States, China’s key strategic competitor, have only heightened China’s vulnerability as energy imports continue to climb.It is against this backdrop that in July 2018, Xi Jinping called on China’s major oil and gas companies to take measures to boost domestic output

ECF China Shale Weekly Review - April 26

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. Ministry of natural resources: Approval and decentralization of some mineral mining rights, The Ministry of Natural Resources announced on the 17th that from May 1, 2020, the same level of management shall be implemented for the registration of prospecting rights and mining rights of the same mineral.From May 1, 2020, 14 mineral resources of petrole

2020-04-27

Argentina puts on hold policies for ramping up shale oil production

Decline in global demand limits export possibilitiesEfforts to focus on sustaining crude output at low levelsThis may be done by setting a minimum local price at $45/bBuenos Aires — Argentina has put on hold policies and incentives for ramping up oil production from the Vaca Muerta shale play as a global glut of crude supplies curbs export opportunities, Production Minister Matias Kulfas said."Vaca Muerta has huge potential, but is an issue that will have to wait because of the international situation," Kulfas, the country's chief energy strategist, said late Tuesday in reference to a plunge i

Global Market 2020-04-24

Personality and Regional Politics Drive Digital Decision-Making in the Oil Sector

More than many other industries, the characteristics of regional oil markets depend substantially on the personalities of the oil majors present in them. Because of decades of government financial support, and often government ownership, regional oil markets behave very differently. These different identities shape how they react to change.The Covid-19 pandemic is one example of the differing strategies of regional oil players when under pressure. Another example has been the emergence of cheap U.S. shale oil and gas. Whenever price shocks occur due to demand changes or large new suppliers ent

Global Market 2020-04-23

ECF China Shale Weekly Review - April 19

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. CNPC: Accelerating digital transformation, On April 15, Dai Houliang, chairman of CNPC, presided over a meeting, listened to the report of CNPC's digital transformation and development framework, and arranged and deployed the key work of digital transformation. He stressed that we should thoroughly study and implement the spirit of speech by general

ECF 2020-04-20

ECF China Shale Weekly Review - April 5, 2020

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1.China state-owned oil companies cut capital expenditures, "Increase storage and production" plan frustratedForced by the plunge in oil prices, CNPC, Sinopec and CNOOC had to adjust to implement only one-seventh of the plan to increase reserves and increase production. In the 2019 financial report released recently by CNPC, Sinopec and CNOOC, they rar

ECF ECFShale 2020-04-07

China's Sinopec to accelerate 2020 gas business development amid higher revenue

China's Sinopec to accelerate 2020 gas business development amid higher revenue

Sinopec 2020-04-01
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