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

Huadian’s exit puts NOCs in shale gas driving seat

State-owned power utility China Huadian’s exit from shale gas licences it won in late 2012 could prompt other companies to reconsider entering China’s shale gas sector and the wider upstream segment.China Huadian has reportedly handed back acreage that it won in China’s second shale gas exploration licensing round held in late 2012.

China Shale Gas 2019-08-23

【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

2019-08-14

ECF China Shale Weekly Review - August 11, 2019

ECF China Shale Weekly Review - August 11, 2019

ECF China Shale Weekly Review - August 4, 2019

ECF China Shale Weekly Review - August 4, 2019

【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 News】Shale Gas Profitability and Oilfield Service Market to Rise in China

According to market analyst report, due to the further improvement of shale gas technology, the single well production of shale gas Changning block has been significantly improved, and shale gas development has been more economical.End 2017End 2018Order Price of Shale Gas Wells - Xinjiang Beiken Energy30 million CNY drilling & completion per well30 million CNY drilling & completion per wellSingle Well Cost42 - 45 million CNY45 -50 million CNYPerforation Service (No Plugging)40,000 CNY / Section60,000 CNY / SectionFracturing400,000 - 500,000 CNY / Section600,000 - 800,000 CNY /

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

ECF China Shale Weekly Review - June 30, 2019

Energy China Forum 2019 the 9th Asia-Pacific Shale Gas & Oil Summit (Shanghai, China) Sept 25-27, 2019http://2019.energychinaforum.comEnergy 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 & Regulation1. Experts: What does the new China unconventional subsidies policy indicate?According to ECF reports last Friday, China's MOF released several new supplement rules of the Renewable Energy Development Special Fund, inc

【ECF News】Experts: What does the new China unconventional subsidies policy indicate?

According to ECF reports last Friday, China's MOF released several new supplement rules of the Renewable Energy Development Special Fund, including the subsidies for unconventional gas development.【ECF News】MOF: Unconventional Gas Development will gain subsidies from new special fundSO, what does the new subsidies policy mean and what influences it will take on China's unconventional oil & gas? According to Wang Hongyan, Director of CNPC RIPED Unconventional Institute and Deputy Director of National Energy Shale Gas R&D Center, this new policy reflects changes in five aspects:First, it is very

ECF China Shale Weekly Review - June 23, 2019

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 & Regulation1. MOF: Unconventional Gas Development will gain subsidies from new special fundAccording to a notice released by China's Ministry of Finance on June 11, several new supplement rules of the Renewable Energy Development Special Fund were cofirmed, including the subsidies for unconventional gas development.The Special Fund includes supportive reward fo

【ECF News】MOF: Unconventional Gas Development will gain subsidies from new special fund

According to a notice released by China's Ministry of Finance on June 11, several new supplement rules of the Renewable Energy Development Special Fund were cofirmed, including the subsidiary for unconventional gas development.The Special Fund includes supportive reward for hydropower efficiency expansion and transformation in rural area, subsidiary for unconventional natural gas development and will be effective during 2019-2023.According to MOF, the Special Fund will support unconventional gas exploitation and utilization including coalbed methan, shale gas and tight gas. The production amou

China Set To Miss Shale Gas Production Target By A Mile

Challenging geology, insufficient infrastructure, and low well productivity are set to result in China badly missing its own shale gas production target to 2020, analysts say. China has set a target to produce 30 billion cubic meters (bcm) of shale gas per year by 2020.Yet, according to analysts at S&P Global Platts Analytics and Wood Mackenzie, China will barely meet half of that target by next year, despite the increased efforts to tap more shale gas resources to add to the domestic gas supply amid soaring demand as many households are switching from coal-fired to gas-fired heating.“We thin

China Shale Gas 2019-05-06

Chinese shale struggles to get moving

The Asian giant is having difficulties emulating the US shale gas revolution, but is determined to keep developing its own resourcesUncertainty over the future of shale gas in China is not just a concern for a gas-hungry country ever more dependent on imports. It also impacts the world's LNG producers, with China now their main growth market. The government's 2020 output target may look unachievable, and the challenges are immense — but one should not underestimate Beijing's determination to make a success of shale gas.In 2012, the government set a target of 60-100bn m³/yr of shale gas product

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