New Infrastructure Could Spur Gas Demand Boost In China

China announced in March it was going to spin off the pipeline operating assets of the three state oil and gas majors and create a separate entity dedicated solely to this infrastructure. The announcement was welcomed by the local energy industry and it should also be welcomed by foreign oil and particularly gas producers.In a recent note, Credit Suisse analysts said, as quoted by Bloomberg’s Dan Murtaugh, that the pipeline asset spin-off would encourage greater competition on the natural gas market and lead to lower prices, which would in turn spur even more demand for the fuel.“We do not bel

China's ‘Game Changer’ Pipeline Reform to Supercharge Gas Demand

China’s looming pipeline reform is poised to spur competition in its natural gas industry, lowering prices and supercharging demand from the world’s top importer in years to come, according to Credit Suisse Group AG.The government is creating a national pipeline operator from the assets of its three biggest oil and gas companies. The move will break a monopoly that China’s state-owned giants have over downstream users and result in gas prices falling 10% over 2020 and 2021, the bank’s analysts including Horace Tse said in a report. The national operator is likely to be formed by August, Citigr

China Gas Pipeline 2019-06-05

China's Guangdong Energy, Shenzhen Energy receive first LNG cargo at Dapeng terminal

Chinese state-owned power utilities Guangdong Energy Group and Shenzhen Energy Group received their first jointly purchased LNG cargo at the Dapeng LNG terminal in Shenzhen city on Wednesday, Guangdong Energy said in a statement on its website Thursday.The delivery of the 65,000 mt LNG cargo at the CNOOC-operated Dapeng LNG terminal in southern Guangdong province reflects China's plans to introduce market reforms in the gas sector including the liberalization of the gas market and opening up of infrastructure access for smaller downstream users.Guangdong Energy and Shenzhen Energy expect anoth

China LNG 2019-05-27

PetroChina raising gas prices ahead of pipeline reshuffle

PetroChina is bucking normal practice and raising its wholesale natural gas prices during the weak-demand spring season, several sources said, preparing for the coming consolidation of China’s pipeline assets and trying to recoup huge fuel import losses.The increases from PetroChina - which supplies more than 70 percent of China’s gas - come as spring brings warmer temperatures, when demand and prices typically fall.PetroChina is also under pressure to recoup continuing losses from its gas import business due to high input costs versus government-capped domestic prices, sources with knowledge

Natural gas pipeline network benefits southern Xinjiang

A natural gas pipeline has started operation this month in Wushi County, northwest China's Xinjiang Uygur Autonomous Region, signifying the basic coverage of a pipeline network in southern Xinjiang."I'm so happy I don't have to use bottled gas anymore," said Aizimaiti Mamuti, a resident in Wushi. "It makes cooking much easier and cheaper. I only need to turn on the switch to light a fire and spend less than 0.7 yuan (about 0.1 U.S. dollars) a day on the fuel."The construction of Wushi pipeline is part of a project to transport gas from Tarim Oilfield, one of China's largest natural gas produce

China Gas Pipeline 2019-05-24

【PR】4th World Gas & LNG Conference-Exhibition Russia 2019

Event Date : 29-30th Oct. 2019 Location : Moscow, Russia Weblink: http://www.szwgroup.com/world-gas-lng-conference-exhibition-russia-2019/ 4th World Gas & LNG Conference-Exhibition Russia 2019 will provide a valuable opportunity for international players to network with the local community and more clearly & exactly grasp the updated information about Russia gas development policies, regulation frameworks, projects and engagement strategies from industry experts. Who should sponsor ?l LNG Companyl LNG Trading company l LNG Equitment and Service Vendorl EPC Contractor l LNG Shipping Oper

Global Market 2019-05-22

China’s Zhejiang Energy plans to build LNG receiving terminal in Liuheng

China’s Zhejiang Energy has signed a cooperation framework agreement with Shenzhen Energy and Liuheng management committee, the local administrative agency in Zhejiang Zhoushan islands new district, to jointly invest and develop an LNG receiving terminal project in Liuheng island, east China, a source with the company said Friday.The first phase of the project will include building one berth capable of berthing 266,000 cubic meter LNG carriers, one LNG ship refueling terminal and three LNG storage tanks of 200,000 cu m each, which is expected to have a handling capacity of around 3 million mt.

China LNG Terminal 2019-05-20

Gazprom and CNPC discuss pipeline gas supplies to China

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place this week in Beijing, China.The meeting participants reviewed the development prospects of the Chinese gas market and the strategic aspects of co-operation between Gazprom and CNPC, paying particular attention to gas supplies. It was noted that the preparation of facilities for Russian gas exports to China via the Power of Siberia gas pipeline from 1 December 2019, is going according to schedule. It is planned to start injecting natural g

CNPC China Natural Gas 2019-04-29

Russia's Gazprom to begin gas injection into China pipeline in Q3

Gas giant Gazprom plans to start injections of Russian gas into the 38 Bcm/year capacity Power of Siberia pipeline in the third quarter of 2019 ahead of first commercial flows to China at the start of December, the company said late Thursday.Following talks with CNPC chairman Wang Yilin in Beijing, Gazprom CEO Alexei Miller said the preparation of the facilities for Russian gas exports to China via Power of Siberia was going "according to schedule."The 2,200 km line will initially be filled with gas from the giant Chayandinskoye field before gas from the Kovykta field is added to the supply."

China Gas Pipeline 2019-04-29

Sinopec starts regasified LNG injections at Wen23

China's state-controlled energy firm Sinopec has started injecting regasified LNG into its new and largest underground gas storage site Wen23 at the Zhongyuan field in central Henan province.The Wen23 storage site began receiving injections of regasified LNG from 20 April. The LNG received at Sinopec's 3mn t/yr Tianjin terminal in northern China is delivered to Wen23 via the Sinopec-operated Erdos-Anping-Cangzhou gas pipeline.The 7bn m³ first phase of the pipeline started operations in mid-November last year.The call on LNG at the Tianjin terminal is likely to increase now that it is connected

Sinopec China LNG 2019-04-24

Sinopec's gas storage start-up set to increase China's gas, LNG supply optionality

China's state-owned Sinopec has started sending natural gas imported from its Tianjin LNG terminal to the newly built Wen 23 underground gas storage in Puyang, northern Henan province, through its Ordos-Anping-Cangzhou gas pipeline, the company said on its website Tuesday.The 10.4-Bcm gas storage facility, the largest in China's central and eastern regions, is set to boost Sinopec's gas supply optionality and flexibility in northeast China, a key LNG consumption center and driver of fundamentals and spot prices in the wider Asian LNG markets.The project is one of several underground gas storag

Sinopec China LNG 2019-04-24

Russia and China close to deal on ‘very big’ Arctic projects that would move natural gas

Russia and China are on the cusp of making a deal to pursue “very big” infrastructure projects that would help bring natural gas out of the Arctic, according to a top Russian diplomat.“Almost everything has been completed so far, but there is only one gap, which is the price,” said Andrey Denisov, Russia's ambassador to China. “Price is the final detail but a crucial one, and it’s quite natural in the discussion between seller and buyer — the seller wants the price as high as possible but the buyer wants to pay as little as possible.”The partnership is expected to involve Chinese and Russian e

China LNG 2019-04-22

CNOOC offers LNG cargo for July delivery amid high stocks in China

China National Offshore Oil Corp (CNOOC) is offering to buyers a cargo of liquefied natural gas (LNG) for July delivery, three sources said.The cargo is being offered from CNOOC’s LNG receiving terminal in the southern province of Hainan for delivery to ports outside China from July 1-7, two of the sources said.It is offered on a delivered-ex-ship basis, meaning shipping will be provided by CNOOC. The Hoegh Esperanza will be used to deliver the cargo, one source said.The tender opened on April 16 and the deadline for bids is April 18.The offer highlights China’s reduced appetite for LNG after

CNOOC China LNG 2019-04-19

PetroChina to build more gas import terminals as Beijing aims to trim trade surplus with US

State-backed energy giant PetroChina plans to build more terminals to receive imported natural gas, including from the US, in a move which would help relieve Sino-US trade tension.The plan to build facilities to process chilled and liquefied gas arriving by ship in Shandong, Liaoning, Guangdong and Fujian provinces was announced by officials at gas-distribution subsidiary Kunlun Energy, which has been tasked with testing their feasibility.“Kunlun has import terminals in Jiangsu, Tangshan, Dalian, and PetroChina is building one in Shenzhen,” Kunlun chief executive Zhao Yongqi told reporters aft

China Gas Storage CNPC 2019-04-17

Second West-East Gas Pipeline set to start Hong Kong supplies this summer

It sounds like an engineer's pipe dream - a 9,000-kilometre-long pipeline stretching from Turkmenistan in Central Asia to Hong Kong and bringing energy to the homes of more than 500 million people along the way.This summer, the dream becomes a reality for Hong Kong as the world's longest natural gas pipeline begins providing an environmentally-friendly new supply of energy to keep our city buzzing around the clock.The Second West-East Gas Pipeline is the single biggest energy investment project in the history of the country. Begun in 2008, it is already powering cities across the mainland. It

China Gas Pipeline 2019-04-17

Big Projects: China-Russia gas pipeline enters final stage of construction

Construction of the Power of Siberia gas pipeline has entered its final stage. The pipeline is the first of its kind that directly connects the vast natural gas fields of Russia with consumers in China. It is scheduled to annually deliver 38 billion cubic meters of natural gas over the next 30 years. CGTN's Aljosa Milenkovic reports from the Russian town of Blagoveshchensk, where Power of Siberia crosses into China.A typical March day in Blagoveshchensk. Strong, but yet not unexpected blizzard with temperatures plunging as low as -20 degrees Celsius in middle of March are not uncommon here. An

China Gas Pipeline 2019-04-11

Major oil, gas platform to be shipped to South China Sea

"Dongfang 13-2 CEPB," the second largest offshore oil production and processing platform in China, was completed for shipment at the Gaolan Port in the city of Zhuhai in south China's Guangdong Province earlier this month and will be shipped to the Yinggehai Basin of the South China Sea Wednesday.The "Dongfang 13-2 CEPB" platform built by Zhuhai COOEC (China's Offshore Oil Engineering Company)-Fluor Heavy Industries Co. Ltd. is a comprehensive oil and gas processing platform.The floating weight of the platform is 17,247 tonnes, equivalent to the weight of 10,000 ordinary cars, and cover

CNOOC 2019-04-09

China Moves to Create National Pipeline Titan

China’s efforts to create a national oil and gas pipeline company are set to accelerate, as Beijing looks to overhaul a sector long dominated by state-owned giants.Private investors will be encouraged to take a stake in a new pipeline company, but it will be controlled by state-owned assets, according to a report on state-run China Central Television (CCTV) on Tuesday, which cited a high-level government meeting held by President Xi Jinping.This news came after the creation of such a company was mentioned for the first time in a work report of the National Development and Reform Commission ear

Gazprom: China pipeline to be ready three months early

Russia’s de-facto gas export monopoly Gazprom says it will start filling the Power of Siberia pipeline to China from September 1, rather than December, as was initially proposed.Gazprom and CNPC signed a contract worth US$400 billion to supply 38 billion cubic metres (bcm) of gas per year over 30 years through the pipeline (pictured).During this year Gazprom said it planned to invest about US$2.24 billion into the project, which is far less technically challenging than its other giant pipeline projects that are due to be completed this year: Nord Stream 2 under the Baltic Sea to Germany and Tu

China Gas Pipeline 2019-03-19

Kyrgyzstan intends to accelerate project of Turkmen gas transit to China

Kyrgyzstan will have to step up work on the construction of the Turkmenistan-Kyrgyzstan-China gas pipeline, Trend reports referring to the statement by Kyrgyz President Sooronbai Jeenbekov, published by the Kyrgyz presidential administration's press service."It is of great importance to use all the capabilities of Turkmenistan in the fields of fuel and energy, as well as the field of investment," as stated by the president.It was reported earlier that the construction of the 4th branch "D" of the Turkmenistan-China gas pipeline via Kyrgyzstan is scheduled to commence by late 2019. The State Co

China Natural Gas 2019-03-18
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