Sinopec Unloads World's Biggest Liquified Natural Gas Carrier

Abstract : China Petroleum & Chemical Corporation (Sinopec) has unloaded the world's largest liquified natural gas (LNG) carrier "AL MAFYAR" for the first time as it berthed in north China's Tianjin Municipality.

Sinopec China LNG 2020-11-17

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

China Gas China Shale Oil China Oil CNPC China Shale Gas 2020-01-12

【ECF News】NDRC: National oil & gas pipeline company does not participate in competitive businesses such as oil and gas E&P

On the morning of December 17, NDRC held a December press conference. Meng Wei, deputy director and press spokesperson of NDRC's Political Research Office, said the national pipeline company will focus on its main business of oil and gas transportation, without participation on other competitive businesses such as oil & gas exploration and production, import & export or distribution. China on Dec 9 set up a new centrally-administered state-owned enterprise (SOE), the China Oil & Gas Piping Network Corporation.The company will partly be responsible for the investment, construction and interconn

China Gas Pipeline China Shale Oil ECFShale China Shale Gas PipeChina 2019-12-24

China's Sinopec starts operating shale gas pipeline from southwest

China's Sinopec said on Tuesday it had put into operation a pipeline delivering 2.6 million cubic metres a day of shale gas from the Fuling field in Chongqing in southwestern China to central and eastern ChinaThe Nanchuan-Fuling pipeline was built on challenging terrain, crossing steep slopes and a suspension bridge, said a report on the company's microblogChina's top shale gas field, Fuling is expected to pump at a record 7 billion cubic metres (bcm) in 2020, as Sinopec is set to add nearly 100 new production wells this year, Reuters reported in September.

China Gas Pipeline China Shale Gas 2019-12-19

Chinese buyers offer to resell LNG cargoes as they struggle with weak demand

Chinese companies are offering to resell liquefied natural gas cargoes in the spot market as they grapple with high inventory amid weak demand due to a slowing economy and a milder than usual winter, several trade sources said on Monday.The world’s second-largest buyer of LNG is currently facing high inventory of the super-chilled fuel in some areas, several sources familiar with the Chinese market told Reuters.“It’s quite warm in China and the demand is very bad,” one of the sources with a state-owned company said, declining to be named as he was not authorized to speak with media.He added th

China LNG 2019-12-11

China launches long-awaited National Pipeline Company Dec 9

China launched its long-awaited national pipeline company Monday, state-owned Xinhua news agency reported, a move that is set to expand infrastructure access to energy industry stakeholders.The new company is expected to break up long-existing monopolies in China's oil and gas sectors, with the ultimate goal of enhancing supply security and lowering the cost of the country's energy consumption, market sources said."[This is] a key step towards deepening China's oil and gas reforms by increasing suppliers and supply channels of upstream resources and building a more efficient and competitive pi

China Gas Pipeline PipeChina 2019-12-10

China-Russia east-route natural gas pipeline in operation

The China-Russia east-route natural gas pipeline was put into operation on Monday.At the gas-distributing and compressing station in the city of Heihe, northeast China's Heilongjiang Province, the data screen was switched on, indicating parameter variations of the gas passage. The station is the first stop after the Russia-supplied natural gas enters China.The pipeline is scheduled to provide China with 5 billion cubic meters of Russian gas in 2020 and the amount is expected to increase to 38 billion cubic meters annually from 2024, under a 30-year contract worth 400 billion U.S. dollars signe

China Gas Pipeline 2019-12-04

CNOOC'S TIANJIN TERMINAL PREPARES FOR WINTER SEASON

Cnooc Gas and Power’s Tianjin LNG receiving terminal is expected to supply 1.4bn m3 of regasified LNG via pipeline and 1.6bn m3 of LNG via tanker trucks to downstream customers in northern China during the winter season that runs from November to March, the company said November 25.Last year, Cnooc Gas and Power completed the project to expand the truck loading capacity of Tianjin LNG receiving terminal located in the northern Chinese prefecture of Tianjin. The terminal’s loading capacity increased from 400 trucks/day to 600 trucks/day which will help in increasing supply of gas to the Beijing

China LNG Terminal CNOOC 2019-11-28

China and Russia to turn on gas pipeline tap as neighbours forge stronger energy ties

Natural gas is set to begin flowing from Siberia into northeastern China early next month, opening up a new supply route between Russia and its energy-hungry neighbour.The project, a joint agreement between state energy giants China National Petroleum Corporation and Russia’s Gazprom, is part of efforts to bolster economic and diplomatic ties between the two countries, relations that have strengthened over the five years since the project was launched.In Moscow on Monday, Chinese vice foreign minister Le Yucheng called the project a “major achievement”, marking both the 70th anniversary of dip

China Natural Gas 2019-11-27

How Russia-China Gas Pipeline Changes Energy Calculus

Russia is pivoting its energy business to the east. The world’s largest exporter of natural gas has built an enormous pipeline running from Siberia to the Chinese border to feed China’s insatiable energy appetite. The new conduit, called the Power of Siberia, is part of a plan by Russian President Vladimir Putin to reduce his country’s dependence on gas markets in Europe and tap into the fast-growing economies of Asia. For China, whose domestic energy production can’t keep up with demand, the pipeline offers a vital new source of supply.1. What is the Power of Siberia?Built by Russian energy g

China Natural Gas 2019-11-26

China CNPC's $8.5 bln gas storage project starts construction

China National Petroleum Corp’s (CNPC) unit Liaohe Oilfield of CNPC kicked off construction of its gas storage group project in Panjin city in Liaoning province on Wednesday, the state-backed China News Service saidThe project, jointly invested in by Liaohe Oilfield of CNPC and the Panjin government to the tune of about 60 billion yuan ($8.5 billion), is aiming for storage capacity of 11.5 billion cubic meters, according to China News.The Liaohe project is expected to become the biggest underground natural gas storage centre in northeast China and the Beijing-Tianjin-Hebei region, the media sa

China Gas Storage 2019-11-21

Putin & Xi to launch strategic natural gas pipeline from Russia to China in December

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping will take part in the launching ceremony of the Power of Siberia gas pipeline, set to be held next month.While the leaders will not be physically present at the event, they will join via a teleconference, Russian presidential aide Yury Ushakov told media on Monday. The Chinese Foreign Ministry confirmed the official ceremony will happen when the pipeline becomes operational in December.“The Sino-Russian eastern route was agreed by the leaders of the two states. This is an important strategic project in the field of energy

2019-11-14

China wind power firm plans $1B LNG terminal

China’s Suntien Green Energy Company Ltd., a wind power producer and piped natural gas distributor, plans to build a $1 billion liquefied natural gas (LNG) receiving terminal in north China by 2023, a company official told Reuters.The company, backed by the Hebei provincial government, joins a handful of Chinese companies outside the dominant state energy giants looking to own and operate a receiving facility for LNG, of which China is the world’s second-largest buyer, Kallanish Energy learns.In a Hong Kong exchange filing last week, Suntien said the central government had approved its plan to

China LNG Terminal 2019-11-06

Tianjin port sees surging natural gas imports

Natural gas imports via north China's Tianjin port soared 91.2 percent year on year in the first three quarters to 7.12 million tonnes, according to Tianjin Customs Tuesday.The imports were all liquefied natural gas, and the total value grew 88.8 percent to 23.46 billion yuan (about 3.3 billion U.S. dollars), making Tianjin port China's largest port for liquefied natural gas imports.Natural gas imported from Australia rose 110 percent to 4.84 million tonnes in the first three quarters, accounting for 67.9 percent of the total.As an efficient and green energy source, the imported liquefied natu

China LNG Terminal China LNG 2019-11-01

Gazprom finishes filling China-bound Power of Siberia gas pipeline

Russian gas producer Gazprom has finished filling the Power of Siberia pipeline to China with natural gas, it said on Tuesday.Gas flows to China from east Siberia are scheduled to start by the end of the year, Gazprom said.

China Gas Pipeline 2019-11-01

The Pipeline That Could Derail China's LNG Boom

China’s booming natural gas and liquefied natural gas (LNG) demand is set to cool off, with both demand growth and LNG import growth slowing down from the dizzy growth rates of the past few years.A major natural gas pipeline designed to ship gas from Russia’s eastern natural gas fields to China could further eat some of the growth in Chinese LNG imports in a few years, when the pipeline starts operations at full capacity, according to an S&P Global Platts analysis.Earlier this month, Russia’s gas giant Gazprom said that the Power of Siberia pipeline to China is being filled up with gas as sche

China Gas Pipeline China Natural Gas 2019-10-23

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 Natural Gas Energy Reform China Gas Pipeline China Policy 2019-06-10

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

China Gas Pipeline CNPC 2019-05-24