Beijing wants more Russian gas as Gazprom’s mega pipeline to China nears completion

China is interested in extra supplies of Russian gas through the Power of Siberia pipeline which is nearing completion, according to the Russian state-run energy giant, Gazprom, that is implementing the project.“The Chinese partners are very interested in additional volumes, though the final amount as well as the price is not agreed yet,” the head of Gazprom’s export branch Elena Burmistrova said at the company’s news conference in Moscow.The top executive stressed that the Russian energy major expects formal arrangements on the issues to be reached in the near future.The Power of Siberia is a

China Natural Gas 2019-05-31

China’s April LNG supply from Australia hits record high, up 61% on year

China imported a record high 2.79 million mt of LNG from Australia in April, up 61.3% year on year, latest customs data showed, amid growing domestic gas consumption, rising Australian LNG export capacity and trade tensions between China and the US.“Chinese LNG imports are growing and without a significant influx of US LNG, they are likely going to look to other sources of supply,” said Jeff Moore, Manager, Asian LNG Analytics, with S&P Global Platts.Meanwhile, regional supply has increased on a year-on-year basis as global LNG export expansions have met weak consumption in Japan and South Kor

China LNG 2019-05-29

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

【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 gas distributors set for steady profitability

Gross margins on gas sales, an important driver of earnings growth for China’s gas distributors, will remain stable this year despite concerns they could be compressed by retail gas price cutsThe margins of most companies that distribute gas to homes and businesses in China are expected to remain steady this year despite retail price cuts in some key provincial markets and ongoing uncertainty over the future of connection feesChina’s gas demand was up by 10% in the first four months of 2019, to 97 billion cubic metres, the National Development and Reform Commission said on Friday.

China Natural Gas 2019-05-21

Engines chosen for first LNG-fuelled PSVs for Chinese owner

China Oilfield Services Co Ltd (COSL) will equip 12 LNG-fuelled platform supply vessels with 40 Wärtsilä dual-fuel generating sets. Eight of the platform supply vessels (PSVs) are on order or under construction at the Wuchang Shipbuilding Heavy Industry yard, with the remaining four being built at the Liaonan Shipyard in China.A majority-owned subsidiary of state-run China National Offshore Oil Corporation, COSL will be the first Chinese owner to have dual-fuel PSVs.The 40 Wärtsilä 20DF dual-fuel engines are scheduled to be delivered to the shipyards at the end of 2019. The Wärtsilä dual-fuel

CNOOC China LNG 2019-05-16

China’s biggest gas distributor warns against including connection fee in return cap

Beijing shouldn’t include customer connection fees in the calculation of a proposed cap on natural gas distribution returns or it will risk damaging industry development incentives, according to one of China’s largest gas distributors.Sean Wang Shaojian, chief executive of Hebei province-based ENN Energy, which accounted for 7 per cent of natural gas consumed in China last year, said the industry opposes such an idea as it works against policy-makers’ objective to boost natural gas usage to combat pollution.“Connection fees should not be included in the proposed cap’s calculation because China

China Natural Gas 2019-05-14

Yamal LNG’s cargo to China signals start of regular supply

Russia’s Yamal liquefied natural gas (LNG) project has sent its first cargo to China this year, signalling the start of regular flows from the producer to Asia.The cargo is onboard the Clean Planet vessel, on route to the PetroChina-controlled Caofeidian gas terminal in Tangshan, according to Refinitiv Eikon shipping data. It is due to arrive on May 20.A low price spread between European and Asian LNG prices this year had confined Yamal’s cargoes to Europe, Refinitiv data shows.Yamal has agreed to supply 3 million tonnes of LNG to PetroChina over 20 years. The deal was expected to take effect

China LNG 2019-05-07

Kunlun Energy aiming to complete oil and gas assets disposal by year end to focus on distribution

Kunlun Energy is aiming to complete the disposal of its oil and gas production assets by the end of this year to sharpen its focus as the listed natural gas distribution unit of oil and gas giant PetroChina, its chairman said on Friday.Huang Weihe said it will take time to execute the planned assets sale since it involves various jurisdictions, including in China, Thailand, Peru, Oman, Kazakhstan and Azerbaijan.“We are striving to complete the sale of some, if not all, of our upstream production assets before the end of this year,” he told reporters after the company’s annual shareholder meeti

China Investment 2019-04-18

China's shipping companies invests on gas carriers due to growing LNG demand

China Business Times reported that shipping operators are expecting a steady profit as the demand for natural gas grows in the Asian market. Because of the high demand of the liquefied natural gas in Asia’s transportation and industries, the demand for liquid natural gas carrier ships is also expected to increase soon as a raft of United States natural gas projects starts to operate these coming years. It is expected that the new gas projects will boost the number of global fleet tankers of seagoing liquid natural gas tankers by as much as a third as shipping operators encounter sharp swings i

China LNG 2019-03-21

In a sleepy Louisiana town, two Chinese chemicals firms are being hit on multiple fronts by the trade war

US President Donald Trump’s trade war with China has thrown a spanner in the works of two Chinese chemicals companies spending billions of dollars building factories in the United States.Yuhuang Chemical was started in 1994 by a village branch of the Chinese Communist Party in Shandong Province, but in 2014, it raised some eyebrows when it announced plans to build a US$1.85 billion methanol plant in St James Parish, Louisiana.Last year, Wanhua Chemical, a listed company also from Shandong, followed suit with plans to build a US$1.25 billion plant in the same town in Louisiana, which has a popu

2019-03-12

Beijing Adds 3 Million Households To Overstretched Gas Network

China’s natural gas demand could grow by 4.5 billion cubic meters next year as Beijing added another three million households to gas heating, Reuters has calculated. The number is higher than last year’s additions, which caused shortages in northern China due to insufficient supply of the commodity during the winter months.The 4.5 billion cubic meters figure, Reuters notes, would cover the period between November 15 and March 15, but the agency also cites analysts as saying this increase in demand may not lead to an increase in overall consumption in the country: the gas needed to heat the add

China Natural Gas 2018-12-17

Zhejiang increases gas use by 26% so far in 2018

East China’s Zhejiang province increased its gas consumption by 26% on an annual basis in the first 11 months of 2018, to 11.9 billion cubic metres, the local government said on Tuesday.The first and second West-East Pipelines, the Sichuan-East China Pipeline and China National Offshore Oil Corp.’s Ningbo LNG terminal supplied a combined 9.76 bcm, while the remaining 2.20 bcm arrived as trucked LNG.

China Natural Gas 2018-12-07

China Builds World's 1st Arctic LNG Tanker Able to Operate in Winter

China has finished building the world's first Arctic liquefied natural gas (LNG) tanker capable of operating at temperatures below minus 50 degrees Celsius (minus 58 degrees Fahrenheit), the China Daily newspaper reported.The Arc7 ice class vessel with a payload of 44,500 tonnes was named Boris Sokolov and will soon be handed over to its Greek owner, according to China Daily.The vessel is able to break ice layers 1.8m (6ft) thick, the newspaper reported.In the past, tankers of a similar type could only transport LNG to the Arctic in summer. The unique features of the Boris Sokolov will allow i

China LNG 2018-12-06

China Trials Coastwise LNG Transport by Container Ship

China's National Energy Administration has approved a trial effort to transport substantial volumes of LNG using intermodal containers on a feeder ship. China is one of the world's largest LNG importers, and it needs a way to move the gas from its large import terminals in the south to end-users in the north. In the new trial, a small container feeder with 130 standard containerized LNG tanks delivered a load of gas from a terminal at Yangpu, Hainan island to Jinzhou, Liaoning, about 1,500 nm to the north. Containerized tank manufacturer CIMC believes that the voyage is the first of its kind i

China LNG 2018-12-03

Ansai Huayou strike helium recovery deal

Ansai Huayou Natural Gas Company Limited signed an agreement with Beijing Sinoscience Fullcryo Technology Company Limited for the recovery of helium, on the 26th November.The helium will to be recovered from the LNG (liquified natural gas) boil-off gas of an LNG plant to which the feed natural gas stream contains 0.04% to 0.07% helium.The Ansai Huayou liquefaction plant currently processes roughly 2million m3 of natural gas, which comes from the Changqing gas field. The helium production is expected to be 100,000-200,000 m3 per year, depending on the operation of the LNG plant.Before the proje

China Natural Gas 2018-11-30

China industrial gas demand falters as heartland factories go bust

With spot orders from these users drying up, many dealers are trying to negotiate for lower volumes on existing liquefied natural gas (LNG) contracts with top supplier China National Offshore Oil Corporation (CNOOC), several sources told Reuters.The contract talks come only six months after the deals were done with CNOOC [SASACY.UL]. The unexpected fall-off in demand from hundreds of small factories from a key industrial region could end up forcing Asian LNG spot prices even lower.“The manufacturing sector and other small industrial producers have shrunk after a year-long crusade targeting the

China LNG 2018-11-21

China's Oct crude oil stocks rise 29 mil barrels on month, may rise further in Nov

China's crude oil stocks as of end-October rose 29.09 million barrels from a month earlier, and stocks are expected to continue building in November on high crude oil imports amid a slowdown in refinery throughput.The stockbuild in October surged 416.7% from the build in September, and contrasted sharply to a draw of 26.81 million barrels in the same month last year, S&P Global Platts calculations based on official data showed.The high stockpile was within expectations as crude supply rose to a historical high, outstripping the increase in refinery throughput.China does not release official da

China Crude Oil 2018-11-21

China’s Oil Inventories Rise 416.7% In One Month

Crude oil stockpiles in China rose by 29.09 million barrels last month from a month before and are likely to continue up, S&P Global Platts calculations have suggested. The inventory build was a result of rising imports combined with lower refinery activity, which led to the 416.7-percent surge in October from September.On an annual basis, crude oil supply in October rose 21.3 percent to 415.96 million barrels, S&P Global Platts also said, noting the monthly increase in total supply was a lot more modest than the jump in inventories, at 8.9 percent, mostly as a result of higher imports.China’s

China Oil 2018-11-21

Changfeng Energy Completes Trial Run of LNG Shipment from Canada to the PRC

Changfeng Energy Inc. ("Changfeng" or the "Company", together with its subsidiaries, the "Group"), which is listed on the Canadian Exchange (CFY), announced that Changfeng's trial run of a liquefied natural gas ("LNG") shipment from Canada to the PRC using ISO-containers has been successfully completed. The LNG shipment from the Vancouver port was arranged by Changfeng and it arrived at the Shanghai port on November 8, 2018, and has now cleared customs. The LNG exported to the PRC was procured by Changfeng from a British Columbia-based energy provider, and Sanya Changfeng Offshore Natural Gas

China LNG 2018-11-20
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