BP Giving Chinese Customers Direct Link to LNG Imports

BP plc has started to link downstream customers in China with liquefied natural gas (LNG) imports, creating a fully integrated supply chain in a country that continues to lead the world in energy consumption growth.

Global Market China LNG China Gas Import 2021-01-27

Tarim Oilfield Supplies Over 270 billion Cubic Meters Gas to East China

The Tarim oilfield branch of PetroChina, China's largest oil and gas producer, said it has supplied over 270 billion cubic meters of natural gas to 15 provincial-level regions in China via the country's West-to-East gas pipeline.

China Exploration China Natural Gas 2021-01-12

China’s Shanghai gas exchange to launch LNG group purchasing by year-end

China’s Shanghai Petroleum and Natural Gas Exchange is aiming to introduce group purchasing services for liquefied natural gas (LNG) buy tenders on its trading platform this month, allowing purchases of smaller LNG portions by small and medium-sized buyers.The exchange, which launched international LNG tender services in late October, said having a group purchasing option would cater to trading entities of different types and sizes.The purchases would be managed by a group “leader” who must own an LNG terminal to receive shipment, be responsible for the shipment and risks and coordinate splitt

China LNG China Gas Import SHPGX 2020-12-13

China extends Russian gas import pipeline

China has started operations at the second section of a gas pipeline link to Russia, boosting its supplies through the Power of Siberia 1 (Pos 1) pipeline, state-owned operator PipeChina said.Construction of the 1,110km section of the pipeline started in July 2019. It was originally scheduled to be completed in October, but the timeline was pushed back to the end of this year because of Covid-19.The second, mid-section of the pipeline starts from Changling in north China's Jilin province and crosses Inner Mongolia, Liaoning and Hebei provinces to end in the northeast port city of Tianjin. It w

China Gas Pipeline China Gas Import PipeChina 2020-12-13

China's Sinopec gets ready to receive big Qatari LNG ships

▪ Q-max LNG vessel discharges at Sinopec Tianjin LNG terminal ▪ This is only the fourth Chinese terminal to receive a Q-maxNumber of Q-max LNG deliveries to Chinese terminals

China LNG Terminal China Gas Import Sinopec 2020-12-13

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

China ramps up small-scale LNG imports from neighbors to enhance energy security

China, the world's second largest LNG importer, is exploring LNG break-bulk opportunities at facilities in neighboring countries like South Korea and Japan, as the importer's demand for small-scale LNG continues to grow.The process involves breaking standard-sized LNG cargoes into ISO tank containers for delivery to China's regular coastal and riverbank ports. Potential supply partners include South Korea's Kogas and Japan's Shizuoka Gas.The move comes amid China's plans to expand small-scale LNG import infrastructure in order to diversify energy supply sources and enhance energy security. Chi

China LNG 2019-11-28

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