In this issue

 

Qatar Petroleum is in talks with PetroChina and Sinopec for equity stakes in North Field East, the world’s largest single LNG project. PetroChina might take a 5 percent stake and…
High prices and a slowing of China’s economic recovery will lead to a drop in the country’s LNG imports in the second half of this year. After a 28% year-on-year…
US major ExxonMobil is considering investing in a new LNG import terminal and industrial complex at Huizhou. China's Guangdong Energy has started building the $1 billion Huizhou LNG import terminal…
Free ReadOnly Asia has seen LNG imports rise despite the pandemic, largely due to the Chinese government’s coal-to-gas switching policies which pushed up imports by 1.0 billion cubic feet per day…
Strong growth in renewables has reduced the share of coal in China’s power generation mix to less than 50% – for the first time. Fitch Ratings expects the contribution of…
Chinese LNG show no signs of slowing amid a gas infrastructure build-out. Shipments to China during the first six months of 2021 jumped to 39.78 million tons from 31.18 million tons…
Petronas LNG has signed a 10-year term deal to supply LNG to CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corp (CNOOC). This…
Free ReadChinese shipyard Wison Offshore and Marine has completed four modules to make up the first liquefaction Train at the Arctic LNG II export plant being developed on the Gydan Peninsula…
French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) has expanded business in China by receiving a first storage system order for an LNG carrier from Jiangnan Shipyard…
Monday, 06 September 2021
There were 2.75mmt of LNG on the water with destinations in China according to market visibility at the time of writing on 2nd September. These cargoes had an estimated delivery…
Monday, 06 September 2021
Free ReadChina’s monthly LNG offtake grew by 0.41mmt in August, increasing robustly by 7 percent to 6.20mmt. This constituted a rebound following a string of month-on-month reductions in July and June.…
Anatol Feygin, Chief Commercial Officer (CCO) at Cheniere Energy, is bullish on forward LNG margins and profits. “Forward margins today during the Northern Hemisphere Spring shoulder season, are higher than…
Asia’s LNG demand is “loose” this summer, except for China where a rebounding economy has pushed up imports to 2.5 million tons. Analysts anticipate the JKM–TTF spread on the curve…
Free ReadRussia’s Novatek, developer of the Arctic LNG II project, has sealed two LNG supply accords with the global commodity trader Glencore and China’s Zhejiang Energy Gas Group. The accord with…
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News Nudges

Chinese gas flows from Russia to rise

Russia’s daily piped natural gas deliveries to China are set to rise by more than 50 percent by the end of 2021, China’s official Xinhua news agency reported. The current daily rate of 28 mill cubic metres will rise to 43 mill cubic metres by year-end, ensuring supply for the winter and spring of 2022, including the Beijing Winter Olympics in February next year, Xinhua quoted a PipeChina official as saying. The East Route pipeline scheme has carried more than 10 bill cubic metres of Russian gas to China since it started operations in December, 2019, Xinhua said. In China, the northern and middle sections of the scheme have already been completed, while the southern section is due to be complete by 2025, allowing the project to reach its planned capacity of 38 bill cubic metres per year.


China to build Kamchatka terminal

China Communications Construction Company (CCCC) has won the contract to build Novatek’s Kamchatka LNG transhipment terminal. The trans-shipment hub is intended to handle LNG loaded in the Arctic for discharge in Asia. It had earlier been reported that Japanese companies had expressed interest in participating in the Kamchatka transhipment terminal. It will be used to transship Yamal LNG from Arc7 type LNG carriers to conventional LNGCs for onward transits to Asian destinations.