In this issue

 

Gazprom has registered a subsidiary in Mongolia to conduct a feasibility study for a trunkline to supply Russian gas to China. With the Soyuz Vostok gas pipeline, ‘Power of Siberia…
Taiwanese energy company CPC Corp has just received its first shipment of US LNG from the Corpus Christi export plant in Texas under a 25-year supply deal with Cheniere Energy. Taipower,…
Free ReadChina has pledged to improve its use of cleaner fuel in the transportation sector where more LNG will be used for shipping, trucking and other industries, while domestic Emission Control…
Monday, 08 February 2021
1.15mmt on the water with a delivery horizon of 22nd February and c. 37 percent due in the North China region. At the time of writing, there was also a…
China’s LNG offtake in January amounted to 8.37mmt, which was 1.63mmt higher than the country’s total imports of 6.74mmt in November, thus increasing significantly by 24 percent. Since this report…
Free ReadChina’s domestic gas market tightens as the winter approaches and CNOOC anticipates a 10% rise in demand to 148.7 billion cubic meters (bcm). In northern China, gas demand peaks during…
City-gas distributors in China will benefit from timelier fuel-cost pass-through under the national gas market reform, Fitch Rating reckons. With pipeline access now open to all, those with access to…
President Xi Jinping has pledged that China, the world’s largest carbon emitter, will reach peak emissions before 2030 and aspires to become carbon-neutral by 2060. If realized, this ambitious goal…
China Petroleum and Chemical Corp., better known as Sinopec, has seen net profits slump 45.7 percent to 23.51 billion Chinese yuan ($3.5 billion) in the year to date in a…
Free ReadChina National Offshore Oil Corp. (CNOOC) has raised its year-to-date domestic gas production to 311.3 billion cubic feet (bcf), up from 250.6 bcf, in a first step towards making gas…
Wison Offshore and Marine, the owner of the Chinese shipyard at Nantong in Jiangsu province, has started to modernize the yard’s LNG shipbuilding capability. The upgrade will expand the yard’s…
U.S. liquefaction plant developer Venture Global sees LNG-fuelled power generation as “a counter” to China’s building spree of new coal power units. By turning to LNG, utilities can “regain control…
Monday, 02 November 2020
Free Read2.77mmt on the water with a delivery horizon of 1st December, with c. 44 percent due in the North China region. At the time of writing, there were also cargoes…
China’s LNG offtake declined by 0.49mmt month-on-month in October, decreasing significantly by 8.7 percent to 5.07mmt. Monthly Chinese offtakes had grown by 0.41mmt (7.7 percent) in August, whereas month-on-month demand…
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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.