In this issue

 

China’s southern province of Guandong is considering cutting electricity rates that gas-fired generators can charge from their customers by 5-12%. If enacted, this rate cut risks derailing a wider policy…
China National Technical Import & Export Corp. (CNTIC), together with VPower Group, is awaiting further cargoes to beth at their new-built jetty adjacent to their Thanlyin gas power plant (350…
Friday, 04 September 2020
Free Read1.52mmt on the water with a delivery horizon of 10th October, with c. 47% due in the North China region. At the time of writing, we saw three cargoes that…
Friday, 04 September 2020
China’s m/m LNG offtake grew by 0.25mmt in August, increasing robustly by 5% to 5.54mmt. Monthly Chinese offtakes had decreased by 0.48mmt (-8%) in June, meaning that the country realigned…
The Chinese economy has recovered swiftly after lockdowns were lifted and factories already operate at 87% of normal output since early April, pushing up energy demand. Australia emerged as China’s…
Free ReadRussia’s state gas company Gazprom seeks to boost gas production in Yakutia and enhance pressure as well as throughput at the ‘Power of Siberia’ pipeline. There is “plenty of supply,”…
Manufacturing is resuming in China, but the recovery from the coronavirus lockdown still needs to translate in a substantial rise in energy demand. China was the first to implement containment…
Terms of natural gas sales are changing. In the power sector gas no longer competes with oil, but coal and renewables – making hub-indexation traders' preferential choice. Across Asia, including…
The area around Tianjin in northeast China currently has floating and onshore import terminals and is already the nation’s leading LNG importer, but an expansion of the onshore terminal and…
Free ReadWith the Northern Sea Route from Arctic Russia to North Asia opening up earlier this year, the first LNG cargo is on route from Novatek’s Yamal LNG export terminal to…
Avenir LNG has obtained debt financing to meet the remaining payments on delivery of six small-scale LNG carriers under construction in Asia. The company, owned by three Norwegian shipping firms,…
Thursday, 04 June 2020
Total of 1.80mmt on the water with a delivery horizon of 7th July, with more than half due in the North China region. Three cargoes originated in the United States…
Thursday, 04 June 2020
Free ReadChina’s m/m LNG offtake grew by 0.42mmt in May, increasing robustly by 7.17% to 6.28mmt. Monthly Chinese offtakes had also grown by 1.48mmt (33.8%) in April, meaning that the country…
The first LNG cargo from the United States for more than a year is heading for the Chinese port Tianjin, east of Beijing, from the Cameron export plant in Louisiana…
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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.