In this issue

 

If the world takes decisive actions to limit global warming to 2°C by 2050, oil demand and prices would fall rapidly later this decade, while gas demand and price would…
Sunday, 06 June 2021
Free ReadThere were 2.14mmt of LNG on the water with destinations in China according to market visibility at the time of writing on 3rd June. These cargoes had a delivery horizon…
China’s month-on-month LNG offtake grew by 0.72mmt in May, increasing robustly by 11 percent to 7.13mmt. Monthly Chinese offtakes also increased by 0.86mmt (16 percent) month-on-month in April, meaning that…
Though the Suez Canal Suez blockade has caused much of an uproar on global shipping markets, it only had a modest impact on LNG shipping and spot LNG prices in…
Electric utilities in China avoid investing in gas peaking plants due to cost issues. Fuel prices are bound to rise with the start of China’s national emissions trading scheme (CETS)…
Free ReadChina National Offshore Oil Corp., one of China’s main LNG importers, has issued an advisory statement expressing “regret” at a decision by New York Stock Exchange to delist its shares…
PetroChina, the Chinese major listed in Hong Kong and with LNG and international assets, reported plunges in annual revenues and net profits of over 20 percent and 57 percent respectively…
ENN Group, the leading non-state energy company in China with LNG and city-gas assets, has reported a 2 percent rise in annual revenues to 71.6 billion Chinese yuan ($11Bln), mainly…
Qatar Petroleum has just signed a Sale and Purchase Agreement (SPA) with Sinopec for the supply of 2 million tonnes per annum to Chinese terminals. Under the agreement, LNG deliveries…
Free ReadStrong 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…
Tuesday, 06 April 2021
1.62mmt on the water with a delivery horizon of 29th April and c. 24 percent due in the North China region, according to our market visibility. At the time of…
China’s month-on-month LNG offtake grew by 1.72mmt in March, increasing robustly by 33 percent to 6.91mmt. Monthly Chinese offtakes had decreased by 3.24mmt (-38 percent) in February, meaning that the…
Free ReadChinese city gas operators have struggled to fulfil the recent spike in gas demand caused by a rebound in industrial activity and strong heating needs in an exceptionally cold winter.…
British energy giant BP has carried out the first direct gas shipment to a Chinese gas customer by supplying an LNG cargo to ENN. The delivery was made possible by…

News Nudges

Avenir LNG takes delivery of China-built carrier

Norwegian small-scale project developer Avenir LNG has taken delivery of the “Avenir Achievement” as it expands its small-scale terminal and carrier business. The new-built vessel is the second dual-purpose small-scale carrier of 20,000 cubic metres capacity constructed at the Nantong shipyard in China owned by CIMC Sinopacific Offshore and Engineering.