IEA forecasts low natural gas demand growth for China and sees Russia losing $50Bln a year in gas sales
Natural gas demand growth in China, including LNG deliveries, is forecast to slow considerably, falling to 2 percent per annum between 2021 and 2030 compared with an average growth rate of 12 percent per annum between 2010 and 2021.
China energy majors prepare LNG and gas storage to meet annual freeze-up set to hit northern provinces
China National Petroleum Corp. (CNPC), the dominant Chinese LNG and pipeline natural gas project company, said that along with other Chinese energy majors it was making preparations for freezing temperatures forecast to hit northern Chinese provinces, including the capital Beijing, in the weeks ahead.
European class society DNV GL sees LNG thriving in years ahead but believes oil may have peaked
DNV GL, the leading European classification society, said liquefied natural gas was set to thrive in a strong gas market on the route to energy transition through 2050.
Beijing Gas maintains high revenues as profit falls amid continued LNG import terminal developments
Beijing Gas, the growing liquefied natural and pipeline supplier, maintained substantial revenues in the first half of 2020 while profits fell as the company said it was advancing its LNG import projects in Tianjin and Tangshan.
Russia-China pipeline to start but will deliver less than output of one LNG Train in first year
China said that pipeline natural gas from Russia would soon start flowing to help meet future energy needs across several areas of the Chinese Northeast, though supplies during 2020 would amount to less than the equivalent output of one standard Train of LNG.
