China’s LNG imports in Jan-Feb soar to records as prices decline and economy shows signs of recovery
Chinese liquefied natural gas imports for the two-month January-February 2024 period soared by more than 23 percent from a year earlier as prices declined and demand grew during a time that encompassed the Lunar New Year holidays in China.
China winter arrives
Nov 7 (LNGJ) - China said night temperatures dropped below zero degrees Celsius in Beijing and snow fell in other cities, signalling an early start to the official winter season. “The Beijing Municipal Commission of Urban Management said that the heating supply would ensure the indoor temperature in centralized heating areas meets 18 degrees Celsius by the morning of November 7, which is much earlier than the usual start date for the winter heating season,” said the official Xinhua news agency.
It also reported that Chinese natural gas imports by pipeline and as LNG increased by 9 percent in the 10 months from January to October while in October alone the natural gas imports were a combined 8.78 million tonnes. The data showed that crude oil shipments to China last month amounted to 48.97 million tonnes, or 11.53 million barrels per day, versus 11.13 million barrels per day in the previous month of September.
Chinese natural gas imports by pipelines and as LNG increase in March though still lower for first quarter
Chinese natural gas imports by pipeline and as liquefied natural gas increased by more than 11 percent in March, though were still lower for the first quarter compared with 2022.
Shell continues Russia divestment with Salym pull-out after withdrawing from Sakhalin LNG joint venture
Shell plc is continuing with its pull-out from the Russian oil and gas industry as part of sanctions over Ukraine and has how divested its 50 percent stake in the large Salym project in Western Siberia after divesting its main Sakhalin LNG stake in 2022.
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.
Chinese gas imports drop as costs rise by over 40 percent amid large CNOOC offshore gas discovery
Chinese natural gas imports, including LNG and pipeline natural gas, dropped by 9.5 percent in the first nine months of 2022 as the economy slowed while China paid over 40 percent more for its gas during the period.
Russians seek other markets for pipeline gas and LNG after EU gas crisis from Gazprom cuts to Germany
Russian natural gas company Gazprom said it produced 300.8 billion cubic metres of gas from January through September 15, a drop of 15.9 percent from last year and expected exports to the European Union would be down by 50 Bcm by year-end.
Chinese LNG and pipeline natural gas imports show rise of over 22 percent as domestic output slows
Chinese natural gas imports, including LNG and pipeline natural gas, maintained rapid growth in September with imports amounting to 10.62 million tonnes, a year-on-year increase of 22.7 percent.
Gazprom advances Mongolia pipeline project as ‘Power of Siberia II’ to China in competition to LNG
Russian natural gas giant Gazprom has set up a subsidiary to develop a pipeline across the land-locked Asian country of Mongolia as Russia’s second “Power of Siberia” supply line to China in competition to LNG and with capacity of one-third more than the existing pipeline.
Chinese LNG imports surge as pipeline deliveries fall amid national reorganization of gas assets
Chinese liquefied natural gas imports jumped in May to around 70 cargoes and pipeline gas imports dropped as the nation resumed LNG shipments from the US after a trade dispute and further re-opened its economy after the Covid-19 lockdowns.
