Chinese utility shows depth of slump with drop in power sales from plants using LNG and pipeline gas and coal
A leading Chinese utility showed the depth of the nation’s continued economic slowdown with power sales dropping in the coastal provinces for coal-fired power and gas-fired electricity generating plants using regasified LNG and pipeline gas.
UK major BP reports loss of over $20 billion as cost of existing stake in Rosneft and Russian oil and gas
UK major and global LNG sector participant BP reported a loss of $20.4 billion for the first quarter of 2022 as it booked a series of charges and impairments related to its exit from Russian oil and natural gas amid Russia’s invasion of Ukraine.
UK major BP increases domestic natural gas market presence in southern China through LNG capacity
UK major BP has signed a sale and purchase agreement with China's State Power Investment Corp. (SPIC) for supplying pipeline natural gas to the southern province of Guangdong province for a period of 10 years starting from 2023.
Chinese LNG shipments show year-to-date increase to stay on track for world No. 1 importer position
Chinese liquefied natural gas imports rose year-on-year by 4.2 percent last month and over 18 percent in the year-to-date period, keeping the nation on track to be the world’s No. 1 LNG importer for 2021.
Chinese LNG imports gather pace in June with almost 28 percent year-on-year jump in deliveries
Chinese liquefied natural gas imports in June jumped 27.8 percent to 5.79 million tonnes, or around 84 cargoes, compared with 4.53MT in June 2019 as cargo flows built up from nations such as Australia, Qatar and Russia.
China's CNOOC posts record production with natural gas rise and jump in annual profits
China National Offshore Oil Corp., the state-backed oil and gas producer and the nation’s largest LNG import terminal owner, said annual net profits rose almost 16 percent as it achieved record production in 2019.
ExxonMobil signs accord on China chemicals plant and will supply LNG to adjacent terminal
ExxonMobil Corp. has signed a cooperation framework agreement with the Guangdong provincial government of southeast China to advance discussions concerning the proposed construction of a chemicals complex with an LNG import project as part of the package.
China takes LNG terminal network to 19 plants as two more formally start their operations
China took its liquefied natural gas terminal network to 19 as two more facilities were formally brought into service in August at Zhoushan in the eastern Zhejiang province and at Dapeng New District in the southern province of Guangdong.
