Chinese LNG imports surge 16 percent as demand still high and World No. 1 importer spot is in sight
Chinese liquefied natural gas imports surged just over 16 percent in the past month as natural gas demand for the nation’s economic growth showed no signs of slowing amid a gas infrastructure build-out.
PetroChina posts profits rise and transfers pipeline and LNG terminal assets from subsidiary to PipeChina
PetroChina, the Chinese oil and gas major listed in Hong Kong and with LNG stakes in Canada and Mozambique, reported an 8.4 percent rise in first-quarter revenues and a return to profits after losses in the same three months of 2020, as it also completed the hand-over of control of the Dalian LNG terminal to the new state-owned energy infrastructure company.
Chinese LNG imports increase to record levels and surpass Japan’s monthly total for a fifth time
Chinese liquefied natural gas imports soared to a record in November and surpassed the monthly total of shipments received by Japan, the world’s largest LNG importer.
Chinese major CNOOC will boost Binhai LNG project storage and give two tanks to central province
China National Offshore Oil Corp., the holder of the nation’s largest capacity for LNG imports, plans to increase storage at its Binhai import terminal under construction in the eastern Jiangsu province and will reserve two tanks to help with the imported gas needs for a province in Central China.
