China LNG imports
July 19 (LNGJ) - Chinese liquefied natural gas imports declined in June, though the number of cargoes received in the first half of 2024 showed an increase of almost 14 percent. China imported 5.62 million tonnes of LNG in June, or 83 cargoes, a decrease of almost 5.6 percent on the 5.96MT, or 88 cargoes, received in June 2023, according to data from the General Administration of Customs.
China’s network of 25 regasification terminals had imported 6.57MT of LNG in May 2024, an increase of 2.5 percent from the 6.41MT received in May 2023. During the period from January to June 2024, China received 38.05MT of cargo deliveries, an increase of around 13.8 percent on the 33.50MT of shipments delivered in the same six months of last year.
QatarEnergy signs agreements with CPC Corp. of Taiwan to join North Field East expansion project
QatarEnergy signed definitive agreements with CPC Corp. of Taiwan covering the long-term supply of cargoes and a partnership in the North Field East LNG expansion project in the Arabian Gulf.
Chinese groups such as CNOOC and Sinopec dominate Iraq licensing round aimed at boosting natural gas output
The Iraqi Oil and Gas Ministry said 10 of the 12 projects awarded so far in Iraq's latest licensing round have gone to Chinese companies as the Arab nation focuses on increasing natural gas output to help support growing gas-fired power needs.
Chinese major CNOOC starts output at largest offshore gas field amid overall plans to cut reliance on LNG imports
China National Offshore Oil Corp., the Chinese energy major and with international and domestic LNG interests, has started production at its largest natural gas field in the central Bohai Sea offshore China.
Chinese major Sinopec reports drop in profits amid rapid rise in natural gas demand offset by chemicals losses
China Petroleum and Chemical Corp. (Sinopec), the leading Chinese refiner and an importer of LNG from Australia, the US, Qatar and elsewhere and with expanding import facilities and storage, reported a drop in net profits of nearly 9 percent as a “rapid” first-quarter increase in natural gas demand was offset by oil refining costs and losses in chemicals.
LNG player Sinopec reports 10 percent drop in profits amid plans to expand shale-gas and shale-oil production
China Petroleum and Chemical Corp. (Sinopec), the leading Chinese refiner and importer of LNG from Australia, the US and Qatar and with expanding import facilities and storage infrastructure, is pushing ahead with more offshore output in the East China Sea and onshore shale-gas and shale-oil production.
Qatar confirms third LNG expansion called North Field West for overall 142 MTPA to meet long-term global needs
The Arabian Gulf state of Qatar said it was going ahead with a third huge expansion project for liquefied natural gas called the North Field West (NFW) project to take overall output to 142 million tonnes per annum by the end of the decade.
Australia's Origin Energy reports solid revenues from APLNG and energy markets after the failed takeover bid
Australia's Origin Energy, whose shareholders in December 2023 rejected a takeover by North American private equity firms, reported solid quarterly revenues from Australia-Pacific LNG in Queensland as domestic electricity and gas sales also rose in power markets.
Woodside and Santos confirm merger talks that could create dominant Asia-Pacific LNG player valued at US$58Bln
Australia’s largest liquefied natural gas companies Woodside Energy and Santos said they were in discussions that could lead to a merger of the two companies valued at a combined A$88 billion (US$58Bln) and which would create a dominant LNG force in the Asia-Pacific region.
QatarEnergy completes integration of all marketing activities to manage future expanded LNG business portfolio
QatarEnergy has completed the integration of all marketing and market-related activities formerly managed by QatarEnergy LNG into the parent company QatarEnergy as the Gulf nation progresses with expanded production ventures.
