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SZ China Natural Gas Bi-weekly Report Apr 16-30,2012
[Monday, May 28, 2012] PRINT EMAIL FAV PDF
SZ Review of Natural Gas market in the 2H-Apr:
 
Production:
 
China saw its output of natural gas increase 7.3% year on year to 28.8 billion cu m in the first quarter of this year, said the National Development and Reform Commission said.
 
Sinopec Southwest Oil & Gas Co. Ltd. produced 708 million cu m of natural gas in the first quarter (Q1) of 2012, representing 23.59 percent of the three billion cu m targeted for this year.
 
CNOOC announced that the company has made another successful discovery Dongfang(DF)13-2 in high-temperature and high-pressure natural gas reservoir in Yinggehai following the successful appraisal of the middle formation of DF 13-1 gas field in 2010.
 
Demand:
 
China’s apparent consumption of natural gas, including natural gas (gaseous) and liquefied natural gas(LNG), up 5.3% on monthly to 14.3 billion cu m in Mar’2012, up by 35.2% on yearly, according to SZ Energy survey.
 
China’s liquefied natural gas (LNG) imports in March surged by more than one-third from February to 1.12 million mt, according to statistics released on Apr 30 by the country’s General Administration of Customs (GAC).
 
China’s natural gas imports in the first quarter (Q1) of 2012 surged by 65.5 percent year-on-year to 9.7 billion cu m, while domestic output rose 7.3 percent over the same period to 28.8 billion cu m, the National Development and Reform Commission (NDRC) said on Apr 19.
 
LNG Market:
 
In May,Dapeng LNG terminal decrease the truck price.Fujian Putian keep the truck price at Apr’s price.Rudong LNG terminal decrease the truck price for the dull sale in Jiangsu Region.For the reason of the May Day holiday,many LNG plant keep low production and the demand is low.Due to upstream gas supply is rich and warm weather,downstream LNG plant must decrease the LNG price to keep balance of stock.
 
 
Index:
 
 
 
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