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SZ China Report: Full and deep view of China oil, gas & petrochemical market.
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SZ China Natural Gas Bi-weekly Report May 16-31,2012
[Monday, Jun. 4, 2012] PRINT EMAIL FAV PDF
SZ Review of Natural Gas market in the 2H-May
 
Consumption:
 
China’s apparent consumption* of natural gas, including natural gas (gaseous) and liquefied natural gas(LNG), down 18.9% on monthly to 11.6 billion cu m in Apr’2012, up by 14.2% on yearly. China’s April natural gas production and consumption declined sharply compared to the first quarter but maintained high. Demands for gas such as chemical fertilizer production and power generation were well met, according to the National Development and Reform Commission.
 
Production:
 
China produced 8.5 billion cu m of gas in April, up 8.6% year on year but down 25% from March. Production last year similarly tapered off after a strong first quarter -- output in April 2011 fell 25% from March to 7.8 billion cu m. China has had to cut domestic gas production to make space for imports amid a seasonal dip in demand over the second and third quarters of the year.
 
Pipeline:
 
Branch line Guangzhou-Shenzhen of West-to-East II start operation. This pipeline will release the gas supply pressure in Pearl River Delta. On May 23, Harbin City start receive the gas from Harbin CTG Co., Ltd. On May 17,Yumen Oilfield cooperate with Kunlun gas to build LNG station in Zhangye, Wuwei, Jiuquan and Guazhou.
 
LNG Market:
 
For the reason of Guangzhou-Shenzhen branch line of West-to-East II operation, Shenzhen city will consume more pipeline gas. Jiangsu Rudong and Shenzhen Dapeng receive carries from Australia and Qatar. The operation of the LNG factory is stably in 2H.Inner Mongolia Hengtai start maintance since May 16 and it resume operation in May 26.
 
 
 
 
 
Index:
 
 
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