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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 Jun 16-30,2012
[Monday, Jul. 9, 2012] PRINT EMAIL FAV PDF
 
SZ Review of China Natural Gas market in the 2H-Jun, 2012
 
Consumption:
 
China’s apparent consumption* of natural gas, including natural gas (gaseous) and liquefied natural gas(LNG), down 17.3% on monthly to 0.9 billion cu m in May’2012, down by 8.1% on yearly, according to SZ Energy survey.
 
Pipeline:
China pipeline gas supply is stably in the first half of year. LNG and natural gas import is keeping increase. New pipeline start operation. CNOOC’s Haixi natural gas pipeline network project II got permission by Fujian NDRC.
 
LNG Market:
A lot of plants would be under maintenance in July, lowering supplies in partial areas and bolstering the market prices. July LNG indication prices were finally settled at Yuan 3.65, 3.85, 4.05, 4.25/m3 or Yuan 4,935, 5,205, 5,476, 5,746/mt at Dapeng receiving station, Shenzhen, leveling off with June. July LNG prices were settled at Yuan 4.35/m3 or Yuan 6,133/mt at Rudong, up Yuan 1,198/mt from June. LNG market prices were Yuan 5,100-5,400/mt in Fujian, Yuan 4,800-5,200/mt in Jiangsu and Yuan 5,200-5,400/mt in Guangdong.
 
Policy:
Enterprises should be the main investors in commercial mineral projects, and government funding will not enter exploration projects that could be invested by enterprises.
 
The guideline, issued by the Ministry of Land and Resources, National Development and Reform Commission, Ministry of Science and Technology and Ministry of Finance, stated that the dominant position of non-government capital investment in commercial mineral explorations should be established as an important factor in the overall mineral exploration strategy.
 
 
Index:
 
 
 
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