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SZ China Natural Gas Bi-weekly Report Oct 16-31,2012
[Wednesday, Dec. 19, 2012] PRINT EMAIL FAV PDF

 

Editorial:
 
SZ Review of China Natural Gas market in the 2H-Oct, 2012
Policy:
China has approved the country’s natural gas development strategies for the current 12th five-year economic plan to 2015, the National Development and Reform Commission said Oct 26.
The gas plan had been approved by the State Council and outlined strategies to increase the supply of resources, speed up pipeline networks and LNG import terminal construction. It also stressed long-term planning to balance supply with demand.
In 2013 the focus will be on eight objectives, including infrastructure construction, encouraging more private investment in the natural gas sector, continued development of domestic resources in the Sichuan and Ordos Basins and the development of shale gas.
 
Cosumption:
China’s apparent consumption* of natural gas, including natural gas (gaseous) and liquefied natural gas(LNG), went up 1.2% on monthly to 11.6 billion cu m in Sep’2012, up by 10.4% on yearly, according to SZ Energy survey.
 
Import:
China’s Sep’2012 Liquefied Natural Gas Import up 26.8% on-month to 1,379.0-kmt, and up 20.1% on-yr
China’s Sep’2012 Natural Gas (Gaseous) Import up 6.3% on-month to 1,365.5-kmt, and up 39.1% on-yr;
China’s Sep’2012 Natural Gas (Gaseous) Export up 154.6% on-month to 301.9-kmt, and up 29.9% on-yr.
 
LNG Market:
Natural gas consumption in China is expected to be 230 billion cu m (bcm) in 2015, while supply of gas, including imported liquefied natural gas (LNG) and unconventional gas, is expected to exceed 260 bcm, the National Development and Reform Commission said.
 
Notice:
Construction began Oct 16 on China’s third pipeline, which will carry natural gas from the nation’s resource-rich western regions to the energy-starved east. The 125 billion yuan ($20 billion) project, expected to be completed in 2015, will potentially transfer 30 billion cu m of gas annually. Annually 25 billion cu m of natural gas will come from Central Asia and 5 billion cu m of coal gas from the Xinjiang Uygur autonomous region to central and eastern China, according to China National Petroleum Corp, which owns the project. 
 

 

Index:
 
 
 
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