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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 Nov 1-15,2012
[Wednesday, Dec. 19, 2012] PRINT EMAIL FAV PDF

 

Editorial:
 
SZ Review of China Natural Gas market in the 1H-Nov, 2012
 
Output:
China Oct Natural Gas Output 8.67 Bln Cu m, up 9.8% on Year.
China’s combined oil and gas output will exceed 600 million mt of oil equivalent in 2030, due to substantial increases in geological resources in the China’s northeastern region. gas output is expected to reach 450 billion cu m in 2030.
 
Pipeline:
Guanghui Energy announced on Nov. 9 that its Sino-Kazakh cross-border gas pipeline has obtained the approval of two countries government to begin construction. This is China’s first private cross-border pipeline.
 
LNG Market:
China National Offshore Oil Corp. (CNOOC) witnessed a sharp fall in profit from sales of liquefied natural gas (LNG) trucked from receiving terminals between the second and third quarters, while PetroChina Co. Ltd. staunched losses over the same period.
CNOOC averaged profit of RMB 641 ($102) on every ton (t) of trucked LNG from the Dapeng terminal in the third quarter (Q3), down by 56.4 percent from RMB 1,469 ($235) in Q2.
 
Notice:
GE Oil & Gas, a subsidiary of the US giant General Electric Co, said it is holding discussions with China’s top three oil and gas companies about possible cooperation on the development of China’s shale gas industry.The company established an innovation center in Chengdu, Sichuan province, in June, with shale gas research and development now considered a key priority at the site.
 
Index:
 
 
 
ECF International Shale Gas Forum Membership Recruitment
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