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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 16-30,2012
[Wednesday, Dec. 19, 2012] PRINT EMAIL FAV PDF

 
SZ Review of China Natural Gas market in the 2H-Nov, 2012
Policy:
China may raise a tax on natural resources and also collect duty on the use of water by companies to enhance resource conservation and environment protection, the Ministry of Finance said Nov 21.
 
China will extend consumption taxes on petrochemical products to strengthen crackdown on tax evasion in 2013, according to an announcement issued by the State Administration of Taxation (SAT) earlier Nov.
 
Consumption:
China’s apparent consumption* of natural gas, including natural gas (gaseous) and liquefied natural gas(LNG), went up 5.8% on monthly to 12.2 billion cu m in Oct’2012, up by 14.3% on yearly, according to SZ Energy survey.
 
Import & Export:
China’s Oct’2012 Liquefied Natural Gas Import down 4.1% on-month to 1,321.7-kmt, and up 54.9% on-yr
China’s Oct’2012 Natural Gas (Gaseous) Import up 5.5% on-month to 1,440.2-kmt, and up 41.1% on-yr;
China’s Oct’2012 Natural Gas (Gaseous) Export down 39.4% on-month to 182.8-kmt, and up 0.5% on-yr
 
LNG Market:
The China National Offshore Oil Corporation (CNOOC) is planning to dramatically expand its inland liquefied natural gas (LNG) capacity, and will need to import foreign technology, said Chen Ruiquan, general manager of the company’s LNG carrier projects.
 
China Sinopec will begin the unified sale of liquefied natural gas (LNG) beginning Jan 1, 2013 so from next year, over 60% of China’s LNG resources will be under the monopoly of two giant groups, Sinopec and PetroChina.
 
Notice:
China National Offshore Oil Corporation (CNOOC) plans to order 14 medium and small sized LNG tankers, according to SinoShip. CNOOC, operator and owner of several LNG terminals, wants to order four 30,000 cbm and ten 10,000 cbm LNG tankers. Shipyards which may build the LNG tankers include Sino pacific Shipbuilding and AVIC Dingheng Shipbuilding. 

 
Index:
 
 
SZ Energy Intelligence Co., Ltd
 
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Website: www.energychinaforum.com
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