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SZ China Natural Gas Bi-weekly Report Apr 1-15, 2013
[Tuesday, Jul. 2, 2013] PRINT EMAIL FAV PDF

 

Editorial:
 
SZ Review of China Natural Gas market in the 1H-Apr, 2013
 
Policy:
China’s natural gas consumption growth for the first two months of 2013 slowed by more than half from a year earlier, according to NDRC.
 
National Development and Reform Commission said that apparent consumption in January and February rose by 14.7% to 29.7 billion cubic metres on the back of demand for gas heating. That was down significantly from the 35.9% growth rate recorded for the same two months in 2012.
 
Production:
China produced 9.93 billion cu m natural gas in Mar’2013, went up by 5.6% compared to last year, according to National Bureau of Statistics.
 
The total amount of China’s natural gas production in the first three months in 2013 was 29.46 billion cu m, which is 6.1% more than in the same period of last year.
 
LNG:
Chongqing Fujiang Energy Technology Company (Fujiang Energy), a subsidiary of Fortune Oil Plc. plans to begin offering liquid natural gas (LNG) bunkering on the Yangtze River in August 2013. With a total capacity of 2,000 cubic meters, the station was said to be able to fill 20 vessels per day.
 
The feasibility report of a Wenzhou LNG project has recently been approved by National Energy Administration (NEA) and the national Development and Reform Commission. The construction of the project is expected to be officially started early 2014.
 
The project is located on Xiaomen Island near Wenzhou, and includes LNG terminals, reception stations and transport pipelines. Phase one of the project will see four LNG storage facilities with a total capacity of 3 -mil mt. Total investment on the project will be RMB11.6bn.
 
Pipeline:
An 800-kilometre gas pipeline in northern Myanmar has sprung leaks, raising further safety and environmental concerns over the $2 billion project. Leakages in the pipeline built by China National Petroleum Corporation (CNPC) were reported twice in 2012 and twice in 2013.
Index:
 
 
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