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SZ China Natural Gas Bi-weekly Report Jul 1-15, 2013
[Tuesday, Jul. 16, 2013] PRINT EMAIL FAV PDF

 

Editorial:
 
SZ Review of China Natural Gas market in the 1H-Jul, 2013
 
Policy:
The National Development and Reform Commission (NDRC) said on June 28 it will increase the wholesale price of natural gas for non-residential users and expand the use of a market-based pricing mechanism. According to the commission, the average natural gas price at gate stations (where trunk pipelines connect with local gas distribution networks) will increase by around 15.4 percent to 1.95 yuan (0.31 U.S. dollars) per cubic meter. The tariff for residential users will not increase.
 
LNG:
The first electrically propelled liquefied natural gas (LNG) carriers, each at 174,000 cubic meters, to be built in China will incorporate power and propulsion systems developed and built by GE’s Power Conversion business.
 
Pipeline:
Astana has given plans to expand the Kazakhstan-China gas pipeline the green light. The move comes as Kazakhstan hands a stake in the giant Kashagan offshore field to Beijing. A statement from Kazakhstan’s presidential press office said President Nursultan Nazarbayev has ratified amendments to the 2007 agreement on the pipeline. The bill will allow the construction of a third pipeline - C - alongside the existing A and B lines.
 
In June this year, the China National Petroleum Corporation (CNPC) announced that the Burmese section of a $5 billion China-Myanmar gas pipeline had been completed and was ready for testing, while an oil pipeline was 94% complete and on-schedule.
 
Others:
Bremen’s SAACKE GmbH has been commissioned to produce and deliver gas combustion units (GCU) for six LNG tankers. The customer is Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., one of the largest shipyards worldwide, and the later common ship owners are China Shipping LNG Investment Co., Ltd., SINOPEC and MOL..
Index:
 
 
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