china

Energy-Hungry China Could Deepen Global Natural Gas Shortage

Energy-Hungry China Could Deepen Global Natural Gas Shortage

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 18, 2021
China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 15, 2021
Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Concerns that the world won’t have enough energy supplies to  go around this winter appeared to deepen on Thursday as natural gas prices again set records and governments continued stepping in to ensure the lights stay on.  Coal, natural gas and even water for hydropower are in short supply. In North Asia, Japan-Korea Marker (JKM)…

September 30, 2021
Qatar Petroleum Inks 15-Year Deal to Supply More LNG to China

Qatar Petroleum Inks 15-Year Deal to Supply More LNG to China

Qatar Petroleum (QP) is set to supply even more liquefied natural gas (LNG) to China starting next year under an agreement announced Wednesday. Under the sale and purchase agreement (SPA), QP would supply 3.5 million tons/year (Mty) over a 15-year term starting in January 2022 to the marketing subsidiary of China National Offshore Oil Corp.…

September 29, 2021
Chinese NOCs Plan Drilling Splurge to Increase Domestic Natural Gas, Oil Output

Chinese NOCs Plan Drilling Splurge to Increase Domestic Natural Gas, Oil Output

Drilling activity in China is expected to intensify over the next five years as the nation’s producers are under pressure to boost domestic natural gas and oil production and reduce reliance on imports. According to a recent report by Rystad Energy, China’s top three national oil companies (NOCs) are expected to spend about $123 billion…

September 27, 2021
China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China Petroleum & Chemical Corp., aka Sinopec, has reportedly announced another oil and natural gas discovery in the Tarim Basin.  The state-owned company said on Chinese social media that it had discovered 100 million tons of oil and gas resources in the legacy-producing region, according to Reuters. That’s roughly the equivalent of 733 million bbl…

August 27, 2021
Sinopec Books More Unconventional Natural Gas Reserves as China Works to Raise Output

Sinopec Books More Unconventional Natural Gas Reserves as China Works to Raise Output

China Petroleum & Chemical Corp., aka Sinopec, said Tuesday it has proved more unconventional natural gas resources in the Sichuan Basin as the country works to boost its domestic output.  State-owned Sinopec said it proved another 34 billion cubic meters (Bcm) of gas reserves in the Zhongjiang field in the southwestern part of China. The…

August 18, 2021

Typhoon In-fa Squeezing LNG Supply in China — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Typhoon In-fa was moving over Japan’s southern islands Friday ahead of a projected landfall in China Sunday or Monday in Zhejiang. Bloomberg reported that gas distributor ENN Group Co. Ltd. had to halt LNG truck deliveries from its Zhoushan terminal Friday due to the typhoon’s…

July 23, 2021
LNG Trading Continued to Drive Gas-on-Gas Competition Last Year, IGU Says

LNG Trading Continued to Drive Gas-on-Gas Competition Last Year, IGU Says

Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF) increased last year, again taking share from deals linked to oil-indexed contracts, according to the International Gas Union (IGU).  Gas-on-gas (GOG) competition’s share of the global market last year reached 49.3%,…

July 8, 2021
Qatar Inks SPA with Shell to Expand LNG Supply to China

Qatar Inks SPA with Shell to Expand LNG Supply to China

Qatar Petroleum (QP) has inked another long-term sales and purchase agreement (SPA) to supply Royal Dutch Shell plc with 1 million tons (Mt) of liquefied natural gas (LNG).  Under the deal, QP would begin providing Shell with supplies from its Qatargas 1 trains beginning in January for 10 years. Shell would then deliver the cargoes…

July 1, 2021
‹ Previous 1 2 3 16