china

BP, China’s Top Producer to Develop Unconventional NatGas in Sichuan Basin

BP, China’s Top Producer to Develop Unconventional NatGas in Sichuan Basin

BP plc on Thursday secured its first unconventional natural gas exploration contract in China in an agreement with the country’s largest state-owned producer.

March 31, 2016

Renewables Could Prove Cheaper Than LNG in Overseas Power Markets, Report Finds

The slew of North American liquefied natural gas (LNG) export projects currently in the works could face stiff competition from renewables in Asian and European power generation markets, according to a new report from economists with The Brattle Group.

January 20, 2016
Chevron Nabs Gorgon LNG Supply Contract with China’s ENN

Chevron Nabs Gorgon LNG Supply Contract with China’s ENN

Chevron Corp.’s Australian subsidiaries and its partners have signed a nonbinding heads of agreement (HOA) to deliver up to 0.5 million metric tons/year (mmty) of liquefied natural gas (LNG) over a decade from the Gorgon project to China’s ENN LNG Trading Co. Ltd.

January 19, 2016

BP Agrees to 20-Year LNG Supply Contract with China

BP plc clinched a 20-year contract this week worth close to $20 billion to supply China with liquefied natural gas (LNG), including from a proposed export plant in Freeport, TX, Group CEO Bob Dudley said Tuesday. A similar agreement between Royal Dutch Shell plc and China also is said to be nearing completion.

June 17, 2014
U.S. ‘Beyond the Golden Age’ for Natural Gas, with China Coming on Strong

U.S. ‘Beyond the Golden Age’ for Natural Gas, with China Coming on Strong

The United States is “beyond the golden age” for natural gas, and North America’s gas surfeit now is in “full swing,” the International Energy Agency (IEA) said Tuesday. China, meanwhile, is entering the golden age, while Mexico is a strong candidate in the future.

June 10, 2014
Statoil Sees ‘Sufficient Demand’ Worldwide for Shale-Driven Natural Gas

Statoil Sees ‘Sufficient Demand’ Worldwide for Shale-Driven Natural Gas

North America should find plenty of outlets for its copious natural gas reserves, but some questions need to be clarified soon, such as whether to allow manufacturers to dictate how much supply remains onshore, or whether the free market fuels an export revolution, according to Statoil ASA’s chief economist.

September 20, 2013
U.S. Gas Volatility, Higher Prices Coming Despite Shales, JP Morgan Exec Says

U.S. Gas Volatility, Higher Prices Coming Despite Shales, JP Morgan Exec Says

As part of a “U.S. Century” fueled by global shale gas dominance, domestic natural gas prices will rise and volatility will return in the next three to five years, a JP Morgan executive told participants at the LDC Gas Forum Mid-Continent in Chicago Tuesday. Colin Fenton did add the caveat that the gas volatility will not be the same as global oil prices, however.

September 11, 2013

Clean Energy Unit Inks $167M CNG Equipment Deal in China

A subsidiary of Newport Beach, CA-based Clean Energy Fuels Corp. said Thursday it has signed a three-year, $167 million deal with a Chinese-based natural gas/propane pipeline company to provide up to 416 compressed natural gas (CNG) compressors and related technologies to support development of more than 300 CNG fueling stations throughout China. Growth of CNG in China is expected to outpace U.S. expansion, Clean Energy executives said.

September 3, 2013

BC LNG Project Proposed for Wealthy Area

The number seven is a symbol of fortune and intelligence in China and that luck is being pressed by the Asian-owned seventh proposal for liquefied natural gas (LNG) exports to the Orient from the Pacific Coast of British Columbia (BC).

August 19, 2013

EIA Says China Will Be World’s Largest Net Oil Importer This Fall

The U.S. Energy Information Administration (EIA) said China is projected to pass the United States and become the world’s largest net importer of oil on a monthly basis by October, and on an annual basis by 2014.

August 12, 2013