The Chinese government has boosted subsidy programs to increase domestic production of natural gas in an effort to stifle rising imports, according to the U.S. Energy Information Administration (EIA).
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Only two natural gas export projects have been sanctioned year-to-date in the United States, but there could be more than double that number in 2020, according to one of the nation’s experts.
Sempra Energy on Monday said its liquefied natural gas (LNG) unit has a memorandum of understanding with a Chinese operator to provide supply for the country’s power generation sector.
Japan’s Minister of Economy, Trade and Industry (METI) Isshu Sugawara said Thursday $10 billion would be invested in liquefied natural gas (LNG) projects worldwide by the country’s private and public sectors.
China is forecast by some prognosticators to become the world’s third largest natural gas producer by 2027 but imports still could increase because of lower shale and coalbed methane (CBM) production.
China announced on Friday it plans to impose tariffs beginning Sept. 1 on $75 billion worth of U.S. goods, including domestic oil, in response to rising taxes set to be imposed by the Trump administration.
The same day that an escalation in U.S.-China trade tensions sent crude prices tumbling, Baker Hughes, a GE Company (BHGE) released updated rig numbers Friday showing a sizeable slowdown in the domestic onshore oil patch.
China’s city-gas distributor Shenzhen Gas is planning to begin importing natural gas this week at the Yantian port in Shenzhen through subsidiary Sino-Benny.
China’s two largest exploration and production companies increased natural gas volumes in the first half of the year, in line with a government mandate to offset coal use.