china

China became the world’s largest liquefied natural gas (LNG) importer during the first 10 months of 2021, according to data from government agencies.  The U.S. Energy Information Administration (EIA) said China’s LNG imports averaged 10.3 Bcf/d between January and October – a 24% increase over the same period last year. Japan, which for decades had…

Venture Global LNG Inc. has signed an agreement to supply a subsidiary of China National Offshore Oil Corp. (CNOOC), China’s largest liquefied natural gas (LNG) importer, with 3.5 million metric tons/year (mmty) of the super-chilled fuel for a 20-year term.  Venture Global would supply CNOOC with 2 mmty of LNG on a free-on-board basis from…

Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…

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…

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…

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)…

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.…

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…

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…