Petrochina

China Assumes Role of Swing Player With Surplus Natural Gas Inventories

China Assumes Role of Swing Player With Surplus Natural Gas Inventories

China, the world’s largest buyer of LNG,  is reselling the super-chilled fuel to Europe and Asia as an economic slowdown and a boost in Russian gas supplies have created surplus inventories.  In 2021, Chinese gas demand grew at the fastest rate on record, when year/year imports increased by 19.9%, according to the Middle East Institute…

September 14, 2022
Cheniere Previews Future Corpus Christi LNG Growth with 1.8 MMty PetroChina SPA

Cheniere Previews Future Corpus Christi LNG Growth with 1.8 MMty PetroChina SPA

Cheniere Energy Inc. announced it has inked an additional long-term LNG offtake contract with PetroChina Co. Ltd., building on its supply agreement hot streak and teasing its next generation of projects. Houston-based Cheniere has signed a 1.8 million metric ton/year (mmty) sales and purchase agreement (SPA) with existing customer, PetroChina. According to the SPA, liquefied…

July 20, 2022
Shell Signs Industry’s First Term Contract to Supply Carbon-Neutral LNG

Shell Signs Industry’s First Term Contract to Supply Carbon-Neutral LNG

Royal Dutch Shell plc said Monday that it has signed the world’s first term contract to supply carbon-neutral liquefied natural gas (LNG) to a PetroChina Co. Ltd. subsidiary.  Shell said it signed a five-year agreement with PetroChina International Co. Ltd. (PCI). It did not say how much carbon-neutral LNG would be supplied or when the…

July 12, 2021

Two LNG Canada Stakeholders Agree to Foot Their Costs for Terminal

Hope grew Friday for the long-awaited start of liquefied natural gas (LNG) exports from British Columbia (BC) when two Asian participants in LNG Canada disclosed they are willing to foot their bills for the proposed Pacific coast terminal.

September 28, 2018

U.S. Shale Credited for Surge in Upstream Spending

Big spending by Big Oil in the U.S. shale plays is leading to a big-time recovery in global upstream capital spending, according to energy consultant Wood Mackenzie.

November 15, 2010