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LNG price not to rise further on lower-than-expected demand

According to JLC, LNG market in northern China witnessed another round of price rise due to low liquid levels of LNG plants in Shaanxi and Inner Mongolia.

01-24-2018 13:47:36

Major state-owned companies dominate in China imported LNG market

According to JLC, there are 18 LNG receiving terminals operating in China with imported LNG receiving capacity totaling 56.9 million mt/yr, about 79.66 billion cubic meter meters.

01-18-2018 14:50:21

LNG heavy duty truck market is still promising in 2018

According to JLC, China LNG heavy duty truck sales in Q4 2017 fell due to natural gas shortage and rising natural gas price. However, in whole 2017 about 60,000 China LNG heavy duty trucks were sold, hitting high record since 2014.

01-16-2018 15:11:53

China’s PNG imports from Turkmenistan increases

Up to December 27th, 2017, Turkmenistan had delivered 100 million cubic meters of natural gas to China, up 30 million cubic meters from the previous period when natural gas supply from Turkmenistan to China decreased.

01-11-2018 16:32:30

China November LNG imports hit record high

According to data from the General Administration of Customs of the PRC, China November natural gas imports hit 6.5529 million mt, up 41.88% YoY and up 12.81% MoM. November LNG imported was 4.0558 million mt, up 52.52% YoY and up 13.71% MoM, hitting the record high in 2017.

12-27-2017 17:21:21

Kuwait signs LNG import deal with Shell

Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand.

12-27-2017 15:41:05

Tianjin imported LNG from Russia for the first time

It was learned from Tianjin Entry-Exit Inspection and Quarantine Bureau on December 25th that one LNG vessel carrying 145,600 cubic meters LNG arrived in Tianjin for the first time.

12-26-2017 16:04:38

LNG price plunged amid increased supply and decreased demand

Recently, LNG price plunged from over CNY10,000/mt to CNY7,000-8,000/mt, down by CNY1,500-2,000/mt.

12-26-2017 14:15:04

December witnessed more imported LNG cargoes arrived in China market

LNG market price in northern China broke CNY10,000/mt in northern China amid extremely tight supply after the heating season came.

12-25-2017 16:39:11

Imported LPG demand in December 2017 increased

Imported LPG demand increased in winter. Gross profit of importers in early and middle December averaged above CNY200/mt.

12-25-2017 14:36:04

LNG project of Sinopec Tianjin is to operate

It was learned by JLC that LNG Sinopec Tianjin LNG receiving terminal’s first vessel of LNG is expected to reach on January 10th, 2018. Sinopec had a meeting on December 18th about the Tianjin LNG project to guarantee it operating before January 10th, 2018.

12-21-2017 13:42:37

LNG price in northern China hit record high amid tight supply

It was learned by JLC that LNG price in northern China broke CNY10,000/mt on December 20th, a record high ever since. And imported LNG is well-received amid “south-to-north natural gas transportation”.

12-21-2017 09:55:26

The NDRC took 6 measures to guarantee natural gas supply in 2017 winter

The National Development and Reform Commission took six moves to ensure natural gas supply.

12-20-2017 15:31:14

CNOOC and PetroChina cooperated to guarantee natural gas supply

News on December 18th read that natural gas from CNOOC’s South China Sea offshore gas and Zhuhai LNG was transported oppositely to PetroChina’s West to East Gas Pipeline II. CNOOC and PetroChina cooperated to guarantee 7.25 million cubic meters natural gas to northern China to ease the tight supply.

12-20-2017 10:40:59

China natural gas nationwide consumption jumped nearly 20%

Data released by the National Development and Reform Commission on December 18th showed that China nationwide natural gas consumption from January to November 2017 totaled 209.7 billion cubic meters, up by 18.9% YoY.

12-19-2017 14:00:14

China LNG imports in November may record high

China LNG imports totaled 29.211 million mt from January to October 2017, up by 47.8% YoY with growth rate up by 25 percentage points. 3.5669 million mt was imported in October. And the number in November 2017 is expected to break 3.73 million mt high record in 2016.

12-15-2017 10:30:31

LNG price in Northwest China rose again

According to JLC, LNG price in Northwest China surged as the demand in northern China increased significantly, but the supply was short.

12-14-2017 17:11:18

Russia will rival with US on LNG exports

IEA said that US can challenge dominant role of Qatar and Australia on LNG exports before 20222. But, Russia was also trying to dominate natural gas exports.

12-14-2017 11:47:19

Yuntianhua stopped urea production amid natural gas shortage

On December 12th, 2017, synthetic ammonia and urea production units mainly taking natural gas as feedstock of Yunnan Shuifu Yuntianhua were stopped to guarantee residential natural gas supply amid increased natural gas consumption by households in winter.

12-14-2017 09:14:37

LNG demand increases amid “shifting from burning coal to burning gas”

Natural gas demand increased amid rapid development of “shifting from burning coal to burning gas” in 2017. As it takes time to build natural gas pipelines, most companies chose burning LNG to replace coal, which drove LNG consumption to mount significantly.

11-22-2017 18:04:46

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