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Coastal coal market to move steadily with sufficient supply in June

In the traditional slack season of coal consumption, affected by the maintenance of thermal power unit and the thick wait-and-see attitudes of downstream users, power plants did not transport coal positively in May and the anchored vessels at ports around Bohai reduced against the peak season

06-02-2017 17:59:40

China coke price drops to CNY1,600/mt in mid-February

According to the data from the Market Price Change in Mid-February, 2017 for Important Production Material in Circulation Field issued by the National Bureau of Statistics (NBS) on February 24th, domestic second-level metallurgical coke price was quoted at CNY1,580/mt

02-24-2017 17:44:37

LNG plants operation becomes sluggish with LNG imports keeping rising

According to the data issued by the National Development and Reform Commission (NDRC), import volume of natural gas increased year by year in 2010-2016 period and the total import volume was predicted to reach above 70 billion m3, up by 8.36% YoY in 2016.

01-20-2017 15:21:36

Natural gas distributed energy to see a fast development

China’s natural gas distributed energy industries have been preliminarily formed after exploring for over 10 years in a small number of developed areas and cities since 2002.

12-29-2016 11:42:27

CNPC reserves 71.2 billion cbm of natural gas to guarantee supply in winter

On December 21st, according to the press conference of Winter Supply in 2016 issued by CNPC, the contradiction between supply and demand in winter still existed though the total natural gas demand growth dropped. During 2016 winter and 2017 spring period, CNPC will mobilize global resources

12-25-2016 19:47:19

China LNG consumption rises, albeit market remains sluggish

According to JLC, China LNG consumption rose evidently in 2016 against 2015. China LNG consumption totaled 12.414 billion m3 in the first 11 months in 2015, and it totaled 15.481 billion m3 in the first 11 months in 2016, up by 24.71% YoY.

12-23-2016 09:14:59

CNOOC opens a new era to guarantee natural gas winter supply

Nature gas demand rises sharply in winter with nationwide temperature cooling down continually and supply shortage reaches 37 million m3/d, which makes the situation more severe. CNOOC fully develops LNG industry chain advantages

12-23-2016 09:09:22

IEA: Crude supply will be in shortage in H1 of 2017 owing to OPEC's output-cutting deal

Bloomberg reported on December 13th Beijing time, according to IEA, global oil market will be in short supply from oversupply in the first half of 2017 with OPEC and other oil producers executing the production reduction deal.

12-14-2016 10:57:24

Oil products will rise amid retail prices' biggest gain and non-OPEC's output-cutting

Recently, international crude prices moved with mixed trend and the news that OPEC reached the freezing production deal was still rife, which continually pushed up oil prices. Then, international oil prices declined as a new high in Russia and OPEC November crude output was also worrisome

12-14-2016 10:47:24

NEA: Proportion of natural gas consumption to reach 10% by 2020

Li Wei, the director of the Development Research Center of the State Council said on the 2016 Energy Great Transformation Summit held on December 10th that the proportion of natural gas consumption would account for 10% of the primary energy consumption

12-13-2016 09:27:23

LNG market is still unsatisfactory amid affluent supply

The fact that LNG market was not vigorous in the peak season became a concern for LNG plants in 2016. The station prices were raised by 10% on November 20th with the increasing of LNG plants’ production costs.

12-06-2016 17:41:14

The Shaanxi-Beijing No. 4 natural gas pipeline project is put into production

The Shaanxi-Beijing No. 4 natural gas pipeline project (Baodi-Xianghe-Xiji pipeline) was put into production at 17:30 on November 29th and formed a new gas-supply pipeline in the east of Beijing, which provides a new guarantee for safe and steady supply of natural gas

12-02-2016 18:03:40

China's scaled LNG industry has sustainable development foundation

China’s natural gas market will have great potentials in the future and LNG plays an irreplaceable role in the market. Wu Zhengxing, vice president of CNOOC Gas & Power Group said at the China Oil & Gas Reform and Development Summit held on November 26th

11-29-2016 18:18:03

Sinopec strengthens the cooperation with Russia's energy enterprises

Sinopec responded positively to the proposal of “One Belt One Road", vigorously implementing its company strategy of "Openness and Cooperation" and strengthening the cooperation with Russia's energy enterprises.

11-29-2016 17:29:16

The up-regulated LNG gate prices rise as forecasts, but drop actually

Domestic LNG market moved with mixed trend underpinned by the downstream restocking in October, which prepared for the rising situation in November with downstream social inventories basically restocking to a high level. However, the situation was not ideal as expectation earlier in November.

11-23-2016 15:18:56

China November LPG price closes to the year-ago level

After entering November, market transferred focus on the formally OPEC conference held at the end of this month in Vienna, which was held once every half a year.

11-04-2016 14:04:20

Main gas fields run at full capacity to secure supply with a consumption peak pending

The gas industries' demand has been sluggish in off-peak time since 2015 affected by such factors as the slack domestic economy growth and low price of alternative energy. The peak-valley spread expanded further and the balance of supply and demand was affected

11-01-2016 17:38:37

Northwest China increases outward liquid gas supply

Shenhua Group Ordos Coal-to-Oil Branch's liquid gas was transacted online on October 28th after online trading has been halted for half a month, which was sold out with a price of CNY3,100-3,110/mt.

11-01-2016 17:34:26

China's three oil giants will reduce expenses amid the unclear oil price situation

A slump in commodity prices has continued into the third year and price uncertainty is still stirring the market. Under this, the results released by China's three big state-owned oil and gas companies shows some things in common

10-31-2016 18:00:05

China natural gas supply expected to increase

According to the Asia-Pacific Gas Information Convention, the development potential of gas-supply field is enormous with the total of China’s natural gas supply rising, which boosts China’s natural gas-supply industries.

10-27-2016 09:37:04

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