Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
EU bodies issue gas price cap warnings
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
Greater Tortue Ahmeyim FPSO sets sail
The LNG project’s vessel is due to arrive in the second quarter
Aussie gas industry calls for intervention clarity
New guidelines fail to quell industry criticism, while the prevalence of long-term contracts and Australia’s geography limit the efficacy of the reforms
Alberta’s Sovereignty Act stokes controversy
Supporters say the act will deter Ottawa from introducing further legislation affecting oil and gas, while opponents say it creates uncertainty that will harm investment
Headwinds threaten Haynesville growth
Output from the play set for slowdown as pipeline bottlenecks loom and operators remain cautious
Riyadh doubles down on Chinese downstream partnership
A flurry of petchems co-investments reflects Aramco’s drive to preserve long-term market share in both crude and its products
LNG faces growing shipping constraints
New regulations are likely to restrict an already limited pool of vessels capable of transporting gas
Alaska LNG advances on energy security concerns
The supply shock caused by Russia’s invasion of Ukraine could push the long-delayed liquefaction project across the finish line
Confidence and fear in Adnoc’s new upstream plan
The Emirati heavyweight’s five-year investment blueprint calls for an accelerated oil and gas capacity ramp-up
Colombian production rebounds post-pandemic
Undeveloped basins, minimal industry competition and gas supply imbalance are notable tailwinds even as windfall taxes loom large
Gas withdrawal from storage sites is expected to meet around 8.7pc of winter demand
Gas Storage LNG China Petrochina Sinopec
Shi Weijun
Shanghai
23 November 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

China’s gas storage reliance grows

Despite technical challenges and slow development times, storage capacity is expanding

China will meet a greater share of its gas requirement through withdrawals from underground gas storage (UGS) this winter. Demand is widely expected to remain subdued during the heating season, which started in November, and combined with forecasts of greater stock draws this means storage will account for a higher percentage of the country's gas supply mix over the colder months than it did a year ago. China injected an estimated 17bn m³ of gas into storage—including both UGS facilities and tanks at LNG regasification terminals—this summer, up by 2.5bn m³ year-on-year, according to data compiled by Petroleum Economist. Given the much quicker turnover of gas in LNG storage tanks, the UGS fac

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beating the Russian products ban
27 January 2023
Legal and illegal efforts to skirt the prohibition are likely to intensify—especially in Turkey, the Balkans and Eastern Europe
Israel presses go on OBR4
27 January 2023
Fourth offshore bid round includes 20 exploration blocks across nearly 5,900km²
EU bodies issue gas price cap warnings
27 January 2023
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
Serica faces ‘aggressive’ questioning on Tailwind deal
26 January 2023
The UK-focused producer is finding shareholders disgruntled by its latest proposed M&A

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search