Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Oil market poised for China showdown
China puts the strategic in SPR as it looks to utilise record oil storage
China pumps record crude despite economic headwinds
Record domestic production and high imports contrast with weak economic growth to raise the question of how much more crude China can store
East Asian LNG demand may not threaten Europe
Risks persist, particularly those related to weather, which could tighten gas availability for Europe
Gas jostles for vital role in China’s energy mix
The fuel has lost ground to coal and renewables but is seen as key to balancing needs for energy security with long-term efforts to decarbonise
Asia’s NOCs chart paths to decarbonisation
But none of the companies are poised to abandon oil and gas anytime soon
China’s LNG demand blunted for now
Pipeline imports and domestic production gains may limit LNG take, but Russia and Central Asia uncertainty could prompt buying activity
Rise of Brics challenges oil world order
The five economies are shaking up global markets, and they could be on the cusp of a major break from the existing order
Letter from China: Price controls squeeze gas suppliers
Incomplete price reforms pose problems for both upstream and downstream players and threaten further shortages
Low prices not luring Asian buyers back to LNG
Preferable nuclear and coal options suggest balanced Asian LNG market, at least over the summer
Opec+ cuts jar with China’s strong buying signals
Beijing likely to be unfazed by move amid growing alliance with Saudi Arabia
China's Yangshan LNG terminal
China Cnooc Sinopec
Shi Weijun
Shanghai
15 September 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

China well-stocked with gas for winter

Sufficient term-contract volumes and soft demand are insulating the country from the expensive spot LNG market

Soft gas demand in China means long-term contractual volumes will likely be enough to meet domestic requirements this winter, although cold snaps could still potentially push state-owned importers to dip into the expensive spot market to cover their needs. China’s apparent gas consumption in H1 declined by 0.5pc year-on-year, to 181.9bn m³, the first decline for a six-month period since 2004 and a reversal from growth of 17.4pc in the same period a year ago. Gas imports fell by 8.9pc, to 74.1bn m³, in H1, thanks to a 19pc drop in LNG imports, to 42.8bn m³. Pipeline flows, on the other hand, grew by 10pc, to 31.2bn m³, lifted by greater volumes of cheaper Russian gas. Weak demand in H1 means

Also in this section
Appalachia’s gas faces infrastructure challenge
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
Letter from Stockholm: Lundin trial could set corporate precedent
Opinion
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan
Refinery delays contribute to Abuja’s fuel challenge
21 September 2023
Nigeria’s downstream status quo changed forever with the end of fuel subsidies, but the flagship Dangote refinery has still yet to start operations
Canada’s west coast LNG projects gain momentum
20 September 2023
Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector

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
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