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China’s first offshore gas storage officially comes online

Beijing (JLC), November 28, 2024--Nanpu-1, China’s first offshore gas storage facility, officially started operation on November 26, its owner PetroChina Jidong Oilfield announced on official WeChat a

11-28-2024 17:53:54

First onshore LNG bunkering station in South China progresses

Beijing (JLC), April 2, 2024--CNOOC Qingyuan Lianjiangkou LNG bunkering station, the first onshore bunkering station in South China, passed the mechanical completion acceptance on March 28.

04-03-2024 11:13:19

More PDH capacity to come online in 2024

JLC (Beijing), March 14, 2024--In 2024, over 8 mln mt/yr of PDH unit capacity is projected to be released in China, despite the already-large capacity.

03-14-2024 12:25:19

Jovo to buy 12% more share of Huabei Oilfield Zhonglan

Beijing (JLC), December 28, 2023-- Jiangxi Jovo Energy Co., Ltd planned to acquire 12% more stake in Sichuan Huabei Oilfield Zhonglan Energy Co., Ltd. with CNY105 million, the company announced on Dec

12-28-2023 15:08:06

China’s first offshore gas storage starts production

Beijing (JLC), November 30, 2023--Jidong Oilfield Nanbao-1 gas storage, China’s first offshore gas storage, started producing gas on November 17, its owner PetroChina said on its website.

11-30-2023 17:59:16

Changqing Oilfield produces more than 40 bcm of gas

Beijing (JLC), October 17, 2023--As of October 11, PetroChina Changqing Oilfield has produced 40.01 billion cubic meters (bcm) of natural gas in 2023, a source from the company said.

10-17-2023 12:27:28

World’s largest offshore LNG receiving terminal becomes operational

Guangzhou (JLC), September 22, 2023 – Hong Kong’s first offshore LNG receiving terminal, also the world’s largest offshore LNG receiving terminal, officially came on stream on September 21.

09-22-2023 18:03:56

New Times wins six more LNG tanker orders

Beijing (JLC), June 19, 2023--China’s New Times Shipbuilding Co., Ltd. signed a contract on building six LNG-powered tankers with Greek shipowner Capital Ship Management on June 13, market sources sai

06-19-2023 16:49:58

Hong Kong’s first offshore LNG terminal to come online

Beijing (JLC), April 25, 2023--MOL FSRU Challenger successfully berthed at the Hong Kong LNG terminal on April 13, marking the countdown to the launch of Hong Kong’s first offshore LNG terminal.

04-25-2023 14:41:57

More Chinese cities raise PNG prices

Beijing (JLC), May 25, 2022--More Chinese cities raised their piped natural gas (PNG) prices amid tight supply and climbing costs, with increase rates ranging between 17% and 46%, JLC data showed.

05-25-2022 16:31:02

China's dependency on foreign gas reaches 44% in Jan-Oct 2021

Beijing (November 24, 2021)--China’s dependency on foreign natural gas in the first ten months of 2021 rose year on year amid increased demand.

11-24-2021 18:03:02

China’s LNG importers lock in more long-term contracts in 2021

Beijing (JLC), October 29, 2021--China’s LNG importers have signed more long-term contracts with foreign suppliers in 2021 in a bid to avoid high spot prices and ensure winter gas supply in the face of wild surges in global LNG prices amid tight supply.

10-29-2021 18:54:06

China adds more than 2.3bln cbm of gas storage capacity in 2021

Beijing (JLC), October 24, 2021--China has added more than 2.39 bln cubic meters (cbm) of storage capacity and 1.002 bln cbm of working gas capacity of underground natural gas storage facilities in 2021, improving gas supply for this winter heating season.

10-25-2021 17:31:42

China’s gas consumption forecast to hit 420 bcm in 2025

Beijing (JLC), August 11, 2021--China’s natural gas consumption is forecast to reach 420 bln cubic meters (cbm) in 2025, the final year of the country’s 14th Five-Year Plan, according to a new report compiled by CNPC's think tank and two other state oil companies.

08-11-2021 17:09:34

PipeChina Guangdong delivers 76% more gas in H1

Beijing (JLC), July 23, 2021--PipeChina Guangdong transmitted 76% more gas in H1 when compared with the same period last year due to increasing demand, the company said.

07-23-2021 15:39:04

Guangdong's H1 electricity consumption soars more than 20%

Beijing (JLC), July 13, 2021--China Southern Power Grid (CSG) says Tuesday in a release that Guangdong booked an on-year surge of 22.89% in its electricity consumption in the first half (H1) of 2021, remaining China’s largest electricity consumer.

07-13-2021 15:39:06

China's foreign trade soars 28.5% in Jan-Apr

China's yuan-dominated imports and exports surged by 28.5% year on year to 11.62 trillion yuan (about 1.80 trillion U.S. dollars) in the first four months of 2021, according to data from the General Administration of Customs (GAC).

05-08-2021 10:43:02

China starts construction of first offshore gas storage

Beijing (JLC), April 21, 2021--Sinopec Jidong Oil Field Company kicked off the construction of China’s first offshore gas storage at Caofeidian area of Bohai sea on April 15, 2021, a market resource said.

04-21-2021 14:55:58

China LNG prices to slide in Q2 on less demand, more supply

Beijing (JLC), April 20, 2021--China LNG trade prices are expected to slip in the second quarter of this year, because of less demand after the heating season and more supply.

04-20-2021 16:33:08

China’s Jan-Feb gas consumption rises more than 10% on year

Beijing (JLC), March 25, 2021--China’s apparent consumption for natural gas increased in the first two months of 2021, primarily driven by strong heating demand.

03-25-2021 16:48:53

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