Tuesday, September 17, 2013

China Natural Gas Recap Last Two Weeks Sept 17th

Lots of articles on natural gas in the recap for Russia and Central Asia ...

China to take 20% of Asian LNG demand by 2030 - 315 MTPA - Interfax Asian LNG demand will surge to 315 mtpa by 2030, an increase of 81% from 174 mtpa in 2012, said Cai Ming, analyst with Poten & Partners. China's imports of LNG will reach 60 mtpa by the same year, representing 19% of regional demand.

China Back to Drawing Board as Shale Gas Fails to Flow - Reuters | China has gone back to the drawing board on how to develop what could be the world's largest shale gas reserves after attempts to stimulate investment and engineer an energy revolution brought little progress in the gas fields. Beijing has struggled to find a way to emulate the frenetic exploration and production activity of the shale gas boom in the United States, and the latest setback makes reaching even a modest 2015 output target of 6.5 billion cubic metres (bcm) unlikely.

CNPC to invest $75 billion on pipelines in five-year span - Interfax China National Petroleum Corp. (CNPC), the country's top gas producer, will invest more than RMB 460 billion ($75.19 billion) between 2011 and 2015 to lay 65,000 km of oil and gas pipelines, said an executive with the company's pipeline engineering subsidiary China National Petroleum Corp. (CNPC), the country's top gas producer, will invest more than RMB 460 billion ($75.19 billion) between 2011 and 2015 to lay 65,000 km of oil and gas pipelines

China sees LNG carriers as saviour of shipyards _ Interfax China's shipyards have not escaped the doldrums of the global shipbuilding industry. But they are moving up the value chain in responce to intense competition from Japanese and South Korean shipyards, and LNG carriers are set to play a key role in a government-backed recovery plan released by the National Development and Reform Commission (NDRC) earlier this month. ...plan encourages the manufacture of high-end products, including LNG carriers, LNG-fuelled vessels, marine engineering vessels and equipment for drilling platforms.