China gas and power in brief 2020

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15 December 2020

China gas and power in brief 2020

Report summary

Our China gas and power in brief is a rolling coverage of events as they happen in gas and power markets. We add commentary on stories as they break to keep you informed in real-time. The page can be bookmarked for quick access to the latest stories and also for links to our most recent informs and insights. For stories before January 2020, please refer to the China gas and power month in brief.

Table of contents

  • PipeChina releases LNG terminals’ spare capacity for 2021
    • Cheniere increases its run rate, announces deal with Foran Energy
  • SHPGX executes its first international LNG tender transaction
  • LNG demand may fall in October but robust growth in sight this winter
  • PipeChina spin-off lifts Chinese NOCs’ Q3 earnings
  • SHPGX develops new product for LNG transportation
  • Sinopec award of 1 mmtpa tender to Qatar, brings Asian oil linked contract slopes to a new low
  • Gas demand deceleration couldn’t stop LNG from climbing in August
    • Higher domestic output and rising import bill
    • LNG shows strength but downstream sales face challenges
    • First net zero emission target set in 2050
  • Sinopec expands gas downstream business with new Guangxi joint venture
  • China's LNG imports cool in July
  • China’s gas market overcame H1 turbulence – here’s why
  • Shenzhen gas exchange gets government go-ahead
  • Webinar: China’s call on Russian and Central Asian gas – what to watch in the 2020s?
  • Guangdong Energy signs four-year deal for 0.3 mmtpa with DGI
  • BP secures buyers for its 0.6 mmtpa of gas at Dapeng LNG
  • SK E&S teams up with Beijing Gas Blue Sky to scale up gas business in eastern China
  • China LNG imports sustained by lower costs in June
  • Chinese LNG imports jump by one-fifth in May
  • China to build its first international offshore LNG bunkering hub in Shenzhen
  • China reduced piped imports in April to make room for LNG
  • PetroChina’s new 'giant' Sichuan gas play
  • Power demand starts to recover in April
  • National Pipeline Company kicks off first regas project in Shandong
  • Is the recovery of China’s power demand sustainable?
  • China resumes US LNG imports
  • Wuhu inland LNG terminal begins construction
  • China domestic gas output rises against the odds
  • Chinese LNG demand enters cyclical low season in Q2
  • PetroChina's losses on imported gas widened in 2019
  • Chinese LNG imports bounce back in March with stronger appetite in spot markets
  • China launches RMB4 trillion 'New Infrastructure' stimulus measures
  • China LNG imports rise as the country heads towards recovery
  • Chinese independent buyers seek LNG cargoes in spot market
  • China cuts piped gas imports amid coronavirus outbreak
  • Oil price crash eases burden for Chinese LNG offtakers facing weak demand
  • Low pipeline tariff improves Russian gas’ competitiveness
  • China plans to stop subsidising offshore wind and solar thermal projects from 2022
  • China unveils draft rules for non-spot electricity trading
  • Third-phase expansion of Sinopec’s Shandong LNG terminal approved
  • PetroChina ends underground gas withdrawal ahead of schedule and switches to gas injection
  • NDRC cuts power prices to shore up growth after coronavirus outbreak
  • PetroChina and SK Group plan a new LNG terminal in Weihai
  • China to temporarily waive import tariffs on US LNG
  • China aims to lower gas prices to support economic recovery
  • Petronas signs 12-year LNG deal with Shenergy to supply Wuhaogou LNG
  • China opens oil and gas exploration to foreign firms

Tables and charts

This report includes 30 images and tables including:

  • Spare capacity
  • Spare capacity by terminal
  • Annual spare rate by terminal
  • Import price at the Chinese border
  • Delivered prices to Beijing
  • China LNG demand (contracted, uncontracted) and nominal regas capacity
  • China preliminary October LNG imports
  • Preliminary LNG imports in August
  • Great Wall Gas' downstream JVs and investments
  • China preliminary LNG imports in July 2020
  • Infrastructure and offshore gas sources in Guangdong
  • Chinese LNG demand - monthly forecast
  • LNG terminals in Guangdong
  • Guangdong LNG import by port location
  • Sichua basin oil and gas fields
  • LNG regas projects in Shandong
  • US LNG cargoes scheduled to China
  • China gas market balance Q1 2020 vs 2019
  • March LNG imports by terminal
  • China LNG imports by source country
  • China’s monthly piped imports – March is traditionally a low-demand month
  • Delivered cost to Shanghai city gate at different Brent price scenario
  • Delivered costs to Shenyang, northeast China (Brent US$35/bbl)
  • Delivered costs to Shanghai, eastern China (Brent US$35/bbl)
  • Cheniere Post FID contracted volumes v capacity
  • Post FID contracted capacity
  • Operating profit of the natrual gas and pipeline business
  • Unit loss of imported gas

What's included

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    China gas and power in brief 2020

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