China gas and power in brief

Table of contents

• PipeChina builds a second Sichuan-East pipeline
• China's domestic gas production continues the momentum in H1 2023
• China’s gas demand returned to growth in H1 2023 but weaker-than-expected economy weighs on prospects for H2
• China’s regas terminals have progressed fast recently with non-NOCs playing a dominant role
  • China’s Xinjiang government incentivise gas production
• Chinese companies continue to lock in LNG volumes
• Guangdong province adjusts 2025 energy targets, placing more emphasis on energy security
• The third shale gas play in the Sichuan Basin is likely to provide additional long-term supply
• China’s underground storage withdrawal in the past winter increased by 16% year-on-year
• Chinese NOCs report mixed year-end results and outline plans for 2023
• China's gas production and exploration showed steady progress in 2022
• Russia and China ink bilateral terms for Far Eastern Route gas pipeline exports
• Power of Siberia pipeline progress connects Shanghai to gas sources
• China’s underground storage is well prepared for peak demand during the 2022–2023 winter season
• QatarEnergy signs 27 year 108 Mt LNG SPA with Sinopec
• Sinopec's recent exploration in the Qiongzhusi formation may open a new chapter for shale gas in China
• China’s deep CBM development sees progress but is still in the early stage
• Hot summer boosted gas power but didn’t prevent the overall gas demand weakness
• PetroChina’s well, Nanchong-1, further ascertains large conventional gas resources in the Sichuan Basin
• PetroChina, Sinopec to voluntarily delist from NYSE
• Gas power generation in June improves from May but remains subdued
• PetroChina signs LNG SPA with Cheniere
• Sinopec announces a new deep shale gas resource discovery in the Sichuan Basin
• CNOOC, ExxonMobil and Shell sign CCUS MoU as NOC accelerates net-zero targets
• Recent developments in the Shunbei field add new gas resources in the Tarim Basin for Sinopec
• Kazakh government admits to looming gas market concerns
• Successful tight gas development in the Sichuan Basin drives new gas supplies
• PetroChina approves a deep shale development
• Zhenhua Oil’s acquisition of a 34% stake in the Guoxin Rudong LNG terminal may accelerate its term LNG contracting
• Gas market under Shanghai’s lockdown
• Foran Energy cancels JKM-linked LNG contracts with BP
• NextDecade signs offtake agreements with Chinese emerging buyers
• Sinopec and PetroChina consider buying discounted spot cargoes from Russia
• PipeChina to offer third-party access to Wen 23 underground storage
• The Sichuan, Ordos basins and South China Sea will drive China’s gas production growth in 2022
• West-East Gas Pipeline IV completes environmental assessment
• Unusual trucked LNG price rally in February
• Gazprom and CNPC ink agreement to supply gas to China via Far Eastern route
• Power of Siberia 2 makes progress
• Chinese Zhejiang Energy could get 10% in Russian Yakutia LNG project
• China boosts shale gas output by 15% in 2021
• Gas-fired power generation slows amid improved coal supply and high gas prices
• Novatek inks two Arctic LNG 2 supply deals with Chinese companies

Tables and charts

This report includes 52 images and tables including:

• Gas production growth
• Mainland China gas balance in H1 2023
• Monthly gas-fired power output estimates

What's included

This report contains:

• China gas and power in brief

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