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China gas and power in brief

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01 March 2023

China gas and power in brief

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. The latest dataset is available in China gas and power datapack 2022. For stories before January 2022, please refer to the China gas and power in brief 2021.

Table of contents

  • 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 38 images and tables including:

  • Annual gas production and forecast for major basins
  • Russia’s Far Eastern Route pipeline to China
  • Power of Siberia pipeline segments
  • Capacity and import forecast
  • Power of Siberia pipeline
  • Injection and withdrawal by NOCs and PipeChina
  • Injection and withdrawal by legacy storage facilities
  • The largest LNG SPAs signed
  • SPAs signed by Chinese buyers
  • Sinopec LNG SPAs
  • Jingyan-Jianwei region by Sinopec and Weiyuan region by PetroChina
  • China commercial CBM production
  • Year-on-year change in monthly supply and demand
  • Monthly gas-fired power generation
  • Monthly gas power generation, mainland China
  • CNPC-PetroChina's LNG SPAs , by signing year
  • CNPC-PetroChina's contracted LNG (SPAs)
  • Deep shale gas regions under exploration by Sinopec on the southeast edge of the Sichuan Basin
  • Kazakhstan gasification level by region (% of population with access to gas grid)
  • Tight gas production of PetroChina Southwest Oil and Gasfield Company
  • Number of LNG trucks ex-Wuhaogou LNG terminal
  • Brent oil price
  • Asian spot LNG price
  • Daily newly confirmed cases in Shanghai
  • Delivered price to Guangdong
  • Contracting Status of Pre-FID US Capacity
  • Annual gas production and forecast of major basins
  • West-East Pipeline system
  • Estimates of spot prices of trucked LNG, daily
  • Estimates of spot prices of trucked LNG, monthly average
  • Sakhalin-Khabarovsk-Vladivostok (SKV) pipeline
  • China's 2022 shale output by project
  • Estimates of monthly gas-fired power generation
  • SPA signed in 2021
  • Zhejiang Energy
  • ENN

What's included

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    China gas and power in brief

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