China gas and power month in brief: LNG and power markets remained hot Report

Insight 30 March 2018

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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China's LNG and power markets remained hot in the first two months of 2018, driven by widespread cold snaps and snowfall as well as revived industrial production. The heating season has ended, but the government is pushing harder on new reform initiatives. As gas penetrates higher in the energy mix and demand seasonality tightens supply causing prices to spike, China has cut gas pipeline tariffs in Guangxi and is looking to build more underground gas storage to ease supply tightness in winter. The government is also encouraging development of more distributed generation and incremental distribution grids, to help make the power market more competitive. Trump's trade war could hurt the US-China relationship and affect commodity exports from China, but we expect the impact on US LNG imports should be marginal at this stage.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive summary
    </li>

<li class="list__item-toggle">
        <a href="#27e7896a-4278-4621-aa56-c7ee97c6ad1e" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="27e7896a-4278-4621-aa56-c7ee97c6ad1e" aria-expanded="false">
            Markets
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        <ul id="27e7896a-4278-4621-aa56-c7ee97c6ad1e" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        LNG imports remained strong in February
    </li>
    <li class="push-quarter--bottom">
        Power demand grows strongly in first two months
    </li>

</ul>
    </li>

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        <a href="#00cc7cb6-3054-4c84-b6e7-1d26ac86b651" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="00cc7cb6-3054-4c84-b6e7-1d26ac86b651" aria-expanded="false">
            Policy
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        <ul id="00cc7cb6-3054-4c84-b6e7-1d26ac86b651" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Distributed generation could see more growth opportunities
    </li>
    <li class="push-quarter--bottom">
        Incremental distribution grid reforms could expand further
    </li>
    <li class="push-quarter--bottom">
        Midstream margin control gathers momentum
    </li>
    <li class="push-quarter--bottom">
        2018 energy sector guidance sets ambitious gas penetration target
    </li>
    <li class="push-quarter--bottom">
        Trump's trade tirade: what are the implications for US-China LNG co-operation?
    </li>

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            Infrastructure
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        <ul id="cd9f05fe-1fe4-46a8-bc32-c99b7cd85560" class="panel-toggle push-half--left push-half--bottom">
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        PetroChina aims to accelerate gas storage facility build-up
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            Smog watch
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        <ul id="443279ef-de10-4845-89b8-91ac247dfe87" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        As winter restrictions are lifted, AQI follows suit
    </li>

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    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Monthly gas demand, bcm</li><li class="list__item push-quarter--bottom">Monthly LNG imports, Mt</li><li class="list__item push-quarter--bottom">Monthly power demand, Twh</li>
     </ul>
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        <ul class="list list--bullets panel-toggle" id="3aca36a34ea1467580af32020065f33f">
            <li class="list__item push-quarter--bottom">Provincial pipeline tariff-setting metrics</li><li class="list__item push-quarter--bottom">Estimated start-up time and total capacity for China's underground gas storage facilities in place</li><li class="list__item push-quarter--bottom">Beijing AQI</li>
        </ul>
        
    </div>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
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<p class="font-regular" >China gas and power month in brief: LNG and power markets remained hot</p>
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    <span>PDF</span>
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