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China gas and power month in brief: LNG imports hit new record

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28 February 2018

China gas and power month in brief: LNG imports hit new record

Report summary

China's LNG market is getting used to new record-high imports as demand soars. LNG regas terminals in north China have been operating up to 50% higher than their nominal capacity. The tight market has sparked more commercial activity. CNPC has signed LNG SPAs with Cheniere, hoping to hedge against other supply risks, especially during winter. As the controlling shareholder, ENN is working with Santos to form a joint venture on LNG trading in its quest to become a vertically integrated player. Pacific Oil & Gas and Yudean have started building the Yangjiang LNG terminal in Guangdong and Sinopec finally commissioned its Tianjin terminal in early February.

Table of contents

  • Executive summary
    • China LNG imports hit new record in January
    • NEA intends to reset the clock for CSP projects
    • CNPC and Cheniere sign China’s first US LNG contracts
    • ENN to form LNG joint venture with Santos
    • Land reclamation begins for Yangjiang LNG project
    • Uphill battle to clean up the sky continues

Tables and charts

This report includes 4 images and tables including:

  • Monthly gas demand, bcm
  • Monthly LNG imports, Mt
  • Monthly power demand, Twh
  • Beijing AQI

What's included

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    February 2018_dashboard.xls (1)

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    China gas and power month in brief: LNG imports hit new record

    PDF 1.70 MB

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