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China gas and power month in brief: positive dynamics for gas, LNG and coal

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Report summary

Driven by coal-to-gas switching in the industry sector, China’s gas demand performed strongly in May. Overall demand was up by 18.5% and LNG imports more than doubled. The NOCs ramped up contractual LNG volumes and became more active in the spot market. Midstream reform in the gas value chain gathers momentum – with a tighter city-gas distribution margin control we expect to see more demand upside to be unlocked. The new Qidong terminal had a difficult commissioning, which may undermine Guanghai's credibility as an emerging LNG player. On the power side, demand continues to decelerate, dragged down by energy-intensive industries. The NDRC announced to elevate on-grid tariffs to ease coal generators’ sustained financial hardship. Clean energy hit a new provincial record in Qinghai, a landlocked inland province. Local demand was met purely from renewables for 168 hours.

What's included

This report contains

  • Document

    June 2017 dashboard.xls

    XLS 168.50 KB

  • Document

    China gas and power month in brief: positive dynamics for gas, LNG and coal

    PDF 694.14 KB

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    China gas and power month in brief: positive dynamics for gas, LNG and coal

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Table of contents

  • Executive summary
    • Coal-to-gas switching underpins strong gas demand growth
    • Milder power demand growth in May and what’s next?
    • Tariff uplift to ease coal generators’ financial hardship
    • Gas distribution margin control unlocks upsides for China gas market
    • Qinghai province takes a big step towards clean energy supply
    • The Qidong LNG Terminal commissioned through trial and error
    • The rain, the sunshine, the heat – summer has arrived

Tables and charts

This report includes 6 images and tables including:

Images

  • China gas and power month in brief: positive dynamics for gas, LNG and coal: Image 1
  • Monthly gas demand
  • Monthly LNG demand
  • Monthly power demand
  • Beijing AQI

Tables

  • China gas and power month in brief: positive dynamics for gas, LNG and coal: Table 1

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