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China gas and power month in brief: record-high LNG imports ending country's over-contracted position
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Gas shortages in China grabbed the headlines this winter. Soaring gas demand drove LNG imports to a record-high of 38.3 Mt in 2017 but still the northern provinces remained hungry for gas. LNG regas terminals in the north were overloaded with cargoes that needed to be trucked to end users. With a significant increase in spot purchases, China's over-contracted position is set to end. China also saw strong growth in its power demand last year. But it looks set to slide from 6.6% in 2017 to between 4.5% and 5.5% year-on-year in 2018 as heavy industry production slows.
Table of contents
- Executive summary
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Markets
- Record-high LNG imports are ending China's over-contracted position
- Power demand growth will slow down in 2018
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Policy
- Zhejiang rolls out three-year plan for gas development
- Environmental protection tax comes into force
- Coal-fired power tariff reviews failed to come through
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Corporate activity
- Kazakhstan sets ambitious goal for gas exports to China
- Sinopec enters homestretch for commissioning the Tianjin LNG
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Smog watch
- A fresh start to year
Tables and charts
This report includes the following images and tables:
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Monthly gas demand, bcmMonthly LNG imports, MtMonthly power demand, Twh
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Zhejiang gas supply mix 2018-2020China thermal coal price index delivered at power plants, 5000 kCal/kgBeijing AQI
What's included
This report contains:
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