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China gas and power month in brief: what's the story behind strong demand?

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Report summary

China gas demand grew 9.6% year on year in Q1. LNG imports continued to perform well but there was a decline in volumes imported from Central Asia. Power demand also grew above expectation in March supported by a revival in heavy industrial activities. To further boost gas demand China cut industrial end users gas prices in Shanghai and scaled back natural gas VAT rate from 13% to 11%. On the supply side CNOOC s Yuedong LNG terminal received its commissioning cargo though still far from being able to supply gas to the pipeline. Elsewhere the SNEC event in Shanghai shows that China is leading the latest industry trends across the entire solar PV value chain through continuous technological innovation. In contrast to the booming solar power industry coal power generators continue to face pressure the Big Five state run generators reported a 40% of profits drop in 2016 due to the coal price rally since the second half of last year.

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  • Document

    April 2017 dashboard.xls

    XLS 167.00 KB

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    China gas and power month in brief: what's the story behind strong demand?

    PDF 817.27 KB

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Table of contents

  • Executive summary
    • High gas demand growth signals recent gas boosting policy success
    • Soaring power demand in the first quarter but bull run may not last
    • July tax cut designed to boost gas demand
    • Yuedong terminal receives commissioning cargo
    • Solar technology continues to improve - costs continue to fall
    • Windy spring brought mixed impacts

Tables and charts

This report includes 7 images and tables including:

Images

  • China gas and power month in brief: what's the story behind strong demand?: Image 1
  • Monthly gas demand
  • Monthly LNG demand
  • Monthly power demand
  • GCL's cost route for solar module
  • Coal price rally hit power generators
  • Beijing AQI

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