Insight
How will Power of Siberia shape China’s gas market?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Russia’s dream of piped exports to eastern markets is now a reality. The successful launch of the Power of Siberia gas pipeline on 2 December is a key milestone in the China-Russia energy relationship. It will diversify Russia’s gas export mix and help China achieve a cleaner energy mix. But there are several risks to Russian gas imports and Gazprom's initial ramp-up plans. In this insight we will review: • Where in China will Russian gas be most competitive? • How will Russian gas imports change the supply mix in Chinese target markets? • What are the key risks to the Power of Siberia ramp-up? Please read our Insight to find out more.
Table of contents
- Executive summary
- Power of Siberia commissioning – a landmark for both Russia and China
-
How competitive will Russian piped gas be in China?
- Gazprom is unlikely to achieve its initial ramp-up target
- There is room for PoS gas across China's regional markets
- Northeast region – the initial and core focus for Russian gas
- Beijing-Tianjin-Hebei and Shandong – a competitive heartland
- Yangtze River Delta – the end of the line for PoS gas
-
What are the key risks and uncertainties?
- Upstream – lots more work to come for Gazprom
- Infrastructure – China’s pipeline connections are far from complete
- Demand – clouds gather over China growth outlook
- Gas-on-gas competition – China’s market reforms could reshape the state of play
Tables and charts
This report includes the following images and tables:
- China’s internal pipelines for PoS gas (Russia-China East)
- Power of Siberia and China’s pipeline network
- Power of Siberia ramp-up
- Russian gas’ share in total gas imports mix
- Northeast region demand outlook
- Northeast regional gas infrastructure
- Delivered cost to Northeast region (US$/mmbtu, real)
- BTH - Shandong demand outlook
- BTH - Shandong regional gas infrastructure
- Delivered cost to BTH-Shandong (US$/mmbtu, real)
- Yangtze River Delta demand outlook
- Yangtze River Delta regional gas infrastructure
- 1 more item(s)...
What's included
This report contains:
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