Insight

Review of PipeChina’s LNG terminal access in Q1 2021

Get this report*

$950

You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

PipeChina recently disclosed the Q1 2021 data on LNG terminal access services. A total of 3.94 Mt LNG was imported at its six operating terminals. CNOOC and Sinopec were still the main users of the capacity. Non-NOC users are mainly incumbents in the city gas sector in southern China’s Guangdong province, reflecting the region’s robust gas demand and diversified player landscape. Third-party access (TPA) users reportedly need to share the burden of the NOCs’ legacy long-term contracts which is holding back some terminal users from making a deal. Nevertheless, we expect China’s LNG demand to grow by over 10 Mt in 2021. The cost-sharing proposal, if implemented, will not be sustainable as China’s total regas capacity will ramp up quickly and potentially compete for TPA users.

Table of contents

  • Key messages

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Review Of Pipechina’S LNG Terminal Access In Q1 2021.pdf

    PDF 836.95 KB