Insight
| |
7 Pages

Weak gas demand forcing a shift in Chinese NOC supply strategy


Weak gas demand forcing a shift in Chinese NOC supply strategy

Report summary

Facing a dramatic slowdown in Chinese gas demand and a supply glut, China’s NOCs are using three levers to optimise supply and minimise losses. Firstly, restricting domestic capex in more expensive projects. Second, PetroChina will hold pipeline imports down to Take or Pay levels. Finally, all three NOCs will seek to maximise contracted LNG volumes into the domestic market, particularly as delivered prices look competitive against City Gate tariffs.

What's included?

This report includes 1 file(s)

  • Weak gas demand forcing a shift in Chinese NOC supply strategy PDF - 605.13 KB 7 Pages, 0 Tables, 8 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
    • Adjusting the supply mix into coastal China
    • Examining the options - LNG and Central Asian imports
      • LNG
      • Central Asia
    • Assessing the impact on domestic upstream investment and production
    • Conclusion

In this report there are 8 tables or charts, including:

  • Executive summary
    • China's key pipeline and LNG regasification infrastructure
    • Chart 1: Wood Mackenzie H2 2014 Supply Outlook vs H1 2015 Demand Outlook (2014-2019)
    • Chart 2: Contracted LNG & Monthly LNG demand
    • Chart 3: China LNG prices vs Shanghai city gate price
    • Chart 5: Central Asia imports - H2 2014 vs H1 2015
    • Chart 6: Central Asia delivered gas prices vs LNG
    • Chart 7: Wellhead prices vs Brent (2014-2019)
    • Chart 8: Gas production by company (2014-2019)
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...