China gas & power - 2013 in Review and Outlook for 2014
With headlines dominated by chronic air pollution, gas price reform, major import deals and high-profile corruption allegations, 2013 was a memorable year for the Chinese gas and power sectors. 2013 also saw further progress in negotiations for pipeline imports from East Siberia between Gazprom and CNPC, significant Chinese buying activity in the LNG spot market and the commissioning of a number of major natural gas infrastructure projects.
Table of contents
Gas Supply & Demand – Review of 2013 Actuals vs Wood Mackenzie Forecasts
Environment – Beijing’s ‘crazy bad’ air leads to ‘tough measures for tough tasks’
Gas Pricing - After a 3 year wait, reform finally announced in June 2013
LNG – Chinese NOCs re-discover their appetite for long-term deals
LNG – The emergence of China’s non-NOC LNG buyers
Gas Demand – Rising winter demand and PetroChina’s spot LNG response
Gas Supply – Low levels of shale gas activity continue in 2013
Pipeline Imports – More gas from Turkmenistan and progress with Russia
Power – Increased focus on emissions as tariff structure is reformed
Infrastructure – Further progress in 2013 but how likely is third party access?