CNOOC makes efforts to ease winter gas shortage in China
The winter of 2017 has witnessed soaring gas demand in East and North China.
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The winter of 2017 has witnessed soaring gas demand in East and North China.
Anadarko Petroleum Corp. is in talks to sate China’s increasing appetite for LNG from its planned development in Mozambique.
Algeria is a major supplier of gas to Europe, exporting it by pipeline to the continent and shipping it on tankers as LNG.
Not many people had expected the US to turn to Europe for natural gas this winter.
Australia’s LNG exports are forecast to climb to 76.5 million t in the year to end-June 2019.
The industrial city of Wuhan eased restrictions on gas use on 5 January for residents facing freezing temperatures.
LNG prices in northern China have dropped more than 40% from record highs reached less than two weeks ago.
The LNG industry needs to start planning for shortages even as analysts project a glut starting next year.
Gail India has tendered to buy LNG for delivery between 20 January and 10 February.
Beijing’s crackdown on pollution has put China on track to overtake Japan this year as the world’s biggest importer of natural gas.
Government data published on 2 January showed that output jumped 7.9% to beat a 2011 record.
Shipping data in Thomson Reuters Eikon shows that China’s imports of LNG will have risen by more than 50% in 2017.