US LNG projects buoyed by China import talks
China’s interest in reducing its trade surplus with the US through increased energy imports could advance plans for US LNG plants.
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China’s interest in reducing its trade surplus with the US through increased energy imports could advance plans for US LNG plants.
Commodities were a big casualty of the escalating trade war between the US and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods.
PetroChina has curbed supplies of the fuel to some industrial users in northern and western regions.
Chinese gas distributor ENN is seeking a commissioning cargo for the country’s first privately owned LNG import terminal.
Siemens is due to supply its first SGT-700 gas turbine to China’s distributed generation market in 2019.
Industry executives expect strong LNG demand to be able to absorb new supply coming online in 2018.
China has learned from the previous cold season to keep demand under control.
CNOOC has sold 90 000 t of LNG for delivery in July and November in its first such auction on the Shanghai Petroleum and Gas Exchange.
The world’s third largest gas user will need to keep its imports of LNG at elevated levels.
CNOOC will next week auction one or two cargoes of LNG for delivery later in the year on the Shanghai Petroleum and Gas Exchange.
Abhilesh Gupta, AG&P, India, outlines how the company is seeking to address Asia’s unmet gas demand with standardised modular supply chain solutions.
China’s Sinopec group aims to more than double its receiving capacity of LNG over the next six years and lift domestic shale gas production by two thirds by 2020.