Natural gas output remained stable growth and reached 130.9 billion cubic meters in 2015, 3% higher than the same period last year. Shale gas saw huge progress. China titus became the third country in the world fu!fil...Natural gas output remained stable growth and reached 130.9 billion cubic meters in 2015, 3% higher than the same period last year. Shale gas saw huge progress. China titus became the third country in the world fu!filling commercial development after U.S. attd Canada. Natural gas import growth and growth rate declined obviously, and the imported pipeline gas and LNG totaled 61.2 billion cubic meters in 2015. Apparent natural gas consumption was 186.5 billion cubic meters in 2015, rising by 4.4% as compared with the same period last year, but it hit a historic low. There is higher dozonward pressure on domestic macro economy in 2016. However, natural gas demand will see more rapid growth, propelled by such favorable factors as gas price regulation and environmental protection policies. It is prospected that natural gas market will take a turn for the better than in 2015, and natural gas supply will still be rich in general in 2016.展开更多
The year 2017 saw explosive growth in China's natural gas market, and the apparent consumption was 235.7 billion cubic meters, up 18.2% over the same period of 2016. In 2017, China's domestic production growth...The year 2017 saw explosive growth in China's natural gas market, and the apparent consumption was 235.7 billion cubic meters, up 18.2% over the same period of 2016. In 2017, China's domestic production growth picked up significantly, reaching 145.3 billion cubic meters, an increase of 9%.Natural gas imports grew rapidly, and imported pipeline gas and imported LNG totaled 91.6 billion cubic meters. The trade volume of LNG surpassed that of pipeline gas for the first time since 2012. In 2018, the macro-economy is expected to maintain growth at a moderate-to-high rate. However, driven by favorable factors such as environmental policies, China's demand for natural gas is expected to continue to grow rapidly, and natural gas consumption will maintain double-digit growth, roughly at 12%. Nevertheless, the seasonable imbalance between natural gas supply and demand will remain conspicuous.展开更多
The trial of oil displacement driven by natural gas injection in China has been successfully accomplished recently for the first time in Zhongyuan Oilfield, Henan Province. This technology is ready for oilfield applic...The trial of oil displacement driven by natural gas injection in China has been successfully accomplished recently for the first time in Zhongyuan Oilfield, Henan Province. This technology is ready for oilfield application in July.展开更多
Economy growth in China is expected to slow down a little during the I3th Five-Year-Plan period. So will the domestic gas demand and supply market, which may be quite different from that of the 11 th and 12th Five-Yea...Economy growth in China is expected to slow down a little during the I3th Five-Year-Plan period. So will the domestic gas demand and supply market, which may be quite different from that of the 11 th and 12th Five-Year-Plan periods. The paper summarized the state quo of gas supply and demand in the country and analyzed factors that may affect the demand and supply balance in the new period. It is proposed that there will be many uncertainties in achieving supply and demand goals of gas set for tire period, and gas glut is also very possible during the time. To deal with the problem, it is suggested that several measures be taken nationwide： improving utilization of gas in several sectors, straightening and optimizing the pricing mechanism, speeding up construction of infrastructures, implementing relevant policies and boosting up supen^ision and monitor of tire industry.展开更多
China natural gas industry is at a turning point. Growth of mid-long term natural gas consumption may maintain at about 10%, supply is sufficient or even "over-sufficient", natural gas price will be determin...China natural gas industry is at a turning point. Growth of mid-long term natural gas consumption may maintain at about 10%, supply is sufficient or even "over-sufficient", natural gas price will be determined by competition, oil and gas pipeline facilities will be opened fairly, and private enterprises will play important roles in natural gas exploration, development, storage, transportation, and trade. It can been foreseen that China natural gas industry is very likely to take a turn in next 10 years, and a modern natural gas market with consumption about 500 billion cubic meters will come into being characterized by complete supervision system, diversified market, steady supply, fairly opened pipelines, transparent trading mechanism, and competitive prices.展开更多
China natural gas industry is at a turning point. Growth of mid-long term natural gas consumption may maintain at about 10%, supply is sufficient or even "over-sufficient", natural gas price will be determin...China natural gas industry is at a turning point. Growth of mid-long term natural gas consumption may maintain at about 10%, supply is sufficient or even "over-sufficient", natural gas price will be determined by competition, oil and gas pipeline facilities will be opened fairly, and private enterprises will play important roles in natural gas exploration, development, storage, transportation, and trade. It can been foreseen that China natural gas industry is very likely to take a turn in next 10 years, and a modern natural gas market with consumption about 500 billion cubic meters will come into being characterized by complete supervision system, diversified market, steady supply, fairly opened pipelines, transparent trading mechanism, and competitive prices.展开更多
Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases consid...Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases considerably. Gas demand grows at medium speed, and supply meets demand in general. Alternative energy dominated by gas and electricity will develop faster. As crude oil import right is gradually liberalized, domestic oil market structure will be changed. Oil price drop brings the best opportunity for oil and gas market reform, and environmental protection becomes main force boosting natural gas development.展开更多
文摘Natural gas output remained stable growth and reached 130.9 billion cubic meters in 2015, 3% higher than the same period last year. Shale gas saw huge progress. China titus became the third country in the world fu!filling commercial development after U.S. attd Canada. Natural gas import growth and growth rate declined obviously, and the imported pipeline gas and LNG totaled 61.2 billion cubic meters in 2015. Apparent natural gas consumption was 186.5 billion cubic meters in 2015, rising by 4.4% as compared with the same period last year, but it hit a historic low. There is higher dozonward pressure on domestic macro economy in 2016. However, natural gas demand will see more rapid growth, propelled by such favorable factors as gas price regulation and environmental protection policies. It is prospected that natural gas market will take a turn for the better than in 2015, and natural gas supply will still be rich in general in 2016.
文摘The year 2017 saw explosive growth in China's natural gas market, and the apparent consumption was 235.7 billion cubic meters, up 18.2% over the same period of 2016. In 2017, China's domestic production growth picked up significantly, reaching 145.3 billion cubic meters, an increase of 9%.Natural gas imports grew rapidly, and imported pipeline gas and imported LNG totaled 91.6 billion cubic meters. The trade volume of LNG surpassed that of pipeline gas for the first time since 2012. In 2018, the macro-economy is expected to maintain growth at a moderate-to-high rate. However, driven by favorable factors such as environmental policies, China's demand for natural gas is expected to continue to grow rapidly, and natural gas consumption will maintain double-digit growth, roughly at 12%. Nevertheless, the seasonable imbalance between natural gas supply and demand will remain conspicuous.
文摘The trial of oil displacement driven by natural gas injection in China has been successfully accomplished recently for the first time in Zhongyuan Oilfield, Henan Province. This technology is ready for oilfield application in July.
文摘Economy growth in China is expected to slow down a little during the I3th Five-Year-Plan period. So will the domestic gas demand and supply market, which may be quite different from that of the 11 th and 12th Five-Year-Plan periods. The paper summarized the state quo of gas supply and demand in the country and analyzed factors that may affect the demand and supply balance in the new period. It is proposed that there will be many uncertainties in achieving supply and demand goals of gas set for tire period, and gas glut is also very possible during the time. To deal with the problem, it is suggested that several measures be taken nationwide： improving utilization of gas in several sectors, straightening and optimizing the pricing mechanism, speeding up construction of infrastructures, implementing relevant policies and boosting up supen^ision and monitor of tire industry.
文摘China natural gas industry is at a turning point. Growth of mid-long term natural gas consumption may maintain at about 10%, supply is sufficient or even "over-sufficient", natural gas price will be determined by competition, oil and gas pipeline facilities will be opened fairly, and private enterprises will play important roles in natural gas exploration, development, storage, transportation, and trade. It can been foreseen that China natural gas industry is very likely to take a turn in next 10 years, and a modern natural gas market with consumption about 500 billion cubic meters will come into being characterized by complete supervision system, diversified market, steady supply, fairly opened pipelines, transparent trading mechanism, and competitive prices.
文摘China natural gas industry is at a turning point. Growth of mid-long term natural gas consumption may maintain at about 10%, supply is sufficient or even "over-sufficient", natural gas price will be determined by competition, oil and gas pipeline facilities will be opened fairly, and private enterprises will play important roles in natural gas exploration, development, storage, transportation, and trade. It can been foreseen that China natural gas industry is very likely to take a turn in next 10 years, and a modern natural gas market with consumption about 500 billion cubic meters will come into being characterized by complete supervision system, diversified market, steady supply, fairly opened pipelines, transparent trading mechanism, and competitive prices.
文摘Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases considerably. Gas demand grows at medium speed, and supply meets demand in general. Alternative energy dominated by gas and electricity will develop faster. As crude oil import right is gradually liberalized, domestic oil market structure will be changed. Oil price drop brings the best opportunity for oil and gas market reform, and environmental protection becomes main force boosting natural gas development.
