IMG.gif

China Breezes Into Beijing Winter Olympics

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Beijing,,China,-,March,12,,2016:,Beijing,2022,Winter,Olympics

China remains unruffled by Uzbekistan's decision to halt natural gas exports, with Chinese industry sources saying that won't result in a sudden rush to the LNG spot market unless prices drop below $10 million Btu, less than half the current level. In the event of shortfalls, traders say the country will rely more heavily on Russian imports via the Power of Siberia pipeline, which look set to jump 5 billion cubic meters (480 million cubic feet per day) in 2021 from last year's 10 Bcm as shipments ramp up to their 38 billion cubic meter per year capacity.

Topics:
Gas Supply, LNG Demand, LNG Supply, LNG Spot Trade, Gas Pipelines
#
LNG producers won’t commit to investing in new supply if countries are looking for only a stopgap contract arrangement. Portfolio players like Shell could bridge the divide.
Tue, May 17, 2022
Sempra has agreed with its existing Cameron LNG partners to develop the Hackberry Carbon Sequestration (HCS) project in Louisiana.
Mon, May 23, 2022
Oil prices and profits are up, but the recovery in global drilling activity has been sluggish so far.
Fri, May 20, 2022