Asian LNG Traders Snap up U.S. Shale Gas

Asian liquefied natural gas traders are rushing to secure shipments from the U.S., where the fuel is among the cheapest in the world despite whats turning into the steepest price run in two decades. Firms in China and Japan, the two biggest...

Largest North China Gas Storage Facility Starts up

Chinas state-controlled Sinopecs Wei11 gas storage facility commenced operations on 18 October, marking the completion of the largest group of underground gas storage facilities in north China with total storage capacity of 10.03bn m. This...

China Boosts Gas Storage, Supplies Ahead of Winter

China has accelerated gas purchases and storage ahead of winter as the country prioritises meeting its heating needs. Firm economic growth in the immediate aftermath of the countrys initial Covid-19 outbreak last year, coupled with the Beij...

China's Oil Consumption Seen Peaking Around 2026

Chinas oil consumption is likely to peak around 2026 at 800 million tonnes, or about 16 million barrels per day, according to a top executive of Sinopec Corp. Chinas natural gas consumption is forecast to peak around 2040 when demand is est...

China's Sinopec Completes Its First LNG Bunkering Operation

Chinas Sinopec Corp announced on Monday it has completed its first liquefied natural gas (LNG) bunkering operation in Weihai, a major seaport in the eastern Shandong province. The bunkering, or marine refuelling, operation transferred 250 t...

Laying of Last Pipe of Nord Stream 2 Pipeline Completes

The operating company intends to put the Nord Stream 2 gas pipeline into operation before the end of the year. The last pipe of the two strings of the Nord Stream 2 pipeline was welded, Nord Stream 2 AG, the operating company, said in a pre...