Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

China says Turkmenistan gas supply has returned to normal after Nov hiccup

BEIJING,  (Reuters) - Natural gas supplies to China from Turkmenistan’s state-owned energy major Konzern were expected to return to planned levels, after a supply disruptions in November, the Chinese state planner said.

Gas imports from China’s largest supplier of piped natural gas fell several times in November, but the volumes and durations were small, the National Development and Reform Commission (NDRC) said on its website late on Tuesday.

“Supplies from Konzern were unstable in November, but it had limited impact on domestic gas,” the NDRC said, adding that supplies would soon return to planned levels.

It denied a report in Chinese media that Konzern would slash gas exports by 35 million cubic metres a day from Tuesday, which could drive up prices.

Later on Wednesday, top state oil and gas producer PetroChina said on its social media blog that gas supplies from Turkmenistan have been restored to normal rates in the morning, adding that the recent supply fluctuations were only 1 percent of the pipeline system’s monthly average volumes.

PetroChina also said it will cap its domestic sales prices for liquefied natural gas (LNG) below the peak levels recorded in the last heating season. Earlier on Wednesday, Sinopec said would put a ceiling on prices of LNG sold form its Qingdao and Tianjin import terminals.

Domestic gas consumption has been robust this winter as China keeps up a campaign to switch household and industrial coal boilers to gas.

Daily consumption reached a peak of 1.037 billion cubic metres (bcm) for two consecutive days in November, the NDRC said.

Energy majors PetroChina, Sinopec and CNOOC had 9 bcm of gas stored in underground tanks and LNG storage facilities by Tuesday, the agency said. (Reporting by Meng Meng in Beijing and Chen Aizhu in Singapore; Editing by Clarence Fernandez and Christian Schmollinger)

Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Editorial Comment
-Adrienne Blume
On the changing landscape of global natural gas trade, the US has magnified its export power by remaining a net exporter for 13 months as of February 2019.
EWAnalysis: US LNG producers eye major growth
- Energy Web Atlas
The US LNG market has experienced rapid growth over the past decade due to the availability of inexpensive feedstock and increased worldwide demand.
Regional Focus: Nigeria moves to expand its liquefaction capacity
-Shem Oirere
The award in July 2018 of long-awaited contracts for the front-end engineering design (FEED) of Nigeria’s Train 7 gas plant expansion project to two consortia is the country’s latest attempt to address the enormous challenges of gas flaring and gas shortages for power plants and domestic consumption.

Reliable Operations & Saving OPEX for Gas Plant Refrigeration – Selecting the right technologies

Register Now

By selecting integrally geared turbocompressors for gas plant refrigeration duty coupled with a mag bearing turboexpander, operators get the added values of technology with highly reliable operations and reduced OPEX. Join Sami Tabaza and Chris Blackmer from Atlas Copco Gas and Process for a presentation followed by Q&A surrounding the turbocompressor and turboexpander technologies that can efficiently and reliably fit your gas plant design and operation to get the advantages of both technologies.

June 18, 2019 10:00 AM CDT

Register Now


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.