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China Gas Information
According to bloomberg, China through the pipeline transport of natural gas quantity is beyond the number of liquefied natural gas by sea transport. Because buyers to seek cheaper supplies, is currently under planning at least $100 billion worth of liquefied natural gas (LNG) project risk.
China's 201 year gas consumption accounted for nearly a quarter of Asia.
Customs data showed Chinese l to August this year by pipeline natural gas imports from turkmenistan, the number increased by 55%, to 9.85 million tons. Turkmenistan supply almost all of China's natural gas by pipeline.
Over the same period of liquefied natural gas (LNG) imports from Australia and Qatar number increases by 23%, to 9.08 million tons. Even before recorded into the cost to vaporize, liquefied natural gas (LNG) costs will be higher than pipeline natural gas costs about 3%.
Credit agricole bank Hong Kong brokerage firm CLSA, pointed out that the cost advantage will give exxon mobil pipeline gas and Woodside (WPL) of liquefied natural gas (LNG) project is planned by the company, such as a threat.
CLSA, the Asian oil and gas research director Simon Powell said, "we believe that the scale of liquefied natural gas (LNG) project will be lower than many people expected. Liquefied natural gas price is too high, not competitive in China. Pipeline gas will have a big development in the future."
Bp world energy statistical evaluation, according to a report published by China's natural gas consumption occupies 22% share of the asia-pacific region in 2011, 4% of the world. Chinese customs data show that in August 1 to China natural gas imports from turkmenistan, average price is $547 a tonne, a total of $5.4 billion. Liquefied natural gas (LNG) import prices from China for $562 a tonne, a total of $5.1 billion.
Due to the price and output have both proliferate, spending surged in liquefied natural gas (LNG) in China. Spending $942 million in 2008, the average price of $282 a tonne, equivalent to $10.81 per million British thermal units, is the standard about three times the price of natural gas futures. The U.S. natural gas futures quotation on Wednesday to $3.459 per million British thermal units. China imported from Qatar's price of $19.33 per million British thermal units, Qatar is one of the largest and most expensive Chinese supplier of liquefied natural gas (LNG).
Shanghai Ricki C1 Energy, natural gas futures research institutions research analyst Wang said: "China's exports more pipeline gas, because some of liquefied natural gas (LNG) contracts, such as Qatar's contract price is relatively higher."
Powell thinks China may cut accept shipping of liquefied natural gas (LNG) and revaporization terminal expansion plans, because demand is lower than expected, and, in 2016 "ambitious" product expansion project, especially Australia project may be delayed or postponed.
The international energy agency revealed that China's current liquefied natural gas (LNG) receiving capacity of 29 billion cubic meters every year, are recommended to receive capacity of 26 billion cubic meters.
CLSA, in a report published on July 20, forecasts, global LNG production capacity will increase 81 million tons in 2017, a 27% increase, at present there are 14.3 million tons of production capacity in waiting for the final investment decision. ,