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China Gas Information
May 16,, announced in oil, and shell Canada Co., LTD, mitsubishi Japan and South Korea gas commune joint contribution on the west coast of the British Columbia in Canada start LNG export plan, with 40% shareholding shell, the rest of the three each accounted for 20%.
This is China's oil enterprises in North America investment first LNG export projects, and its target market will undoubtedly is including mainland China, east Asia market. In central Asia and Australia to import natural gas prices rising background, the members of the oil in the lower import costs in LNG has the huge function.
According to the agreement, in through the relevant government approval and gas field exploration development work, the four winds will be launched in early 2020 the project, and natural gas exports to the target market.
"The oil in the future of LNG project in Canada is very confident. The project will add further strengthen trade, led the Chinese use clean natural gas resources, promote the company's business development." The day China petroleum (601857, shares it) (601857. SH) vice President BoQiLiang said.
At present four party did not give the project total investment and resource producing area.
Introduced the first north American resources
British Columbia in Canada's west coast on the Pacific (601099, shares it).
According to the oil in revealed that the four winds of the construction of the investment project including natural gas liquefaction plant, liquefied natural gas storage, export facilities, offshore loading and unloading, and shipping design and construction and operation. The first phase consists of two liquefied natural gas processing device component, each device for processing capacity is 6 million tons, could in the future planning expansion to four device, the year processing capacity to 24 million tons.
Because the price is low, the north American natural gas market has become a global natural gas market of the "island", including shell, chevron, exxon mobil, the numerous investment providers are anxious to find new markets, to alleviate the operating pressure.
Easy trade information, and other agencies as data showing shale gas production in North America superfluous, lead to the two countries with the natural gas market prices are very low, at present has reached nearly 10 years of minimum level, average every British thermal units less than $2; At the same time, the oil in turkmenistan to countries such as the natural gas pipeline JinKouJia but import as high as 6-$7 / millions of British thermal units above, such as cnooc from the sea of LNG import high as $10 / a British thermal units above.
In September 2011, the reporter was close to Canada field understand shell in British Columbia business "oak field" and shale gas project, and its local executives conducted a long time communication.
It is understood that the "birch field" the cost of the project is only $4 per thousand cubic feet, it is only natural gas company in Russia to quote the price of oil 1/3 strong; At that time, ella, in New York, natural gas consumption market, the price of natural gas and lasts only in 3.5-$4.4 per million British thermal units.
Cheap sale price, have had to find new markets in shell, for the next step further exploration and development company shale gas for preparation.
However, because of the north American continent west coast no natural gas liquefying device, no more can be used for the special terminal LNG exports, so shell's this assumption can only stay on paper, can't put into practice.
Now, the oil, Japan mitsubishi and South Korea to natural gas commune shell cooperation, no doubt, for the shell opened the new market.
According to information, South Korea has been a big buyer of the international natural gas market, f island nuclear power after the accident, its quantity but also has soared; And China since 2005, natural gas consumption that is explosive growth, 2011 natural gas consumption already super billions cubic meters, the national development and reform commission more planning in 2015-2020 to 260 billion cubic meters of consumption. This means that the natural gas imports also will rise sharply, external dependence and even can be more than 50%.
Pull low gas price in China?
"At present JinKouJia talk, let alone to the influence of the Chinese market, can only say that we have more import bargaining chip." The oil in a responsible for LNG business people said.
According to information, at present of east Asia, including China, the natural gas market price and the international oil prices close link up with, it and the United States, Europe and other mature market through the market competition of the formation of the independent was very different price, so no matter is responsible for imports of oil pipeline central Asia gas or oil and natural gas and cnooc in LNG imports of only passive look at the international price "face".
Chevron vice President George. KeKeLanDe had said Europe natural gas supply channels is diversiform, have Russian gas, the north sea gas, Africa natural gas; While Asian situation is different, Japan and South Korea or even no domestic supply, and fully rely on imports.
Metaphor, these countries can only passive accept gas producer provides the pricing model, have no choice.
Chevron is Australia high more LNG project is one of the big shareholders, since the "shale gas revolution" began, many east Asian buyers have been require it to reduce the price of gas, but they all have failed.
China from 2006 years to start massive import natural gas, so a few years to Chinese oil import prices of enterprises on the basis of Japanese pricing formula of negotiation, the difference of the air only is the value of different coefficient and oil prices.
Some market experts that points out, through a joint venture with shell of the project, the Chinese side joint efforts should be made to South Korea, to pursue a change passive gas pricing mode and the gas price is low and China north American air channel more advantage, greater seek China's interest.