Date: Wednesday, 4th November 2015
Chinese Gas Use Climbs 2.5% in First Nine Months (English)
Source: News Base, 29 Oct 2015
Chinese gas consumption edged up in the first nine months of 2015, according to data from the NDRC. The country consumed a total of 132.2 billion cubic metres of gas in the period, up 2.5% year on year. Production climbed to 96.6 bcm in the same period, up 3.7% year on year, while imports increased to 43.6 bcm, up 2.9%.
BP signs Chinese supply deal (English)
Source: News Base, 29 Oct 2015
BP has recently signed a 20-year deal to supply LNG to China Huadian, adding to its roster of gas supply agreements with Chinese buyers. Under the new deal, potential worth as much as US$10 billion, the UK-based super-major will deliver as much as 1 million tonnes per year to the Beijing-based company, which operates Chinese power stations. The company also has a stake of over 17% in the planned Browse project in Western Australia, operated by Woodside Petroleum.
Energy strategy for the 13th five year plan (Chinese)
Source: hexun.com, 03 Oct 2015
The authorities have mentioned 4 items in energy reform, including energy production, consumption, technology and mechanism. Since the first priority is to secure energy safety, they will attempt to use renewable resources to replace crude oil, to reduce their dependence on importing oil. In the long term, they support renewable resources, electric automobiles and nuclear power industries. Another significant target is to reduce carbon emissions and improve the environment. In order to achieve this goal LNG and shale gas will continue to be promoted and supported to a large extent.
China and the UK Strengthening Ties through Energy (English)
Source: Oil Price, 26 Oct 2015
BP plans to expand on its investment in China’s energy, with a focus on gas. The China National Petroleum Co. (CNPC), signed two large deals with BP. The first focuses on cooperation to exploit China’s shale gas resources in the Sichuan Basin in the east-central part of the country. China has been struggling to shift its sources of industrial energy from coal to cleaner-burning gas. BP’s second deal with China focuses on developing retailing opportunities inside China and exploring trading options elsewhere in the world.
This brief summarises a range of publicly available news articles in both Chinese and English and AustCham takes no responsibility for the accuracy of the information in these articles. In addition, the views and opinions reflected in these articles are not necessarily representative of AustCham.
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