China LNG Plant Reopened to Meet Winter Demand
Kunlun Energy Co Ltd has resumed or was in the process of resuming production at seven liquefied natural gas (LNG) plants, including China's largest, to meet upcoming winter demand, its parent PetroChina said on Tuesday. The biggest plant, located in Huanggang in central Hubei province, was opened in 2014 and has a capacity of 5 million cubic metres per day. It was reopened earlier this month after a ten-month shutdown…
China Walks Tightrope over Natural Gas Prices
China's natural gas dilemma was neatly illustrated by two recent announcements, the first a price increase and the second the closing of two gas-processing plants. The two developments show the tightrope Beijing is trying to walk by increasing natural gas prices to the level where increased exploration, production and imports are viable, but not so much so as to crimp demand. Natural gas prices for bulk buyers and non-residential users will be raised effective on Sept.
PetroChina Reviews Push for Transport LNG
China's biggest energy firm PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas (LNG) to fuel trucks and ships in place of diesel, shutting two major gas liquefaction plants, sources said. Seen just a year ago as a fast-growing profit engine, PetroChina unit Kunlun Energy Co Ltd is now reconsidering its investment in the niche business after being wrongfooted by rising costs and China's slower economic growth, two sources with direct knowledge of the situation said.
