Terminal developments will also add as much as 9.4bn m³ of storage
China poised for rapid LNG expansion
New and existing domestic players are investing in regasification infrastructure to help meet surging demand
China will commission an unprecedented amount of new LNG receiving capacity in the coming years amid fast-growing demand and the opening-up of the country’s gas market. The official launch of state-owned PipeChina in September 2020 emboldened several smaller energy companies to enter the industry. As a result, some 28 projects with a combined capacity of 82.8mn t/yr are under construction, according to data compiled by Petroleum Economist. Included in the growing list of new smaller players seizing on PipeChina’s reforms is China Urban Rural Energy (Cure), a subsidiary of state-run China Communications Construction Company Group. Cure signed cooperation agreements with Shandong Petroleum &am
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
