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Power of Siberia 2: deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns over over-dependency on a single supplier and desire to drive down the price make it relatively unlikely that a contract will be finalised this year.
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Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
China creates two-tier oil dynamic
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Albania’s long pursuit of gas
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Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
South Korea’s transition bottlenecks keep LNG in play
The country’s new government has grand plans for renewables, but the structural changes needed for these policies will take years to carry out
India to help Asia spearhead global refining
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The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
China sees LNG as being vital to lower its emissions
China LNG
Simon Ferrie
30 July 2021
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China starts Huizhou LNG terminal construction

Asian LNG importer continues to expand its import infrastructure for the fuel

Chinese authorities have broken ground on another LNG receiving terminal, this time at Huizhou in the southern province of Guangdong, as the country’s gas imports continue to rise. The Huizhou terminal’s first RMB6.6bn ($1bn) phase will comprise 4mn t/yr of receiving capacity and up to 6.1mn t/yr of processing capacity, as well as three 200,000m3 storage tanks. The tanks are scheduled for completion by July 2022, and the first phase is to be operational by the end of 2023. The scheme’s second phase will add a further three storage tanks of 260,000m3 each and increase the facility’s maximum processing capacity to 10mn t/yr. Chinese authorities cite the development as “an important measure” fo

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