China may escape gas shortage this winter

Updated: 2010-11-15 16:03

(Agencies)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

China is likely to escape a natural gas shortage this winter as supplies from Central Asia will increase and as the country steps up imports from the spot market, China Energy News reported on Sunday.

Hu Weiping, deputy director of Oil and Gas Deparment of the National Energy Amdinstration (NEA), told the paper that the government had asked China National Offshore Oil Corp (CNOOC) to secure gas from international markets to supply Shanghai, China's financial hub, so as to free up domestic gas for emergency needs.

China may escape gas shortage this winterFree trade deal lifts businesse
Related readings:
China may escape gas shortage this winter Dehong to explore natural gas with Guangdong company
China may escape gas shortage this winter China's energy demand growth to ease in Q4
China may escape gas shortage this winter China expands natural gas network
China may escape gas shortage this winter China's natural gas shortage relieved amid warmer weather
China was hit by severe gas shortages during last year's unusually early and cold winter, prompting factories to reduce or even close down production to divert gas to residents.

"I believe gas supplies this winter, though still slightly tight, would be able to meet the demand," Hu was quoted as saying.

Hu estimated that China's gas supplies would remain relatively tight till 2012 as it takes a few years for new gas supplies from Central Asia's Turkmenistan and via long-term supply agreements from exporters such as Qatar and Indonesia to reach their designated capacity.

However, Northern China could face natural gas shortages of 9 million cubic metres a day during peak winter demand, a PetroChina executive told state media on Monday, contradicting Hu's assurance.

PetroChina's two Shaanxi-to-Beijing pipelines are already running at full capacity, and the company is rushing to build a third pipe to meet an expected increase in winter demand, Lin Changhai, general manager of PetroChina's northern China gas sales unit, told official China Central Television.

The two pipelines in operation have shipping capacity of 56 mcm per day and existing underground stockpiles can supply 20 mcm a day, but gas consumption could increase to 89 mcm during peak time, the report said.

Demand in Beijing alone will grow to 58-60 mcm a day when the weather gets to the coldest, according to the report, prompting PetroChina to suggest that large users like department stores and restaurants look for ways to reduce gas use, the report added.

 

Paper's Digest

China bags Asiad team tennis title after 24 yrs

Wimbledon semifinalist Li Na led host China to capture the team tennis title on Tuesday at the Asian Games, accomplishing her Asiad tour with three consecutive victories.

China rate rises no panacea to curb inflation: PBOC adviser

European Edition

Specials

Russian possessed with TCM

Born into a family of doctors, Maxime became interested in Traditional Chinese Medicine (TCM) at the age of 12, after hearing about TCM theories such as health preservation and recuperation.

Acupuncture takes stab at UNESCO list

Acupuncture and Peking Opera have been selected as candidates for UNESCO intangible cultural heritage status.

The wedding coach comes back to life

A groom carries his bride from a wedding coach in Xuchang, Henan province, Nov 11, 2010. Produced a local factory, various original hand-made wedding carriages were displayed on the streets, attracting young people chasing fashion and an environment-friendly lifestyle.

Mounting inflation pressure tests policy makers
Chinese vice president to visit four nations
Chinese, Russian presidents meet in Seoul on co-op