icis china gas market webinar · the icis china lng supply/demand & investment opportunities...
TRANSCRIPT
ICIS China Gas Market Webinar
13 November 2014 Ricki Wang Senior Industry Analyst ndash ICIS China
Ben Wetherall Head of Gas ndash ICIS Energy
Click here to access the recording of the webinar - httpbcoveme41zphdnz
ICIS Market intelligence for the energy chemical
and fertilizer industries
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Content
Overview of Chinarsquos Gas Market
Chinarsquos Energy Mix (2006-2020)
68 68 6963
56
19 19 18
18
17
4 5 5
8
12
8 8 8 11 15
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2015E 2020E
Coal Petroleum Natural Gas Non-fossil Energy
Source NBS ICIS C1 Energy
Chinarsquos Energy Mix
Under environment pressure
Chinese government is
encouraging clean energy
usage
Natural gas consumption is
going to reach 15 of total
primary energy mix by 2020
Chinarsquos natural gas Supply and Demand
67
123
170
25
26
43
14
62
148
20
1312
0
5
10
15
20
25
0
100
200
300
400
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Net Import Export Production Consumption Growth Rate
bcm
Source ICIS
13
Forecast of Chinarsquos Natural Gas (2007-2019E)
Gas Consumption by region in 2012
7
Xinjiang Uygur autonomous region
Tibet autonomous region
Qinghai
Gansu Inner Mongolia autonomous region
Ningxia
Sichuan
Yunnan
Guizhou
Guangxi
Hainan
Guangdong
Macao Hong Kong
Hunan
Chongqing
Hubei
Jiangxi
Fujian
Zhejiang
Anhui Jiangsu Henan Shaanxi
Shanxi Hebei
Shandong
Tianjin Beijing
Liaoning
Jilin
Heilongjiang
Shanghai
Consumption volume Large Small
Source ICIS C1 Energy
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
ICIS Market intelligence for the energy chemical
and fertilizer industries
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Content
Overview of Chinarsquos Gas Market
Chinarsquos Energy Mix (2006-2020)
68 68 6963
56
19 19 18
18
17
4 5 5
8
12
8 8 8 11 15
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2015E 2020E
Coal Petroleum Natural Gas Non-fossil Energy
Source NBS ICIS C1 Energy
Chinarsquos Energy Mix
Under environment pressure
Chinese government is
encouraging clean energy
usage
Natural gas consumption is
going to reach 15 of total
primary energy mix by 2020
Chinarsquos natural gas Supply and Demand
67
123
170
25
26
43
14
62
148
20
1312
0
5
10
15
20
25
0
100
200
300
400
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Net Import Export Production Consumption Growth Rate
bcm
Source ICIS
13
Forecast of Chinarsquos Natural Gas (2007-2019E)
Gas Consumption by region in 2012
7
Xinjiang Uygur autonomous region
Tibet autonomous region
Qinghai
Gansu Inner Mongolia autonomous region
Ningxia
Sichuan
Yunnan
Guizhou
Guangxi
Hainan
Guangdong
Macao Hong Kong
Hunan
Chongqing
Hubei
Jiangxi
Fujian
Zhejiang
Anhui Jiangsu Henan Shaanxi
Shanxi Hebei
Shandong
Tianjin Beijing
Liaoning
Jilin
Heilongjiang
Shanghai
Consumption volume Large Small
Source ICIS C1 Energy
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Content
Overview of Chinarsquos Gas Market
Chinarsquos Energy Mix (2006-2020)
68 68 6963
56
19 19 18
18
17
4 5 5
8
12
8 8 8 11 15
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2015E 2020E
Coal Petroleum Natural Gas Non-fossil Energy
Source NBS ICIS C1 Energy
Chinarsquos Energy Mix
Under environment pressure
Chinese government is
encouraging clean energy
usage
Natural gas consumption is
going to reach 15 of total
primary energy mix by 2020
Chinarsquos natural gas Supply and Demand
67
123
170
25
26
43
14
62
148
20
1312
0
5
10
15
20
25
0
100
200
300
400
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Net Import Export Production Consumption Growth Rate
bcm
Source ICIS
13
Forecast of Chinarsquos Natural Gas (2007-2019E)
Gas Consumption by region in 2012
7
Xinjiang Uygur autonomous region
Tibet autonomous region
Qinghai
Gansu Inner Mongolia autonomous region
Ningxia
Sichuan
Yunnan
Guizhou
Guangxi
Hainan
Guangdong
Macao Hong Kong
Hunan
Chongqing
Hubei
Jiangxi
Fujian
Zhejiang
Anhui Jiangsu Henan Shaanxi
Shanxi Hebei
Shandong
Tianjin Beijing
Liaoning
Jilin
Heilongjiang
Shanghai
Consumption volume Large Small
Source ICIS C1 Energy
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Content
Overview of Chinarsquos Gas Market
Chinarsquos Energy Mix (2006-2020)
68 68 6963
56
19 19 18
18
17
4 5 5
8
12
8 8 8 11 15
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2015E 2020E
Coal Petroleum Natural Gas Non-fossil Energy
Source NBS ICIS C1 Energy
Chinarsquos Energy Mix
Under environment pressure
Chinese government is
encouraging clean energy
usage
Natural gas consumption is
going to reach 15 of total
primary energy mix by 2020
Chinarsquos natural gas Supply and Demand
67
123
170
25
26
43
14
62
148
20
1312
0
5
10
15
20
25
0
100
200
300
400
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Net Import Export Production Consumption Growth Rate
bcm
Source ICIS
13
Forecast of Chinarsquos Natural Gas (2007-2019E)
Gas Consumption by region in 2012
7
Xinjiang Uygur autonomous region
Tibet autonomous region
Qinghai
Gansu Inner Mongolia autonomous region
Ningxia
Sichuan
Yunnan
Guizhou
Guangxi
Hainan
Guangdong
Macao Hong Kong
Hunan
Chongqing
Hubei
Jiangxi
Fujian
Zhejiang
Anhui Jiangsu Henan Shaanxi
Shanxi Hebei
Shandong
Tianjin Beijing
Liaoning
Jilin
Heilongjiang
Shanghai
Consumption volume Large Small
Source ICIS C1 Energy
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Chinarsquos Energy Mix (2006-2020)
68 68 6963
56
19 19 18
18
17
4 5 5
8
12
8 8 8 11 15
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2015E 2020E
Coal Petroleum Natural Gas Non-fossil Energy
Source NBS ICIS C1 Energy
Chinarsquos Energy Mix
Under environment pressure
Chinese government is
encouraging clean energy
usage
Natural gas consumption is
going to reach 15 of total
primary energy mix by 2020
Chinarsquos natural gas Supply and Demand
67
123
170
25
26
43
14
62
148
20
1312
0
5
10
15
20
25
0
100
200
300
400
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Net Import Export Production Consumption Growth Rate
bcm
Source ICIS
13
Forecast of Chinarsquos Natural Gas (2007-2019E)
Gas Consumption by region in 2012
7
Xinjiang Uygur autonomous region
Tibet autonomous region
Qinghai
Gansu Inner Mongolia autonomous region
Ningxia
Sichuan
Yunnan
Guizhou
Guangxi
Hainan
Guangdong
Macao Hong Kong
Hunan
Chongqing
Hubei
Jiangxi
Fujian
Zhejiang
Anhui Jiangsu Henan Shaanxi
Shanxi Hebei
Shandong
Tianjin Beijing
Liaoning
Jilin
Heilongjiang
Shanghai
Consumption volume Large Small
Source ICIS C1 Energy
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Chinarsquos natural gas Supply and Demand
67
123
170
25
26
43
14
62
148
20
1312
0
5
10
15
20
25
0
100
200
300
400
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Net Import Export Production Consumption Growth Rate
bcm
Source ICIS
13
Forecast of Chinarsquos Natural Gas (2007-2019E)
Gas Consumption by region in 2012
7
Xinjiang Uygur autonomous region
Tibet autonomous region
Qinghai
Gansu Inner Mongolia autonomous region
Ningxia
Sichuan
Yunnan
Guizhou
Guangxi
Hainan
Guangdong
Macao Hong Kong
Hunan
Chongqing
Hubei
Jiangxi
Fujian
Zhejiang
Anhui Jiangsu Henan Shaanxi
Shanxi Hebei
Shandong
Tianjin Beijing
Liaoning
Jilin
Heilongjiang
Shanghai
Consumption volume Large Small
Source ICIS C1 Energy
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Gas Consumption by region in 2012
7
Xinjiang Uygur autonomous region
Tibet autonomous region
Qinghai
Gansu Inner Mongolia autonomous region
Ningxia
Sichuan
Yunnan
Guizhou
Guangxi
Hainan
Guangdong
Macao Hong Kong
Hunan
Chongqing
Hubei
Jiangxi
Fujian
Zhejiang
Anhui Jiangsu Henan Shaanxi
Shanxi Hebei
Shandong
Tianjin Beijing
Liaoning
Jilin
Heilongjiang
Shanghai
Consumption volume Large Small
Source ICIS C1 Energy
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
LNG Consumption by region in 2013
Large
Small
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Gas Distribution
City Gas Industry
Fertilizer Gas
Power Plant
29 35
22 14
Forecast of Chinas Natural Gas Consumption by Sector (2013-2017E)
0
20
40
60
80
100
2013E 2014E 2015E 2016E 2017ECity gas IndustrialCommercial fuelChemical feedstock Fuel for power plants
Source ICIS C1 Energy
2013 Chinarsquos NG consumption by Sector
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Domestic Gas Supply
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
PetroChina is the largest gas supplier
Most of the conventional gas belongs
to PetroChina Sinopec CNOOC
Domestic Natural Gas Supply
666
1232 1321
1697
0
2
4
6
8
10
12
14
16
18
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Production Growth RateSource ICIS
bcm
Forecast of Chinarsquos Gas Production (2007-2019)
PetroChina
Yanchang Petroleum Group
Sinopec CNOOC
C China
NW China
N China
S China
SW China
E China
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Unconventional Gas Development
Conventi
al Gas
57
Import
Pipeline
18
Import
LNG
14
SNG
4 CBM
Shale Gas
3
2015
Conventional Gas
ImportPipeline
Gas
ImportLNG SNG CBM Shale Gas
2015 1385 45 347 10 9 652017 165 65 472 32 17 10
0
20
40
60
80
100
120
140
160
180billion cubic meters
Source ICIS C1 Energy
Supply target set by China government (2015 2017)
49
19
14
10
5 3
2017
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Unconventional Gas Distribution
Northern China
North East China
East China
Southern China
Central China
South West China
North West China
Shale Gas
Shale Gas
Shale Gas
Shale Gas
CBM
SNG
SNG
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Gas Import in China
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Chinarsquos Gas Import
Forecast of Chinarsquos Gas Import (2007-2019E)
Chinarsquos Gas Import (2006-2014E)
0
50
100
150
200
250
300
350
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
NG Import LNG Import Annual Growth Rate
10000 tonne
Source GAC
39
642 761
1526
3239
212 186 188
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E
Import Growth RateSource ICIS
bcm
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
来源安迅思息旺能源
Shanghai
Putian
Ningbo
Qingdao
Tangshan
Dalian
Shenzhen
JOVO
Hainan
Tianjin
Guangxi
Zhoushan
Rudong
East-west P II
East-West P III
China Russia Gas Pipeline
Myanmar Gas Pipeline
East-West P IV
Import LNG
Zhuhai
Gas Import Infrastructure
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Gas Import by Source
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar LNG Australia LNG IndonesiaLNG Malaysia LNG
Other Countries LNG Turkmenistan Others
10000 tonne
Source Gac
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Import Gas Price
0
2
4
6
8
10
12
14
16
18
20
2006 2007 2008 2009 2010 2011 2012 2013 2014 E
Qatar Import LNG price
Australia Import LNG price
Indonesia Import LNG price
Malaysia Import LNG price
Other Countries Import LNG
priceTurkmenistan Pipeline
Import priceOther Pipelien Import price
$MMBtu
Source GAC
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Content
Price Reform
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Evaluation of Chinarsquos Gas Pricing Mechanism
Base on Cost
Base on Cost
Before 2005 2010 2012 2013-2015 After 2020
Price Reform Two Tier Pricing +
Base on Cost
Two Tier Pricing
Hub Price
Government Set and Guide the Price
Market Orientation
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Price Formula
Coefficient
Import Price Import Price
VAT Thermal Value
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Regional Gas Price
Government-capped City-gate Prices of Natural Gas by ProvinceMunicipalityRegion
ProvinceMunicipalityRegion
Price for existing consumption Price for outstanding consumption
RMB Yuancbm
USD $MMBtu RMB Yuancbm
USD $MMBtu
Beijing 2660 1168 3140 1379
Tianjin 2660 1168 3140 1379
Hebei 2640 1159 3120 1370
Shanxi 2570 1129 3050 1340
Inner Mongolia 2000 878 2480 1089
Guangdong 2860 1256 3320 1458
Guangxi 2690 1181 3150 1383
Heilongjiang 2420 1063 2900 1274
Shanghai 2840 1247 3320 1458
Jiangsu 2820 1239 3300 1449
Zhejiang 2830 1243 3310 1454
Anhui 2750 1208 3230 1419
Jiangxi 2620 1151 3100 1362
Shandong 2640 1159 3120 1370
Note The price is inclusive of value-added tax (VAT)
Source National Development and Reform Commission
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Impact of Price Reform
Upstream
Middle stream
Downstream
Gas Power Plant Industry Vehicle Fertilizer
Supplier
LNG terminal
Domestic LNG plant Pipeline
Import LNG
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Government PoliciesmdashPipeline Gas
Commercial
Gas Field Purify Pipeline City Gate Pipeline
Fertilizer
City Gas
Gas Power Plant
Industry
Vehicle
Citizen
Upstream Transportation
Downstream
LNG trucks
Vehicle
Gas refill station
Domestic LNG plant
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Government PoliciesmdashLNG
Commercial
LNG trucks
Vehicle
City Gas
Gas Power Plant
Vehicle
Citizen
Industry
Import LNG
Shipping LNG terminal
Gas refill station
Pipeline
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Content
Chinese gas market reforms in a regional context
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Chinese import requirements uncertain but will impact wider region
bull Chinese domestic shale gas production uncertain Government cuts targets ndash 30Bcm by 2020 down from 60-100Bcm in original 2011-2015 development plan
bull Imports from Turkmenistan set to reach 30Bcm in 2014 up to 65Bcm by 2021
bull Russia-China pipeline agreement via Eastern Route ndash up to 38Bcmyear
bull Gazprom-CNPC sign framework agreement in Nov lsquo14 for 30Bcmyear via Altai (Western Route)
bull Chinese buyers have signed SPAs to import more than 50mtpa of LNG in 2020
38
5 6
24
6
17
4
China holds more than 50mtpa in LNG SPAs in 2020
Australia
Indonesia
Malaysia
Qatar
Russia
Portfolio Supply
Papua New Guinea
Chinarsquos LNG imports compared with NE Asia
rsquo08 lsquo09 lsquo10 rsquo11 rsquo12 rsquo13 rsquo14 end Sept
China LNG imports (mt)
337 574 960
131 1465 186 1467
Chinese LNG imports as percentage of regional demand
NE Asia
305 547 772 94 962 1165 1235
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
New Russian pipeline imports competitive with LNG
1000
1100
1200
1300
1400
1500
1600
LNG
Pric
es -
$M
MB
tu
Selected LNG and pipeline import prices to China on forward curve (12 Nov 2014)
US liquefaction DES Asia (Cheniere) QatarChina DES
Russia-China (Shanghai delivery estimate) AustraliaChina 201112
AustraliaChina CSG S-Curve from Corpus Christi statement - March 2014
source ICIS CME and NYMEX
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Japan tries to align liberalisation and lower price goals
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Chinese price reform raises questions for new contestable LNG supply
bull Eni and Anadarko developing multi-train
project in Mozambique Eni also plan 25mtpa FLNG project offshore Area 4
bull CNPC holds a 30 stake in Eni-led consortium developing Area 4
East Africa
bull Nine liquefaction projects at various stages of development in Western Canada have been given export approval
bull PetroChina and Sinopec stakeholders in two LNG projects
bull Cost challenges and uncertainty over royalty tax bull Regulatory issues over Western US greenfield projects
North America
bull Australian greenfield and FLNG projects under costs pressure ndash Browse Bonaparte Scarborough
bull Russian LNG ndash (Sakhalin expansionVladivostok Yamal LNG) ndash questions over financing technology
AustraliaRussia
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
Request a sample report gtgt
Enquire about the report gtgt
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
You can rely on ICIS to stay up to date with the latest developments in China natural gas
Reliable pricing information The ICIS China Gas Markets Report enables you to understand price drivers and fluctuations and settle your contract prices more confidently by giving you access to delivered and import LNG prices as well as information on shipping information market moving news operating rates and turnaround schedules
Comprehensive supply and demand data and analysis The ICIS China LNG SupplyDemand amp Investment Opportunities Report provides detailed information on the LNG demand outlook for China ndash broken down by 24 key provinces autonomous regions and municipalities In addition it provides important information on domestic policies infrastructure developments and other key factors for consideration when making investment-related decisions
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For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-
Thank you very much
For other enquiries email us at enquiryiciscom Interested in our next webinars Visit wwwiciscomresourceswebinars
Click here to access the recording of the webinar - httpbcoveme41zphdnz
- ICIS China Gas Market Webinar
- Slide Number 2
- Slide Number 3
- Content
- Slide Number 5
- Chinarsquos natural gas Supply and Demand
- Gas Consumption by region in 2012
- LNG Consumption by region in 2013
- Gas Distribution
- Slide Number 10
- Domestic Natural Gas Supply
- Unconventional Gas Development
- Unconventional Gas Distribution
- Slide Number 14
- Chinarsquos Gas Import
- Gas Import Infrastructure
- Gas Import by Source
- Import Gas Price
- Content
- Evaluation of Chinarsquos Gas Pricing Mechanism
- Price Formula
- Regional Gas Price
- Impact of Price Reform
- Government PoliciesmdashPipeline Gas
- Slide Number 25
- Content
- Chinese import requirements uncertain but will impact wider region
- New Russian pipeline imports competitive with LNG
- Japan tries to align liberalisation and lower price goals
- Chinese price reform raises questions for new contestable LNG supply
- Slide Number 31
- Slide Number 32
-