Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-02-14 13:30:00

CHINA FINDS GAS

CHINA FINDS GAS

China said its recent gas discovery in the politically volatile South China Sea could yield 100 billion cubic meters of natural gas, underlining Beijing's determination to extract resources from waters claimed by several nations.

The Lingshui 17-2 gas field was discovered 150 kilometers south of China's southernmost island of Hainan, and the Ministry of Land and Resources has approved it as a large-scale find, the official Xinhua News Agency said.

It cited the country's main offshore oil and gas producer, China National Offshore Oil Corp. Calls to the company's press office rang unanswered Tuesday.

Xizhou Zhou, senior director and head of China for IHS Energy, said that 100 billion cubic meters was a "decent amount but not that substantial," and equivalent to about six to seven months of Chinese gas supply currently.

"In addition, new discoveries often take years to develop, so by the time this gas starts to flow, the Chinese gas market could be much bigger than it is today," he said.

Petroleum reserves and fisheries are among the resources at stake in disputes over the South China Sea, which is one of the world's busiest shipping routes and a patchwork of overlapping claims by governments including China, the Philippines, Malaysia, Vietnam and Taiwan.

China claims virtually all of the South China Sea.

China National Offshore Oil Corp.'s exploration rig made the discovery about a month after it withdrew in July from a tense maritime standoff with Vietnam in the latter's exclusive economic zone.

China's placing of the rig in contested waters off Vietnam two months earlier triggered a wave of violent protests among Vietnamese, leaving at least two Chinese workers dead and 140 injured.

The gas field has a depth of about 1,500 meters, which is at the extreme cusp of what the industry considers a deep-water field, or those from 400 to 1,500 meters. Greater than 1,500 meters would be ultra-deep, where extraordinary pressures make the building of facilities extremely difficult.

pennenergy.com

Tags: CHINA, SOUTH, SEA, GAS
CHINA FINDS GAS September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

CHINA FINDS GAS September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

CHINA FINDS GAS September, 21, 10:45:00

UNEXPECTED OIL PRICES

CHINA FINDS GAS September, 21, 10:40:00

OIL MARKET UNCERTAINTY

CHINA FINDS GAS September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

CHINA FINDS GAS September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

CHINA FINDS GAS
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

CHINA FINDS GAS
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

CHINA FINDS GAS
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

CHINA FINDS GAS
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »