RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2017-11-03 12:15:00

SOUTH CHINA SEA LNG

SOUTH CHINA SEA LNG

 

 

 

 

EIAThe South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almost 40% of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea.

The South China Sea is an important trade route for Malaysia and Qatar. The two LNG exporters collectively accounted for more than 60% of total South China Sea LNG volumes in 2016. Almost half of Qatar's global LNG shipments traveled through the South China Sea in 2016. All of Malaysia's LNG exports pass through the South China Sea, as the country's one LNG export complex lies on the South China Sea coast.

Several other LNG exporters also use South China Sea trade routes to reach LNG importers. In 2016, Oman, Brunei, and the United Arab Emirates shipped between 84% and 100% of their total LNG exports through the South China Sea.

Other LNG exporters in the region, such as Australia and Indonesia, make more use of other trade routes to reach LNG markets. In 2016, about 23% of total Australian LNG exports and about 29% of Indonesian LNG exports were shipped by way of the South China Sea. Much of the remainder of Australia's and Indonesia's LNG exports passed to the east of the Philippines and Taiwan, avoiding the South China Sea on the way to customers in Japan, South Korea, and northern China.

The four LNG importers with the largest volumes passing through the South China Sea are Japan, South Korea, China, and Taiwan, collectively accounting for 94% of total LNG volumes going through the South China Sea in 2016. Japan is the world's largest LNG importer, and slightly more than half of all of Japan's LNG imports in 2016 were shipped by way of the South China Sea. Similarly, about two-thirds of the LNG imported by South Korea—the world's second-largest LNG importer—was shipped through the South China Sea that year.

More than two-thirds of China's LNG imports and more than 90% of Taiwan's LNG imports passed through the South China Sea in 2016. Total imports of LNG to China have more than doubled over the previous five years, from 0.56 Tcf in 2011 to 1.20 Tcf in 2016. However, more than half of the growth in China's LNG imports were volumes that went to northern ports without transiting the South China Sea. Based on projections in the International Energy Outlook 2017, EIA projects that China will surpass South Korea as the world's second-largest LNG importer by 2018 and nearly match Japan's level of LNG imports by 2040.

-----

Earlier:

IMF: SOUTHEAST ASIA'S TRANSFORMATION
2017, September, 13, 15:10:00

IMF: SOUTHEAST ASIA'S TRANSFORMATION

IMF - When we think about Asia’s economic future, we know that this future is being built on strong foundations—on the richness and diversity of its cultures, on the incredible energy and ingenuity of the people who have changed the world by transforming their own economies. China and India have been driving the greatest poverty reduction in human history by creating the world’s largest middle classes. In a single generation, Vietnam has moved from being one of the world’s poorest nations to being a middle-income country.

 
 CHINA'S LNG IMPORTS UP 45%
2017, September, 8, 08:45:00

CHINA'S LNG IMPORTS UP 45%

Over the first seven months of 2017, China's imports of liquefied natural gas (LNG) averaged 4.3 billion cubic feet per day (Bcf/d), or 45% higher than during the same period in 2016. With the exception of a slight decline in 2015, LNG import into China have grown steadily over the last decade, increasing by 33% between 2015 and 2016. LNG imports growth has been supported by both government policies to replace some coal and oil use with natural gas as well as lower natural gas import prices.

 

 VIETNAM - INDIAN DEAL
2017, July, 7, 07:35:00

VIETNAM - INDIAN DEAL

Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.

 

 SOUTH CHINA SEA GAS
2017, May, 19, 12:35:00

SOUTH CHINA SEA GAS

China's attempt to test marine natural gas hydrates, a future energy source, has turned out to be a success, making it the first country to secure continuous and stable gas supply in marine gas hydrate exploitation, according to the Ministry of Land and Resources.

 

 SOUTH CHINA SEA SOVEREIGNTY
2017, April, 6, 18:45:00

SOUTH CHINA SEA SOVEREIGNTY

China claims almost all of a large stretch of sea between Taiwan, Malaysia, Indonesia, the Philippines, Brunei, Vietnam and Japan. The trouble is, between them, these seven other states all do too.

 

 SOUTH CHINA SEA TALKS
2017, February, 8, 18:45:00

SOUTH CHINA SEA TALKS

China is committed to having talks with the parties directly involved, and in accordance with historical facts and international law to peacefully resolve the issue, and that position will not change, Wang said.

 SOUTH CHINA SEA PETROLEUM
2017, January, 24, 18:35:00

SOUTH CHINA SEA PETROLEUM

"We urge the United States to respect the facts, speak and act cautiously to avoid harming the peace and stability of the South China Sea,"

 

 

Tags: SOUTH, CHINA, SEA, LNG, GAS
Chronicle:
SOUTH CHINA SEA LNG
2022, July, 4, 12:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
SOUTH CHINA SEA LNG
2022, July, 4, 12:43:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
SOUTH CHINA SEA LNG
2022, July, 4, 12:40:00
GERMAN UTILITIES COLLAPSE
German leaders are stepping up warnings of impending turmoil and natural-gas shortages in Europe’s biggest economy, which relies on Russia for about one-third of its energy.
SOUTH CHINA SEA LNG
2022, July, 4, 12:35:00
IRANIAN OIL RISES
Iran could increase production to levels before the sanctions, he said, without giving an estimate of current output.
SOUTH CHINA SEA LNG
2022, July, 4, 12:30:00
S.KOREAN NUCLEAR FOR CZECH
"A nuclear power generation project requires more than a decade for construction and involves operations for more than 60 years. South Korea is a reliable partner in terms of economic feasibility, safety, and ensuring the construction period," Lee said.
SOUTH CHINA SEA LNG
2022, June, 28, 12:10:00
OIL PRICE: BRENT NEAR $117, WTI ABOVE $111
Brent climbed $1.9, or 1.7%, to $116.99, WTI rose $1.8, or 1.6%, to $111.36 a barrel.
SOUTH CHINA SEA LNG
2022, June, 28, 12:05:00
OPEC OIL PRICE: $112.35
The price of OPEC basket of thirteen crudes stood at $112.35 a barrel
All Publications »