CHINA'S OIL IMPORTS UP 10%

PLATTS - China's crude oil imports surged 29.9% year on year to 10.35 million b/d in December, bringing total imports to 9.28 million b/d in 2018, up 10.1% year on year, preliminary data from the General Administration of Customs showed Monday.

This was the second time China's monthly crude imports breached 10 million b/d, and was 1.2% lower than the record high of 10.48 million b/d in November 2018.

GAC releases data in metric tons, which S&P Global Platts converts to barrels using a 7.33 conversion factor.

The country's crude imports in December totaled 43.78 million mt, up 2.1% from 42.87 million mt in November, the preliminary GAC data showed.

Fuel oil imports stood at 1.51 million mt in December, increasing 13.6% year on year. This pushed the country's total fuel oil imports higher by 23.3% from 2017 to 16.61 million mt in 2018.

China's oil product exports reached 5.86 million mt in December, GAC data showed.

Exports had fallen 5% year on year despite new export quotas being issued for December.

Over January-December, China's oil product exports totaled 58.64 million mt, up 12.4% year on year, the data showed.

PRELIMINARY IMPORT, EXPORT DATA (mil mt)

Source: China's General Administration of Customs

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Earlier:

2018, December, 24, 11:50:00 CHINA'S LNG IMPORTS UP BY 48.5% REUTERS - China's LNG imports totaled 5.99 million tonnes in November, up 48.5 percent from the same month last year, data from the General Administration of Customs showed.

2018, December, 3, 12:30:00 ЭНЕРГЕТИКА РОССИИ И КИТАЯ МИНЭНЕРГО РОССИИ - Благодаря усилиям лидеров России и Китая сотрудничество двух стран в сфере энергетики вышло на беспрецедентно высокий уровень и продолжает динамично развиваться по всем направлениям, отметил по итогам встречи Александр Новак.

2018, November, 28, 12:35:00 CHINA, PHILIPPINES AGREEMENT OGJ - The governments of China and the Philippines have signed a memorandum of understanding for cooperation in oil and gas exploration and development, easing a territorial dispute in the South China Sea.

2018, November, 22, 11:15:00 U.S. - CHINA OIL PLATTS - Recent activity in the US Gulf Coast shipping market signals that Chinese buyers have returned to buying US crudes oil after halting all imports of US grades in August and September.

2018, November, 16, 09:35:00 RUSSIAN ENERGY FOR ASIA PLATTS - Asia is a growing market for Russian energy, including LNG, and a potential source of investment for the world's largest producer of resources and minerals. The Kremlin has increasingly looked to build its presence in the Asian region following the imposition of tough sanctions by the US on Russia.

2018, November, 14, 12:05:00 CHINA: THE WORLD'S TOP REUTERS - China has overtaken Japan to become the world’s top importer of natural gas, as Beijing’s crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.

2018, November, 9, 15:40:00 ЭНЕРГИЯ РОССИИ И КИТАЯ МИНЭНЕРГО РОССИИ - «Показатели поставок энергоресурсов традиционно демонстрируют положительную динамику. Только за 10 месяцев 2018 года поставки нефти в КНР, по сравнению с аналогичным периодом прошлого года, выросли на 33,7%, составив 33,36 млн тонн. При этом, угольный экспорт в Китай за 8 месяцев вырос на 15,4% до 18,12 млн тонн угля, продемонстрировали положительную динамику и поставки электроэнергии, за 9 месяцев увеличившись до 2,45 млрд кВт ч, что на 4,33% больше аналогичного показателя прошлого года. В этом году, по нашим ожиданиям, общий объем поставок электроэнергии в Китай достигнет 3,3 млрд. кВт ч.», - сообщил Министр.