2020-12-15 14:05:00
CHINA'S GAS PRODUCTION UP AGAIN
PLATTS - 15 Dec 2020 - China produced 16.9 Bcm of domestic natural gas in November, equivalent to 563 million cu m/day, the highest daily output recorded, S&P Global Platts calculations based on data released on Dec. 15 by the National Bureau of Statistics showed.
The country also saw 16.9 Bcm of natural gas production in March this year, but it was only equivalent to 545 million cu m/d, as March has one more day than November.
November natural gas production was up by 3.7% from October, the third consecutive month-on-month rise. It was also 11.8% higher from a year-ago level, the data showed.
China has gradually increased its production volumes since September with the full recovery of domestic demand as well as more available storage capacity, market sources said.
The country's December natural gas production is expected to rise further as state-owned oil and gas giant PetroChina on Dec. 15 announced that annual gas output from its Southwest oil and gas field exceeded 30 Bcm on Dec. 14, up nearly 5 Bcm year on year.
"Daily gas production from the Southwest oil and gas field has reached 102 Mcm, a record high," a senior executive with the oil field said on China Central Television Dec. 14. "Our natural gas production is expected to reach 50 Bcm/year in 2025, and 80 Bcm/year in 2030."
Over January-November, China produced 170.2 Bcm of natural gas, up 9.3% year on year, NBS data showed. This is slightly higher than the 9.2% year-on-year growth reported during the same period in 2019.
At its current pace, China is expected to exceed its 2019 gas production volume and hit a new annual record in 2020.
China produced 173.6 Bcm of natural gas in 2019, an increase of 9.8%, or 13 Bcm, from the previous year, according to historical data from the NBS.
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Earlier:
2020, December, 11, 10:50:00
CHINA'S FUSION ENERGY
China’s HL-2M tokamak fusion reactor in Chengdu, Sichuan Province, was commissioned on 4 December and achieved its first plasma discharge, according to China National Nuclear Corporation (CNNC).
2020, December, 7, 13:15:00
CHINA OIL IMPORTS UP
China's crude imports in the first 11 months to 11.03 million b/d, rising 9.2% year on year.
2020, December, 7, 13:10:00
CHINA GAS IMPORTS UP
China's natural gas sales exceeded 950 million cu m/day across the nation, state-owned oil and gas infrastructure giant PipeChina said on its official WeChat on Nov. 21.
2020, December, 2, 14:35:00
CHINA'S HYDROPOWER PLAN 60 GW
China estimates its hydropower potential at around 700 GW
2020, November, 23, 12:20:00
CHINA'S RENEWABLE SUBSIDY UP
China had slashed the subsidy in 2020 from the previous year by around 30%
2020, November, 20, 13:35:00
CHINA'S OPENNESS, COOPERATION
“China will remain committed to openness and cooperation, and adhere to multilateralism and the principle of extensive consultation, joint contribution and shared benefits.”
2020, November, 17, 13:10:00
CHINA GAS PRODUCTION UP
The natural gas produced in October was 11.6% higher from September and up 11.9% from a year ago, data released Nov. 16 by the National Bureau of Statistics showed.
