Volume rises by just 0.5% on year in Oct
China produced 168.4 Bcm of natural gas over Jan-Oct
China produced 16.5 billion cubic meters of natural gas in October, up 5.1% on the month, while the volume was only up by 0.5% year on year, according to data released Nov. 15 by the National Bureau of Statistics.
Not registered?
Receive daily email alerts, subscriber notes & personalize your experience.
Register NowThe month-on-month growth rate in October rebounded from a 1.3% decline in September, the data showed.
Over January-October, China produced a total 168.4 Bcm of natural gas, up 9.4% year on year, data from the NBS showed.
State-owned oil and gas producers continued to ramp up their natural gas production last month in a bid to ensure gas supply in the coming peak season, according to market sources.
Sinopec raised gas production from its Puguang gas field in southwestern Sichuan province by around 1.21 million cu m/day to 17.5 Mcm/day since October, local media reported.
Sinopec further increased gas production from its Fuling shale gas field in southwestern Chongqing, with eight new well being put into operations in November, adding 480,000 cu m/day of shale gas, the company said Nov. 11.
Sinopec's Fuling shale gas field currently supplies nearly 20 Mcm/day of natural gas, and has reached cumulative gas production of nearly 6 Bcm over January-October, up 9.3% year on year, according to the company.
However, CNOOC in October suspended operations at its Lingshui 17-2 deepwater gas field, or the Deep Sea No. 1 gas field, in South China Sea and evacuated all workers due to Typhoon Kompasu, according to a report from state-owned Assets Supervision and Administration of the State Council on Oct. 21, which was expected to have affected gas production from the field to a certain extent last month.
Typhoon Kompasu, the 18th typhoon of this year, made landfall in south China's Hainan province on Oct. 13 afternoon, bringing strong wind and heavy rain to the southern regions.
As China's first large-sized deepwater discovery made by independent exploration, CNOOC's Deep Sea No. 1 gas field realized full operations in September after starting on June 25. The field is estimated to have an annual natural gas output of 3 Bcm.
Meanwhile, China did not sign up to the Global Methane Pledge at COP26 that covers over 100 countries representing 70% of the global economy. The pledge aims to limit methane emissions by 30% compared with 2020 levels, but is likely to result in higher costs for gas producers.
China remains one of the world's largest gas producers and prioritizes maintaining gas prices at affordable levels, in addition to limiting annual losses on gas sales incurred by its national oil companies.
However, the US and China said they would cooperate on reducing methane emissions. China said it would launch a methane action plan before COP27, as part of the US-China Joint Glasgow Declaration on Enhancing Climate Action in the 2020s, released late Nov. 10 at the 26th United Nations Climate Change Conference or COP26.
"gas" - Google News
November 16, 2021 at 12:50PM
https://ift.tt/30xa90g
CHINA DATA: October natural gas output rises 5% on month to 16.5 Bcm - S&P Global
"gas" - Google News
https://ift.tt/2LxAFvS
https://ift.tt/3fcD5NP
Bagikan Berita Ini
0 Response to "CHINA DATA: October natural gas output rises 5% on month to 16.5 Bcm - S&P Global"
Post a Comment