Natural Gas

Second West-East Gas Pipeline set to start Hong Kong supplies this summer

The 5,220-kilometre Second West-East Gas Pipeline stretches from Xinjiang Uygur autonomous region in the northwest to northern Guangdong. Photo: Xinhua

It sounds like an engineer's pipe dream - a 9,000-kilometre-long pipeline stretching from Turkmenistan in Central Asia to Hong Kong and bringing energy to the homes of more than 500 million people along the way.

Sunday, 16 June, 2013, 4:07am 1 comment

Sino Oil spends US$30m on wells and pipelines

Dai Xiaobing, Executive Director of Sino Oil and Gas Holdings Limited.

Sino Oil and Gas, a partner of PetroChina in a project to extract natural gas trapped inside coal seams in Shanxi province, plans to spend US$30 million this year on well drilling, pipeline construction and the expansion of a gas processing plant.

31 May 2013 - 4:10am 1 comment

PetroChina to buy more gas overseas despite losses

The mainland has committed to import 95 billion cubic metres of gas in 2015 and is under pressure to increase prices. Photo: Reuters

PetroChina, the nation's largest oil and gas producer, will continue to boost natural gas imports even though mounting losses have substantially weakened its cash flow and increased its debt burden.

24 May 2013 - 3:47am

PetroChina's Kunlun invests billions as cars are converted to gas

Kunlun aims to increase sales by 30 per cent annually. Photo: Xinhua

Kunlun Energy, PetroChina's gas distribution and infrastructure unit, plans to invest HK$22 billion this year building gas pipelines and liquefied natural gas (LNG) processing plants, as more petrol- and diesel-powered vehicles are converted to run on natural gas.

21 May 2013 - 4:53am

Halliburton eyes opportunities in China's shale gas industry

China has the world's largest recoverable shale gas resources, some 36 trillion cubic metres, according to the US Energy Information Administration. Photo: Reuters

Some of the barriers to faster development on the mainland of shale gas - natural gas trapped between shale rocks - can be mitigated by policy incentives, technology, and supply chain management, according to an energy executive.

17 May 2013 - 6:25am

Chinese firms 'must try harder' for Iraq deals

Mainland infrastructure firms are well positioned to bid for the construction of natural gas-fired power plants in Iraq, but they need to work harder to catch up with Western rivals that have had a head start, according to an infrastructure lawyer.

13 May 2013 - 3:31am

Gas boom may be mixed blessing for climate change

The promise of methane hydrate as a fuel has added to the already frenetic pace of gas development in the US and elsewhere. Photo: AP

As fracking has boomed in recent years, energy experts have woken up to another unconventional source of natural gas. It is methane hydrate, and its potential reserves are huge.

12 May 2013 - 2:08am 3 comments

'Golden age' of coal draws to a close

Coal-fired power is losing popularity. Photo: Bloomberg

The mainland's coal-fired electricity market will suffer a "structural oversupply", as cheap but dirty-burning energy sources are increasingly marginalised, says a senior industry official.

18 Apr 2013 - 5:33am

Natural gas price hike denied after rumours spark panic buying

People queue up outside a gas station to buy natural gas in Lanzhou, northwest China's Gansu province. Photo: AFP

Authorities denied rumours of a nationwide hike in natural gas prices after long queues were seen outside natural gas selling stations in a number of cities across China.

“This is absolutely groundless,” 21st Century Business Herald quoted an official from the National Development and Reform Commission as saying on Tuesday, who said he had already answered numerous inquiries.

27 Mar 2013 - 8:28pm 1 comment

PetroChina targets 3.2 pc output growth per year

PetroChina vice-president Sun Longde says the company sees natural gas as the fastest-growing and the most strategic business segment. Photo: Dickson Lee

The firm posted a net profit of 115.3 billion yuan (HK$142.5 billion) for last year, down 13.3 per cent from 2011 and around 7.5 per cent lower than analysts' average estimates.

22 Mar 2013 - 4:38am

Hong Kong needs to rethink power company's sweet deal

CLP's sweet deal needs a rethink

The warning of hefty tariff increases by the city's top energy supplier is a case of déjà vu. After imposing a 5.9 per cent tariff increase early this year, CLP reiterated that electricity prices could rise 40 per cent within a few years, saying the switch to natural gas has pushed up fuel costs. The gloomy picture should not come as a big surprise. The power giant first sounded the warning last year after being forced to cut back its annual increase substantially. The rhetoric is nothing new but it is guaranteed to generate outrage, coming from a monopoly that earned HK$8.3 billion last year.

7 Mar 2013 - 2:35am 7 comments

Beijing's shale gas targets 'unrealistic' say experts

A worker performs valve checks at a Sinopec natural gas well in Sichuan. Photo: Reuters

The mainland produces no commercial quantities of shale gas, yet it has set a target of 80 billion cubic metres (bcm) by 2020, or 23 per cent of total expected demand. Output in 2020 is likely to be 18 bcm. That is more pessimistic than a year ago, when the forecast was 23 bcm.

20 Feb 2013 - 2:01am

China pays top dollar for gas imports

China's gas imports are set to increase further this year.

Gas imports by sea and pipeline will rise 24 per cent in 2013, according to China National Petroleum Corp (CNPC), the nation's biggest energy explorer. Crude purchases will climb 7.3 per cent and account for 58 per cent of total consumption, CNPC estimated in its annual research report released on January 30.

8 Feb 2013 - 3:53am

Prediction of utilities' natural gas needs may have been too high

Prediction of utilities' natural gas needs may have been too high

Environment officials tried yesterday to ease fears of drastic electricity price increases in the next few years, saying the city might not need to double the amount of natural gas used by 2015 as was previously predicted.

9 Jan 2013 - 5:17am

Public shows way with energy saving

Government can get power companies to save more energy. Photo: David Wong

Friends of the Earth successfully mobilised the public to save 52 million kilowatt-hours (kWh) in three months in our Power Smart contest while Hongkong Electric has failed to save as little as three million kWh.

Secretary for the Environment Wong Kam-sing said that there is not much room for adjustments in the interim review of the Scheme of Control Agreements this year.

7 Jan 2013 - 2:36am