Page 13 - Gi flipbook April 2018

CHINA China has 17 LNG import
terminals at 14 ports
China becomes world’s

second largest LNG

importer, behind Japan

CHINA SURPASSED gas have grown to meet
South Korea to become increasing domestic natural
the world’s second-largest gas consumption, which has
importer of liquefied been primarily driven by
natural gas (LNG) in 2017, environmental policies to
according to data from IHS transition away from coal-
Markit and official Chinese fired electricity generation.
government statistics. The Chinese government
Chinese imports of LNG has also implemented
averaged five billion cubic policies to convert
feet per day (bcf/d) in 2017, several million residential
exceeded only by Japanese households in China’s seasonal peak demand is the 2017 winter period.
imports of 11 bcf/d, reports northern provinces, which met primarily by natural gas Overall, natural gas
Oil Voice. traditionally rely on coal imports, either by pipeline imports accounted for 40
Imports of LNG by China, heating in the winter, from Central Asia or by per cent of China’s 2017
driven by government to use natural gas-fired shipments of LNG. natural gas supply, and
policies designed to reduce boilers instead. Despite the increases LNG made up more than
air pollution, increased by Natural gas storage in China’s domestic half of those imports.
1.6 bcf/d (46 per cent) in capacity in China is production and in pipeline China has 17 LNG import
2017, with monthly imports relatively limited, imports in 2017, natural terminals at 14 ports
reaching 7.8 bcf/d in estimated at just three gas shortages in northern along its coastline, with a
December. per cent of total natural China led to record levels combined regasification
China’s imports of natural gas consumption. China’s of LNG imports during capacity of 7.4 bcf/d. ■

UKRAINE
Ukraine’s Naftogaz claims $2.56bn Ukraine’s GDP, according to

The Financial Times.
legal victory over Russia’s Gazprom a dispute between both
The award centres on
companies over natural gas
transit through Ukraine.
UKRAINE’S STATE time in three months, an important day for the It follows a December
NATURAL gas company ruled in its favour, requiring people of Ukraine and for decision by the same
Naftogaz has claimed Russia’s Gazprom to pay up the future of European gas Stockholm tribunal over gas
victory in an epic four-year a total of $2.56 billion. markets,” Andriy Kobolyev, supplies in which Naftogaz
legal battle, saying that “We are pleased that we Naftogaz’s Chief Executive, had also claimed victory.
a Stockholm arbitration won the arbitration case said in a statement. With total claims in the
tribunal had, for the second on major accounts… this is There was no immediate separate but closely related
comment from Gazprom disputes totalling $125
Andriy Kobolyev nor independent billion, Naftogaz dubbed
confirmation as the its stand-off with Gazprom
arbitration tribunal does as the “biggest commercial
not make its decisions arbitration in history.”
public. But if the claims Mr Kobolyev said
from Kiev hold up, proceeds from the legal
Gazprom appeared set victory would be spent
to face a major loss after to further diversify away
seeking some $81.4 billion from Russian supplies
in total claims against by boosting domestic
Naftogaz — amounting production and energy
to about 75 per cent of efficiency. ■

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News.indd 8 15/03/2018 14:24