Research Report on Natural Gas and Liquefied Natural Gas (LNG) Industry in China, 2014-2018
Description
The production volume of natural gas increased to 121 billion cubic meters by 9.8% YOY in China in 2013, including 117.8 billion cubic meters of conventional natural gas, 200 million cubic meters of shale gas and 3 billion cubic meters of coalbed methane.
The demand for natural gas increases significantly as transform projects from coal to natural gas are launched in China after 2013. Natural gas was in short supply as the increases in synthetic natural gas (SNG) and imported natural gas fell short of expectation in 2013.
The market demand will continue the upward trend as energy policies are adjusted. China is the third largest consumption country of natural gas in the world. The demand for natural gas is estimated to keep increasing while the proportion to the total consumption of primary energy will be 6.3% in 2014. The supply of natural gas is unable to meet the demand.
The reserve and production volume of conventional natural gas are unable to meet the increasing demand in China. Moreover, Chinese government reinforces the measures to increase proportion of clean energy consumption, which also stimulates the demand for natural gas.
The import of natural gas relieves the insufficient domestic supply as the production volume of natural gas possesses limited potential for growth in China. The dependence ratio of oil gas on import keeps increasing. The import volume of natural gas was 53.4 billion cubic meters in China in 2013, up by 25.6% YOY. The growth rate of pipeline gas and LNG were 24.3% and 27.0% respectively. The apparent consumption of natural gas was 169.2 billion cubic meters, up by 12.9%. The dependence ratio of natural gas on import exceeded 30% in 2013.
In China, the factory price of natural gas is set by Chinese government while the retail price is set by local government. Therefore, the retail price may be lower than the factory price. Enterprises with integration of upstream and downstream can avoid the risk while pure downstream enterprises may suffer loss.
The demand for natural gas and LNG will increase rapidly as Chinese economy develops and urbanization accelerates in the future. The market potential of natural gas and LNG is huge as over half of Chinese households use firewood or coal as fuel in China.
Many investment opportunities exist for natural gas and LNG exploration enterprises, trading enterprises and equipment manufacturers in Chinese market. Non-state-owned funds are subject to many restrictions in the field of natural gas exploitation. Private and foreign-funded enterprises can invest in shale gas, coal bed gas and LNG fields, which enjoy preference policies of the government.
Through this report, the readers can acquire the following information:
The production volume of natural gas increased to 121 billion cubic meters by 9.8% YOY in China in 2013, including 117.8 billion cubic meters of conventional natural gas, 200 million cubic meters of shale gas and 3 billion cubic meters of coalbed methane.
The demand for natural gas increases significantly as transform projects from coal to natural gas are launched in China after 2013. Natural gas was in short supply as the increases in synthetic natural gas (SNG) and imported natural gas fell short of expectation in 2013.
The market demand will continue the upward trend as energy policies are adjusted. China is the third largest consumption country of natural gas in the world. The demand for natural gas is estimated to keep increasing while the proportion to the total consumption of primary energy will be 6.3% in 2014. The supply of natural gas is unable to meet the demand.
The reserve and production volume of conventional natural gas are unable to meet the increasing demand in China. Moreover, Chinese government reinforces the measures to increase proportion of clean energy consumption, which also stimulates the demand for natural gas.
The import of natural gas relieves the insufficient domestic supply as the production volume of natural gas possesses limited potential for growth in China. The dependence ratio of oil gas on import keeps increasing. The import volume of natural gas was 53.4 billion cubic meters in China in 2013, up by 25.6% YOY. The growth rate of pipeline gas and LNG were 24.3% and 27.0% respectively. The apparent consumption of natural gas was 169.2 billion cubic meters, up by 12.9%. The dependence ratio of natural gas on import exceeded 30% in 2013.
In China, the factory price of natural gas is set by Chinese government while the retail price is set by local government. Therefore, the retail price may be lower than the factory price. Enterprises with integration of upstream and downstream can avoid the risk while pure downstream enterprises may suffer loss.
The demand for natural gas and LNG will increase rapidly as Chinese economy develops and urbanization accelerates in the future. The market potential of natural gas and LNG is huge as over half of Chinese households use firewood or coal as fuel in China.
Many investment opportunities exist for natural gas and LNG exploration enterprises, trading enterprises and equipment manufacturers in Chinese market. Non-state-owned funds are subject to many restrictions in the field of natural gas exploitation. Private and foreign-funded enterprises can invest in shale gas, coal bed gas and LNG fields, which enjoy preference policies of the government.
Through this report, the readers can acquire the following information:
- Government Policy of China Natural Gas and LNG Industry
- Supply and Consumption of Natural Gas and LNG
- Import and Export of Natural Gas and LNG
- Natural Gas and LNG
- Potential investment opportunities in Natural Gas and LNG Industry
- Exploration and Exploitation Enterprises of Natural Gas and LNG
- Trading Enterprises of Natural Gas and LNG
- Manufacturers of Petrochemical Equipment
- Enterprises of Chemical Industry
- Gas Enterprises
- Investors/Research Institutes Concerned About Natural Gas and LNG Industry
1 OVERVIEW OF PETROLEUM AND NATURAL GAS MINING INDUSTRY
1.1 Definition and Classification
1.1.1 Definition
1.1.2 LNG
1.2 Industry Status
1.2.1 Status of the Industry in China Economy
1.2.2 Optimization of Energy Structure
1.2.3 Industry Scale
1.3 Features of Natural Gas and LNG Industry
2 DEVELOPMENT ENVIRONMENT OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2011-2014
2.1 Economic Environment
2.1.1 China Economy
2.1.2 Global Economy
2.2 Policy Environment
2.2.1 Overview of Policies
2.2.2 Key Policies
2.2.3 Policy Trends
3 OPERATION STATUS OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2009-2013
3.1 Analysis of Supply
3.1.1 Total Supply Volume
3.1.2 Supply Structure
3.2 Analysis of Demand
3.2.1 Demand Structure
3.2.2 Demand Prediction
3.3 Import and Export
3.3.1 Import
3.3.2 Export
3.4 Investment and Financing
3.4.1 Investment in Fixed Assets
3.4.2 Mergers and Acquisitions
4 COMPETITION STATUS OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2011-2014
4.1 Barriers to Entry and Exit
4.1.1 Barriers to Entry
4.1.2 Barriers to Exit
4.1.3 Access Conditions
4.2 Competition Structure of the Industry
4.2.1 Upstream Suppliers
4.2.2 Downstream Customers
4.2.2 Competition among Existing Enterprises
4.2.3 New Entrants
4.2.4 Substitutes
4.3 Features of Industry Development
4.3.1 Abundant Resources
4.3.2 Pipeline and Network System under Construction
4.3.3 Rapid Growth of Natural Gas Consumption
5 SUB-INDUSTRIES OF NATURAL GAS AND LNG IN CHINA, 2011-2013
5.1 Introduction of Sub-industries
5.2 Natural Gas Mining Industry
5.2.1 Industry Scale
5.2.2 Operation Status
5.2.3 Development Trend
5.3 Liquefied Natural Gas Industry
5.3.1 Development Status
5.3.2 Features of LNG Industry
5.3.3 Development Trend
6 INDUSTRY CHAIN OF NATURAL GAS AND LNG IN CHINA, 2011-2014
6.1 Overview of Industry Chain
6.2 Upstream
6.2.1 Exploration of Petroleum and Natural Gas
6.2.2 Construction of Petroleum and Gas Pipe System
6.3 Downstream
6.3.1 Overall Demand
6.3.2 Chemical Industry
6.3.3 Household Consumption
6.3.4 Automobile Industry
7 ANALYSIS OF CHINA NATURAL GAS AND LNG INDUSTRY BY REGION, 2011-2014
7.1 Industry Distribution
7.1.1 Distribution Status
7.1.2 Development Trend
7.2 Analysis of Key Regions in Petroleum and Natural Gas Mining Industry in China
7.2.1 Shaanxi
7.2.2 Xinjiang
7.2.3 Heilongjiang
7.2.4 Sichuan
7.2.5 Shandong
8 ANALYSIS OF KEY ENTERPRISES IN NATURAL GAS AND LNG INDUSTRY IN CHINA, 2011-2014
8.1 China National Petroleum Corporation
8.1.1 Enterprise Profile
8.1.2 Operation Status
8.2 China Petrochemical Corporation (Sinopec Group)
8.3 China National Offshore Oil Corp.
8.4 Shaanxi Provincial Natural Gas Co., Ltd.
9 PROSPECT OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2014-2018
9.1 Factors Influencing Development
9.1.1 Economy
9.1.2 Industry Policies
9.1.3 Pricing System
9.2 Forecast on Supply and Demand
9.2.1 Forecast on Supply
9.2.2 Forecast on Demand
9.3 Discussion about Investment Opportunities
9.3.1 Upstream
9.3.2 Midstream
9.3.3 Downstream
9.4 Recommendations for Investment and Development
1.1 Definition and Classification
1.1.1 Definition
1.1.2 LNG
1.2 Industry Status
1.2.1 Status of the Industry in China Economy
1.2.2 Optimization of Energy Structure
1.2.3 Industry Scale
1.3 Features of Natural Gas and LNG Industry
2 DEVELOPMENT ENVIRONMENT OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2011-2014
2.1 Economic Environment
2.1.1 China Economy
2.1.2 Global Economy
2.2 Policy Environment
2.2.1 Overview of Policies
2.2.2 Key Policies
2.2.3 Policy Trends
3 OPERATION STATUS OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2009-2013
3.1 Analysis of Supply
3.1.1 Total Supply Volume
3.1.2 Supply Structure
3.2 Analysis of Demand
3.2.1 Demand Structure
3.2.2 Demand Prediction
3.3 Import and Export
3.3.1 Import
3.3.2 Export
3.4 Investment and Financing
3.4.1 Investment in Fixed Assets
3.4.2 Mergers and Acquisitions
4 COMPETITION STATUS OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2011-2014
4.1 Barriers to Entry and Exit
4.1.1 Barriers to Entry
4.1.2 Barriers to Exit
4.1.3 Access Conditions
4.2 Competition Structure of the Industry
4.2.1 Upstream Suppliers
4.2.2 Downstream Customers
4.2.2 Competition among Existing Enterprises
4.2.3 New Entrants
4.2.4 Substitutes
4.3 Features of Industry Development
4.3.1 Abundant Resources
4.3.2 Pipeline and Network System under Construction
4.3.3 Rapid Growth of Natural Gas Consumption
5 SUB-INDUSTRIES OF NATURAL GAS AND LNG IN CHINA, 2011-2013
5.1 Introduction of Sub-industries
5.2 Natural Gas Mining Industry
5.2.1 Industry Scale
5.2.2 Operation Status
5.2.3 Development Trend
5.3 Liquefied Natural Gas Industry
5.3.1 Development Status
5.3.2 Features of LNG Industry
5.3.3 Development Trend
6 INDUSTRY CHAIN OF NATURAL GAS AND LNG IN CHINA, 2011-2014
6.1 Overview of Industry Chain
6.2 Upstream
6.2.1 Exploration of Petroleum and Natural Gas
6.2.2 Construction of Petroleum and Gas Pipe System
6.3 Downstream
6.3.1 Overall Demand
6.3.2 Chemical Industry
6.3.3 Household Consumption
6.3.4 Automobile Industry
7 ANALYSIS OF CHINA NATURAL GAS AND LNG INDUSTRY BY REGION, 2011-2014
7.1 Industry Distribution
7.1.1 Distribution Status
7.1.2 Development Trend
7.2 Analysis of Key Regions in Petroleum and Natural Gas Mining Industry in China
7.2.1 Shaanxi
7.2.2 Xinjiang
7.2.3 Heilongjiang
7.2.4 Sichuan
7.2.5 Shandong
8 ANALYSIS OF KEY ENTERPRISES IN NATURAL GAS AND LNG INDUSTRY IN CHINA, 2011-2014
8.1 China National Petroleum Corporation
8.1.1 Enterprise Profile
8.1.2 Operation Status
8.2 China Petrochemical Corporation (Sinopec Group)
8.3 China National Offshore Oil Corp.
8.4 Shaanxi Provincial Natural Gas Co., Ltd.
9 PROSPECT OF NATURAL GAS AND LNG INDUSTRY IN CHINA, 2014-2018
9.1 Factors Influencing Development
9.1.1 Economy
9.1.2 Industry Policies
9.1.3 Pricing System
9.2 Forecast on Supply and Demand
9.2.1 Forecast on Supply
9.2.2 Forecast on Demand
9.3 Discussion about Investment Opportunities
9.3.1 Upstream
9.3.2 Midstream
9.3.3 Downstream
9.4 Recommendations for Investment and Development
SELECTED CHARTS
Chart Proportion of Petroleum and Natural Gas Exploitation Industry in China, 2009-2013
Chart Number of Exploitation Enterprises of Petroleum and Natural Gas in China, 2007-2013
Chart Industry Policies of Natural Gas and LNG in China, 2011-2014
Chart Production Volume of Natural Gas in China, 2007-2013
Chart Production Volume of Natural Gas in Major Production Areas in China, 2011-2013
Chart Apparent Consumption of Natural Gas in China, 2007-2013
Chart Structure of Demand for Natural Gas in China, 2013
Chart Import Volume of Natural Gas in China, 2007-2013
Chart Investment in Fixed Assets in China Petroleum and Natural Gas Exploitation Industry, 2007-2013
Chart Sales Revenue of Petroleum and Natural Gas Exploitation Industry in China, 2007-2013
Chart Import Volume of LNG in China, 2007-2013
Chart Major Sources of Import for Natural Gas in China, 2013
Chart Apparent Consumption of Natural Gas in China, 2007-2013
Chart Production Volume of Natural Gas in Shaanxi, 2009-2013
Chart Total Output Value of Petroleum and Natural Gas Exploitation Industry in Shaanxi, 2007-2013
Chart Production Volume of Natural Gas in Xinjiang, 2007-2013
Chart Forecast on Production Volume of Natural Gas in China, 2014-2018
Chart Forecast on Import Volume of LNG in China, 2014-2018
Chart Forecast on Apparent Consumption of Natural Gas in China, 2014-2018
Chart Proportion of Petroleum and Natural Gas Exploitation Industry in China, 2009-2013
Chart Number of Exploitation Enterprises of Petroleum and Natural Gas in China, 2007-2013
Chart Industry Policies of Natural Gas and LNG in China, 2011-2014
Chart Production Volume of Natural Gas in China, 2007-2013
Chart Production Volume of Natural Gas in Major Production Areas in China, 2011-2013
Chart Apparent Consumption of Natural Gas in China, 2007-2013
Chart Structure of Demand for Natural Gas in China, 2013
Chart Import Volume of Natural Gas in China, 2007-2013
Chart Investment in Fixed Assets in China Petroleum and Natural Gas Exploitation Industry, 2007-2013
Chart Sales Revenue of Petroleum and Natural Gas Exploitation Industry in China, 2007-2013
Chart Import Volume of LNG in China, 2007-2013
Chart Major Sources of Import for Natural Gas in China, 2013
Chart Apparent Consumption of Natural Gas in China, 2007-2013
Chart Production Volume of Natural Gas in Shaanxi, 2009-2013
Chart Total Output Value of Petroleum and Natural Gas Exploitation Industry in Shaanxi, 2007-2013
Chart Production Volume of Natural Gas in Xinjiang, 2007-2013
Chart Forecast on Production Volume of Natural Gas in China, 2014-2018
Chart Forecast on Import Volume of LNG in China, 2014-2018
Chart Forecast on Apparent Consumption of Natural Gas in China, 2014-2018
