China’s focus on self-sufficiency will not hold back LNG demand [Gas in Transition]
May 4, 2021 5:15:am
Summary The focus of China’s 14th Five-Year Plan is self sufficiency with an implied short-term increase in coal use and a major effort to boost domestic gas production, alongside rapidly expanding renewables and nuclear capacity in electricity generation. Yet even as gas imports along the new Power of Siberia ramp up, China’s demand for LNG is expected to grow fast. Projections of 80-110bn m3/year by 2025 could well prove low, given LNG’s flexibility in meeting demand variations, possible shortfalls in targeted domestic gas output and gradual liberalisation of the gas market. [Gas in Transition, Volume 1, Issue 1]
Global commodity price spike to have limited impact on China s prices
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The fourth session of the 13th National People s Congress (NPC) opens at the Great Hall of the People in Beijing, capital of China, March 5, 2021. - Xinhua
BEIJING: China s decision not to set an economic growth target for its new five-year plan will give policymakers more room to account for uncertainties and respond to changes, a senior state planner official said on Monday.
In its 2021-2025 economic plan delivered to the nation s legislature on Friday, China did not include any average annual growth targets, unlike the previous five-year plan issued in 2016.
It did, however, pledge to keep growth in a reasonable range over the five-year period and set an annual gross domestic product target of above 6% for the current year, having dropped the 2020 target last year amid global uncertainties caused by the pandemic.
Alibaba Group Holding Ltd s $5 billion U.S.-dollar bond offering received demand for eight times the debt offered, underscoring global investors faith in founder Jack Ma s e-commerce behemoth despite a regulatory crackdown on his empire.
Pricing for the deal was set on Friday tighter than initially flagged by the company on Thursday, indicating robust demand to buy the rare debt float. The latest international bond offering is Alibaba s third, according to data from Refinitiv.
Several sovereign wealth funds were among the buyers, along with high profile U.S. long-only funds, a person with direct knowledge of the deal told Reuters, adding demand was extremely strong across the various maturity-tranches.
China meets its winter needs [NGW Magazine]
Jan 13, 2021 7:15:am
Summary So far, China has managed to cope with the cold weather while its financial involvement in some LNG projects allows it to benefit from cheaper oil indexation. [NGW Magazine Volume 6, Issue 1]
by: Shi Weijun
China’s gas market has so far avoided shortages this winter thanks to adequate preparations that include improving infrastructure flexibility, fuller storage, robust domestic production, and plentiful imports.
But as the country approaches the midpoint of its heating season, uncertainties remain and cold weather could easily disturb the fine balance in the market.
Gas supply has proved resilient in China’s heating season so far with no reports of shortages in Chinese media or on social networks. The four-month heating season runs from November to March, and that is when cities in northern China use district heating systems that in recent years have been increasingly fue
vimarsana © 2020. All Rights Reserved.