-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business
CNPC to cut gas supplies to industrial users
    2017-November-7  08:53    Shenzhen Daily

CHINA National Petroleum Corp. (CNPC) plans to reduce natural gas supplies to industrial users as it expects supply shortages this winter after millions of residential households were switched to gas for heating under a government program to reduce pollution.

CNPC, one of China’s top three gas producers, said it will cut supplies to industrial clients by a range of 3 percent to 10 percent, the China Youth Daily reported yesterday, quoting several unidentified sources.

The company expects a 12-percent jump in gas consumption from a year ago because of the residential switch.

CNPC will boost purchases of spot liquefied natural gas (LNG) cargoes and further lift the capacity of LNG receiving terminals, the newspaper reported. The company will also try to increase imports from Central Asian countries such as Kazakhstan.

The oil and gas producer said it can only provide about 76.5 billion cubic meters (bcm) of gas, even if it runs its gas fields and LNG terminals at full capacity and fully stocks its underground storage units, which is lower than the current demand of 81.3 bcm.

CNPC is the first natural gas producer to reduce supplies as China could be dealing with a supply shortage after the government has pushed more residents to use gas heating rather than coal heating. Under the new rules, residential users will have priority over industrial users in case there are supply curtailments.

China’s government moved the residential user onto gas to combat smog that typically develops from coal emissions in the winter as more coal is consumed to heat homes and run power plants.

The company has a working volume of 7.4 bcm at its natural gas storage sites, accounting for 5 percent of its annual sales plan, the newspaper reported.

(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn