The hottest natural gas tension extends from north

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The natural gas tension is spreading from north to South: the sudden natural gas tension in Sichuan, Chongqing and Yunnan is spreading from north to south, and has an impact on some downstream industries. It is learned from the industry that in order to obtain more gas consumption indicators, some local energy authorities even went to PetroChina to negotiate gas supply. With Sichuan, Chongqing and Yunnan being included in the list of industrial gas restrictions, domestic urea, methanol and other industries have been affected. At the same time, relevant parties from the government to enterprises have taken action one after another to jointly guarantee supply

the tension of natural gas is spreading southward, and the local energy director is going north to "strive for success"

an expert who knows the inside story revealed that the current tension of natural gas is relatively severe, especially the tension of heating and household gas, which has attracted high-level attention. Considering that the consumption of natural gas will be further increased in the coming severe winter, the relevant parties still consider giving priority to ensuring the gas consumption for people's livelihood. The measures taken include reducing the industrial gas production capacity, increasing interconnection and liquefied natural gas (LNG) procurement, starting some emergency standby coal-fired units, etc., but ultimately, people's livelihood should be protected through management

it is worth noting that the previous gas cut-off and gas restriction only occurred in North China, but recently it has spread to the South and appeared in Zhejiang, Jiangsu, Hubei and other places. Especially after late November, LNG in East China began to be nervous, only because many LNG terminals in Jiangsu and Zhejiang were sent to the northern provinces

in order to reduce the impact of gas restriction, some local energy authorities even went to PetroChina for negotiation. A message posted by an official of the Guizhou Provincial Energy Bureau showed that Zhang Yingwei, the director of the Bureau, recently visited PetroChina and introduced the supply demand of natural gas in Guizhou Province this winter and next spring to Zhang Fan, deputy general manager of PetroChina natural gas sales company. The latter said that they would give strong support to Guizhou's emerging markets, and stressed that the gas supply of LNG plants should not be one size fits all

Shanghai Securities News later learned from CNPC that in order to minimize the imbalance between supply and demand of natural gas caused by various factors, CNPC natural gas sales company has urgently launched an emergency plan, taking multiple measures to increase production and supply, strictly reduce industrial gas consumption in the oil system, orderly reduce direct supply to industrial users, and coordinate and cooperate with relevant regions and downstream users to ensure people's livelihood. In addition, according to PetroChina Changqing Oilfield, 10000 local gas wells have recently been at full capacity, achieving a production scale of 107.93 million wells and 115.5 million cubic meters of natural gas per day. Among them, measures have been taken to quantitatively analyze the production potential of some high-yield wells and strengthen the protection. For new wells, the construction progress has been accelerated and new forces to ensure supply in winter have been actively cultivated

in PetroChina Qinghai Oilfield, the daily average output of crude oil and natural gas has exceeded 6400 tons and 19million cubic meters respectively since the beginning of December, and the daily output has increased by more than 300 tons and more than 5 million cubic meters respectively year-on-year. In order to meet the demand of natural gas supply in winter, Qinghai Oilfield has formulated four sets of production and supply assurance plans, inverted the monthly natural gas production plan, and refined the output to the wellhead and posts, which can be described as all-out efforts

CNOOC, on the one hand, spared no effort to maintain a reasonable and stable LNG price. On the other hand, CNOOC introduced a series of measures to prevent malicious bid ups and violent operations. The caprolactam production plant in Antwerp is an important member of the company's engineering materials business sector. In addition, the company leased two LNG carriers from the international market and used offshore emergency storage tanks for the first time to improve the emergency supply capacity of natural gas

according to statistics, CNOOC arranged a total of 20billion cubic meters of natural gas this winter and next spring, actively promoted pipeline interconnection, and cooperated with brother units to ensure supply

"interconnection is a good way to solve the shortage of gas supply. Through this measure, PetroChina can keep more gas in the north to ensure supply, while the demand of the southern market is met by CNOOC. The shorter the gas supply distance, the stronger the supply capacity." Xu Bo, a natural gas expert at the market Institute of the economic and Technological Research Institute of CNPC, said

the industrial impact of limited industrial gas is prominent

and due to the shortage of pipeline gas, the downstream LNG liquefaction plant has also been greatly affected. In September, the operating rate of the liquid plant was 50%, which has now fallen to about 35%, resulting in a sharp decline in LNG production. Domestic natural gas supply fell from 45million m3/D to 35million m3/D, resulting in a huge gap between supply and demand and rising prices. Due to the limited supply of raw materials, as for demand, due to the lack of pipeline gas in many places, LNG can only be purchased for gasification

at the same time, due to the rapid rise of gas price in the north, the delivery price of LNG in the North has reached 8000-9000 yuan per ton, while the quotation in eastern China in the south is 5000 yuan/ton, and the quotation in southern China is only 4000 yuan/ton. There is a lot of arbitrage space in the South and North

it is reported that the soaring price of LNG is mainly due to the lack of price transmission mechanism and correct information guidance. The upstream of LNG is mainly purchased from PetroChina at the gate price, while the downstream follows the market, and the price transmission mechanism is inconsistent. As prices soared, domestic traders in the industry began to hype, intensifying tension, prompting downstream enterprises to purchase, further pushing up prices

"recently, the domestic LNG price has been too high, and the import volume is also increasing, leading to the rise of international prices." Laiyuankai, an expert on special government subsidies of the State Council and chairman of Shanghai Qingtai LNG Co., Ltd., said in an interview with Shanghai Securities News yesterday that the gas price in the South was only 3000 yuan/ton when it was the lowest, and has also risen recently

he believes that many liquefaction plants shut down before because of low gas prices, and will restart in the future. As the supply increases, the shortage of natural gas will eventually pass

however, with the soaring gas price, many industrial users can no longer afford it. After completing this round of orders, they may not receive new orders in January. The average operating rate of LNG filling stations decreased by 30%, and some chose to shut down

in addition, last weekend, it was rumored that the two major oil groups had informed all chemical fertilizer and chemical enterprises in Sichuan and Chongqing, including gas head urea and gas head methanol manufacturers, to shut down from the 8th to ensure the gas consumption in North China. Shanghai Securities News learned from the industry that the above situation is basically true, and not only Sichuan and Chongqing, but also Yunnan, are among the gas restrictions. Since August 8, some gas head enterprises in Southwest China have started to stop, including Yuntianhua, which has also received gas restriction notices. With the change of market mentality, some manufacturers are brewing price increases, and it is expected that the prices of urea and methanol products will be boosted in the future

"it is also a practice to shut down industrial gas when gas consumption is tight, and it is the same in foreign countries. After all, most of the previously developed gas head industrial users are 'interruptible users' - they previously enjoyed a more favorable gas price, but the agreement agreed to shut down in a critical moment." Xu Bo said

however, this shutdown will still have a great impact on related industries in the short term. At present, the actual production capacity of urea in China is 79million tons, of which TECHNYL reg; Redx has become an ideal solution for demanding harsh charge air coolers, with a head capacity of about 18million tons, and about 5million tons in Sichuan and Chongqing, accounting for 6% of the national capacity. Last month, the domestic urea operating rate was 57%. If the gas head production capacity in Sichuan and Chongqing is shut down, it will affect the operating rate of 2%, and if the national gas head urea production capacity is shut down, it will affect the operating rate of 13%. The industry expects that when the peak season of fertilizer preparation comes in spring, the price of urea may rise sharply

in terms of methanol, the current domestic capacity is 68.3 million tons, of which the gas head capacity accounts for nearly 10%, and the capacity in Sichuan and Chongqing accounts for more than 5%. According to the information obtained by Shanghai Securities News, many methanol manufacturers using natural gas as raw material in Southwest China have announced shutdown or production reduction. Among them, Sven vinylon plant plans to stop for maintenance on December 15, and the maintenance is expected to last for days; Jiuyuan chemical stopped on December 10, and the restart time has not been determined; The 200000 tons of coke oven gas to methanol plant and 200000 tons of natural gas to methanol plant such as sewage treatment and pipeline system of Sichuan Dagang were operated at reduced load, and the 100000 tons of coke oven gas to methanol plant was shut down; Yunnan Yunwei 370000 ton methanol plant is permanently shut down, and 300000 ton methanol plant is under low load production

with the increase of parking manufacturers, the market price of methanol in Southwest China rose sharply on the 11th. Among them, the mainstream price of manufacturers in Sichuan is yuan/ton, up yuan/ton from the previous day; The price of manufacturers in Chongqing is temporarily quoted at 3300 yuan/ton; The mainstream price of Yunnan, which is mainly sold to ports, is about 3400 yuan/ton, up 200 yuan/ton from last Friday, and shipments are tight

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