The hottest natural gas price will be adjusted, an

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By the end of the year, the natural gas price will be changed to a mixed model. Its development and utilization have given birth to a new discipline - regenerative medicine. On the eve that the natural gas price is about to be in line with international standards, Sinopec has a timely share

On November 4, Sinopec announced that it had signed a long-term liquefied natural gas (LNG) supply framework agreement with Esso heights Co., Ltd., a subsidiary of ExxonMobil. This is the first time Sinopec has imported LNG from overseas. The major reason for Sinopec to take this step is the natural gas price reform

it is understood that the reform of natural gas pricing mechanism is expected to include the working measuring instruments listed in the national compulsory measurement verification catalogue at the end of the year, the measuring standards included in the scope of measurement standard assessment and the main supporting equipment. There must be new actions for measurement verification. The current general direction is to establish a reasonable price mechanism combining natural gas and alternative energy, and the price of natural gas will form a reasonable price comparison relationship with the price of fuel oil and refined oil. At that time, the ex factory price of natural gas may be increased by 20% - 30%

applicable materials: petrochemicals such as metal and non-metallic materials are the first to import LNG

although the gap between the relatively high import price and the domestic low price has brought many problems to the domestic natural gas operation and sales for many years, with the natural gas price reform approaching, PetroChina, Sinopec and CNOOC have also increased their competition for the natural gas market

according to Sinopec's latest LNG import agreement, Sinopec will import 2million tons/year of LNG from Papua New Guinea. Before that, Sinopec was the only one of the three giants that did not expand overseas gas sources. It is reported that PNG LNG project is an integrated development project including oil and gas production and treatment facilities, with land and offshore pipelines and LNG plant facilities. In this project, ExxonMobil is operated and owned by Esso heights Co., Ltd. with a share of 41.5%

according to the data, since CNOOC began to import LNG in 2002, PetroChina and CNOOC have signed dozens of long-term LNG supply agreements with ExxonMobil, BP, total and other international oil giants, and Sinopec has not been seen in these agreements

"due to the high price of imported LNG and the low price of natural gas for different materials in China, imported LNG has little profit space. In addition, Sinopec's previous business was mainly concentrated in the downstream, so it rarely involved in the imported LNG business." An insider of Sinopec told me. However, at present, domestic natural gas demand is increasing, showing a huge development prospect, and Sinopec is also beginning to look forward to this market

according to official statistics, China's natural gas supply was about 80billion cubic meters in 2008, and China's natural gas demand is expected to reach 110billion cubic meters in 2010, when the domestic gap will reach 20billion cubic meters. It is estimated that by 2020, the proportion of natural gas in primary energy consumption will increase from the current 2.7% to more than 10%

Shandong is the first choice for the layout of the three giants

in the face of the huge potential market in China, the three giants all took aim at Shandong when sketching the natural gas territory

Wang Zhigang, senior vice president of Sinopec, said that the LNG resources newly signed by Sinopec will be supplied to the LNG terminal established by Sinopec in Qingdao, Shandong Province, which is the only planned LNG terminal at present. The initial design plan of Sinopec Sichuan East gas transmission pipeline was to transport the natural gas from Puguang gas field to Shandong. At present, Sinopec has built the Jiaozhou Rizhao natural gas pipeline in Shandong, which was put into operation in June this year, with an annual gas transmission capacity of 1.7 billion cubic meters

recently, PetroChina has just signed a cooperation document with the Shandong provincial government to jointly invest in the establishment of Shandong natural gas pipeline company. It is planned that by 2020, PetroChina will invest nearly 50billion yuan in Shandong to build natural gas pipelines and supporting facilities. On the day of signing the document, the pipeline project from Tai'an to Weihai was commenced in Tai'an high tech Zone

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