Chinese Economics Thread

[Godzilla]

It's just process technology, if you have good process engineers, you can commission it. The problem is royalty payment, which i doubt Russia will care. But it will take time to replace the membranes, etc, i believe alot of components are Chinese made.

My colleague just came from Novatek and he says Russia is proceeding with the project even without Technip, Technip is essentially just a EPC contractor, no technology whatsoever except subsea but they spun it off recently. I was from Technip previously.

umm.. No.. it doesn't work like that. I wouldn’t be so confident in what the Russians say. Technip and co mobilised around end of 2019 to the mod yards and the modules for train 1 should have only got there end of 21. They wouldn’t have been anywhere near finishing the hookups before the war and wouldn’t have gone far in terms of completions. In fact I doubt they handed over the MDRs for the modules yet. It’s gonna be a nightmare piecing all the traceability together if that’s the case.
Technip and co would not have shipped the commissioning spares to site yet. Those 3 MR compressors and MCHE vessels don’t fit like a glove first time.
We also don’t pay the vendors to sit around doing nothing, Technip won’t do much but apci will be running everything after the bump test to the 72 hour. Good luck without these reps.
It’s not all novatek money, with the Chinese component, i would say they do what they can and just stretch it out till the war is over to resume instead of blowing all the cash for nothing. China can wait for LNG, Russia ain’t the only seller.

 

[pmc]

umm.. No.. it doesn't work like that. I wouldn’t be so confident in what the Russians say. Technip and co mobilised around end of 2019 to the mod yards and the modules for train 1 should have only got there end of 21. They wouldn’t have been anywhere near finishing the hookups before the war and wouldn’t have gone far in terms of completions. In fact I doubt they handed over the MDRs for the modules yet. It’s gonna be a nightmare piecing all the traceability together if that’s the case.
Technip and co would not have shipped the commissioning spares to site yet. Those 3 MR compressors and MCHE vessels don’t fit like a glove first time.
We also don’t pay the vendors to sit around doing nothing, Technip won’t do much but apci will be running everything after the bump test to the 72 hour. Good luck without these reps.
It’s not all novatek money, with the Chinese component, i would say they do what they can and just stretch it out till the war is over to resume instead of blowing all the cash for nothing. China can wait for LNG, Russia ain’t the only seller.

if you mean this project. than it will continue.

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[gelgoog]

They also said Russia could not get the Siemens gas turbines working in the Crimea thermal power plant without Siemens' precious assistance. And they did.

For whatever reason you seem to think a country which makes its own gas turbines and liquid fueled rockets with LOX oxidizer cannot install something like this.

 

[Godzilla]

They also said Russia could not get the Siemens gas turbines working in the Crimea thermal power plant without Siemens' precious assistance. And they did.

For whatever reason you seem to think a country which makes its own gas turbines and liquid fueled rockets with LOX oxidizer cannot install something like this.

How much is this going to cost to make it work? How long is it going to take? Pmc’s links showed that Mitsui and Total are still in it for the gas, so the project isn’t ending anytime soon. It also said that the yards are still working with novatek, after stopping earlier. The yards can give the paperwork trail and have whatever free issue material still there so it’s good in that aspect. It also said BH pulled out but the 4 lm9000s will be used on the trains instead of power, which is also good since it won’t take much mod for that. Somehow Turks coming up with 400mw power ships is also mooted as a solution, fine with what gensets? Let’s assume that works too. What’s going to replace the MCHE unit from APCI?
sure Russia might have tech for LNG, but does it have anything at the 5mtpa per train scale that the plant is designed for? How long to build and fab that unit? Are the utilities and everything else sized for that? Doubt it, so how long to swap everything out? How much is that going to cost?
You know, post the Russian invasion, how many actual new LNG plants have actually been given the financial green light? 0 to my knowledge. (Maybe the Bechtel one this month?) tells me the suppliers are adopting a wait and see approach. I mean, even the likes of total while securing offtakes elsewhere but not pressing the FID button and still have a leg on this project tells me that people are adopting a wait and see approach.
what I am saying is they are gonna feed the media with what they need to hear and just slowly churn towards the end goal and praying that things turn around by end of next year and resume on the old processes to make it worth everyone’s while.

 

[gelgoog]

The contract for the Turks to build the floating power station seems kinda bonkers to me. Like you said where will they get the generator units. I think it makes more sense to build Project 20870 floating nuclear power plants to generate the power if it came to that. Russia is currently building one such barge with twin RITM-200S nuclear reactors for a gold and copper mine in Eastern Siberia.

Eventually it might be possible to build something with Russian gas turbines. UEC Saturn has the GTD-110M gas turbine with 115 MW power. While Russian Gas Turbines has the 6F.03 gas turbine with 82 MW power.

 

[In4ser]

Oh they mad

This dude literally conducted a poll on YouTube between Zeihan and Dalio about China, where Zeihan won before releasing this video. Talking about pandering content to your audience.

 

[BlackWindMnt]

Oh they mad

All the western mainstream and boosted youtube analyst when it comes to China.

 

[antiterror13]

China and the US now account for half the world's household wealth. I thought India had more wealth than France or the UK, apparently not

 

[Strangelove]

Priorities...

 

[gadgetcool5]

China’s Tencent wins first game licence in 18 months​

China’s gaming regulator approves 70 new titles after earlier nine-month freeze on releases.

China’s gaming regulator, the National Press and Publication Administration, on Thursday said it had approved 70 new titles in November, including Tencent’s action game “Metal Slug: Awakening” and a role-playing game “Journey to the West: Return” by rival NetEase.

Gaming licences are mandatory for video games to be published and sold in the Chinese market.

The last time Tencent obtained a big license was in May 2021.

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Thank god. Gaming may not seem like much, but it's an important source of revenue for Chinese tech companies, which can then plough that money into areas like R&D. Further, it's a source of end user demand for advanced and fast chips, which then brings revenue into the hardware sector as well.