World non-renewable energy discussion
- Thread starter tphuang
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China has already gotten 40 bcm from Central Asian pipeline this year. It can reach a maximum of 60 bcm. On top of this, POS1 is up to 15 bcm this year and will probably continue to increase next year. Domestic production has also been increasing quite a bit. I will need to check at end of the year where they are at. Basically, I don't think they are short from a natural gas point of view.
Looks like Sinopec detected another 140 bcm of shale gas reserves recently
Keep in mind that such a reserve is still limited by the daily extraction capabilities.
For example they had discovered another 387 bcm of shale gas last month in Sichuan, but the daily extraction for that is 250kcm, which is nothing
Another example here where raised production of oil field at Tarim sounds good until you do the calculation and it works out to be like 20 million barrels to far this year or under 0.1 bpd
Looks like Sinopec detected another 140 bcm of shale gas reserves recently
Keep in mind that such a reserve is still limited by the daily extraction capabilities.
For example they had discovered another 387 bcm of shale gas last month in Sichuan, but the daily extraction for that is 250kcm, which is nothing
Another example here where raised production of oil field at Tarim sounds good until you do the calculation and it works out to be like 20 million barrels to far this year or under 0.1 bpd
so Uzbekistan has stopped export of natural gas and China is probably quite effected.
Seems like this is related and also just general need from China for cheaper gas.
Seems like this is related and also just general need from China for cheaper gas.
oh, look at all that oil going in China's direction from Russia
That's part of the dilemma facing GCC countries. if you don't trade oil with China in RMB, Russia will. So you end up having to embrace Shanghai Petroleum and natural gas exchange.
That's part of the dilemma facing GCC countries. if you don't trade oil with China in RMB, Russia will. So you end up having to embrace Shanghai Petroleum and natural gas exchange.
Why would Chinese independent refiners need to fake the true origin of Venezuela/Iran oil？Unless they intend to sell the refined products to the US，otherwise most of these independent refiners are small private firms with little international exposure，they shouldn't care about US sanctions
so if they add this, then they can get maximum 85 bcm natural gas from Turkmenistan
That's on top of the 38 (or is it 48?) bcm they get from POS1 and 50 if they build POS2.
The sino Myanmar pipeline can expand to 12 bcm IIRC.
So that would be maximum of a little less than 200 bcm they can import. To me, there is not a lot more needed from LNG market, especially unfriendly countries like Australia and US if all this is completed.
To me, Iran made a huge mistake by not working harder to get a pipeline built to China. Now, it will miss all that business.
That's on top of the 38 (or is it 48?) bcm they get from POS1 and 50 if they build POS2.
The sino Myanmar pipeline can expand to 12 bcm IIRC.
So that would be maximum of a little less than 200 bcm they can import. To me, there is not a lot more needed from LNG market, especially unfriendly countries like Australia and US if all this is completed.
To me, Iran made a huge mistake by not working harder to get a pipeline built to China. Now, it will miss all that business.
To be honest IR didn't drop the ball on the pipeline, PK did.
There's a saying, 烂泥扶不上墙. PK has been doing poorly in economics for a while now and not for lack of aid.