China’s LNG supply drops drastically on unit shutdowns

20 December 2012 07:35  [Source: ICIS news]

SINGAPORE (ICIS)--China’s domestic supply of liquefied natural gas (LNG) has declined significantly as a result of unit shutdowns of two major producers in northwest China on 18-19 December, market sources said on Thursday.

Shaanxi Yanchang Petroleum (Group) shut its 1 million cubic metre (cbm)/day liquefaction plant at Yanan on 18 December for three-day maintenance due to a unit glitch, according to a source from Jingkou Petroleum, a major distributor of Yanchang’s LNG outputs.

The company is currently running a 500,000cbm/day liquefaction plant also at Yanan at 90% capacity, the source added.

Meanwhile, Ningxia Hanas New Energy Group also shut its 3m cbm/day LNG plant at Yinchuan in Ningxia Hui autonomous region on 19 December in view of unit problems, a company source said.

The company is expected to restart the unit on 24 December, the source added.

LNG outputs from the two plants were about 1.65m cbm/day before the shutdowns, the sources went on to add.

A few LNG producers based in north and northwest China raised their prices today by around yuan (CNY) 200/tonne   because of tight supply, company sources said.


By: Jane Han



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