14 February 2014 07:00 [Source: ICIS news]
SINGAPORE (ICIS)--China Natural Gas Corp is planning to shut its 2 million cubic metre (mcm)/day gas liquefaction plant at Yan’an in Shaanxi province on 10 March for a routine turnaround, a company source said on Friday.
The turnaround is likely to last for 30-35 days, the source said.
The consequent tightening of supply from the shutdown would boost the liquefied natural gas (LNG) market in Shaanxi, against the backdrop of an expected improvement in demand in March as industrial consumers resume their operations, industry sources said.
However, end-user demand is usually soft during the spring season in China, the sources said, adding that supply may climb significantly in 2014 with new projects in the pipeline. Hence, this may limit the impact of the shutdown.
China is likely to bring on line more than 60mcm/day of liquefaction capacities in 2014, according to data compiled by ICIS C1 Energy.
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