Latest SZ China Reports Updates

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012 [Apr. 25, 2012]
• SZ China Natural Gas Quarterly Report Q1 2012 [Apr. 3, 2012]
• SZ China Refining Monthly Report-Mar’2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 16-31,2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 1-15,2012 [Apr. 2, 2012]

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012
  [Apr. 25, 2012] 
• SZ China Natural Gas Quarterly Report Q1 2012
  [Apr. 3, 2012] 
• SZ China Refining Monthly Report-Mar’2012
  [Apr. 2, 2012] 

• SZ China LPG Prices Daily Alert May 15, 2012
  [May 15, 2012] 
• SZ China LPG Prices Daily Alert May 14, 2012
  [May 14, 2012] 
• SZ China LPG Prices Daily Alert May 11, 2012
  [May 11, 2012] 

[Apr. 16, 2012] Chinese shipyards are expected to deliver the first of 12 supertankers to Iranian oil shipping operator NITC in May, two months ahead of a European ban that would make it difficult for most of the world’s fleet to carry the OPEC member’s oil.

[Apr. 13, 2012] Cheniere Energy Inc. (LNG) (LNG), the natural gas importer that lost $1.2 billion in a decade, is poised to become the sole U.S. exporter of fuel from the shale bonanza that’s turned the nation into the world’s biggest gas producer.

[Apr. 12, 2012] China Ocean Shipping Group Co. (COSCZ), the nation’s biggest sea-cargo carrier, said a government-backed insurer will cover oil shipments from Iran so deliveries aren’t disrupted by European trade sanctions.

[Apr. 11, 2012] China’s crude-oil imports jumped to near-record levels in March, bolstering the belief among some energy analysts that the country is again hoarding oil for its strategic reserves.

[Mar. 5, 2012]  China will "push forward" with building phase-two strategic oil reserve sites, Liu Tienan, head of the China National Energy Administration told reporters on Monday.Liu didn’t give further details when asked about progress on the reserve b

[Mar. 2, 2012] China is setting up emergency oil- storage facilities at Shanshan in western China, Jintan and Zhoushan in the east and Huizhou in the south, according to China Oil, Gas & Petrochemicals.The four centers are part of the second phase of the country&rsq

[Feb. 24, 2012] Sinopec Kantons Holdings Ltd<0934> intends to raise HK$3.49 billion or around US$451 million via a rights issue to fund proposed acquisitions, sources reported. The Hong Kong-listed firm will issue one new share for each one existing share held by shareholders. A total of 1.04 billion rights shares will be issued at a price of HK$3.37 apiece, a 30.94% discount to its closing price of HK$4.88 on Feb. 21.

[Feb. 24, 2012] Reuters reported that China National Petroleum Corporation is planning a logistics hub in Dubai to minimize possible disruptions from geopolitical risks in the Mena.

[Feb. 14, 2012]  The following table shows planned and operational sites for emergency crude storage in China, according to government data reported by state-owned oil companies, official media and the International Energy Agency.The world’s largest energy-consuming

[Feb. 13, 2012] Eight additional storage bases will provide total capacity of 170 m barrels. China will finish building the second phase of its strategic oil reserve project this year, providing a total storage capacity of 170 million barrels, China National Petroleum Co

[Feb. 8, 2012] China is the biggest recipient of oil hauled on the largest tankers, said Braemar Seascope Ltd.Forty percent of very large crude carriers booked for single voyages discharged their cargoes in China last month, twice as many as in 2005, the London-based sh

[Feb. 8, 2012] Unipec, the trading unit of China’s largest refiner, booked a supertanker to ship Iranian crude this month as the Persian Gulf nation continues to supply its biggest customer before Europe bans its oil exports.State-owned China International United

[Feb. 6, 2012] Refined oil products storage operated by China National Petroleum Corp (CNPC) surpassed 16 million cubic metres at the end of last year and service stations increased to 19,000, China Petroleum Daily reported on Monday, citing a PetroChina Co executive.CN

[Feb. 2, 2012]  The third-largest crude oil reserve base in China has begun operating in Hebei province in the north of the country.The base, in the Caofeidian industrial zone owned by China Petrochemical Corp., known as Sinopec Group, was put into operation Tuesda

[Feb. 2, 2012] China Petroleum & Chemical Corp.’s fuel-oil unit signed a term-supply agreement to provide bunker fuel to a Chinese ship at port in Panama.The contract is the unit’s first overseas term-supply deal, parent China Petrochemical Corp. said to

[Feb. 2, 2012] Sinopec Group, parent of top Asian refiner Sinopec Corp , has begun operating a 20 million-barrel crude oil reserve base in northern China, the official Xinhua news agency said on Wednesday.The storage in Caofeidian area of Hebei province contains 32 tank

[Jan. 31, 2012] The first director of China’s National Energy Administration (NEA) recently said that China had successfully completed its Phase-I project of oil strategic reserve.

[Jan. 31, 2012] The shutdown in Sudanese oil supply could drive up already record premiums on spot crude markets as top Sudan customers China and Japan scramble for alternatives even as they weigh the impact on oil flows of international sanctions on Iran. South Sudan has shut down its oil output, estimated at around 350,000 barrels per day (bpd), as it and neighbour Sudan row over how to disentangle their oil industries, borders and debt.

[Jan. 31, 2012] Iran’s threat of blocking the Strait of Hormuz, a major oil trading region, has served as a wake-up call to Beijing that it is time for China to develop its own petrol stockpiles to face future potential energy crises.

[Jan. 31, 2012] PetroChina Tarim Oilfield Co. discovered an additional 500 million tons of proven, probable and possible (3P) oil and gas reserves in the Tarim Oilfield last year, Ren Nijun, a PetroChina Tarim spokesperson, told Interfax on Monday.

[Jan. 30, 2012] CHINA Petroleum and Chemical Corp.’s (Sinopec Corp.) plan to build a 3 million ton-per year import terminal of liquefied natural gas (LNG) in South China is expected to win final State approval soon, a source with direct knowledge of the US$2.8 bill

[Jan. 30, 2012] China has finished the initial construction of its strategic oil reserves of 110 million barrels, and will gradually raise the volume to 500 million barrels, or an equivalent to 90 days of oil imports, by 2020, news portal sina.com.cn reported Saturday.By

[Jan. 29, 2012] Crude-oil shipments aboard supertankers bound for China fell 21 percent this week, according to ship-tracking data compiled by Bloomberg.Vessels with a total carrying capacity of 14.2 million deadweight tons are heading for the Asian nation, down from 17.

[Jan. 29, 2012] China has hired at least two supertankers to ship oil from Iran as the U.S. and allies try to cut the Islamic Republic’s oil income to pressure it over its nuclear program.The two supertankers were booked to carry about 2 million barrels of crude fr

[Jan. 20, 2012] Port workers in East China’s Jiangsu province are still working to salvage an offshore oilfield vessel that capsized during construction on Jan 14.The ship, worth 740 million yuan ($117 million), was reported to have sunk during a test voyage in the harbo

[Jan. 18, 2012] Odfjell SE has announced a joint venture with Tianjin Economic-Technology Development Area (TEDA) to develop a new terminal and marine facility at Nangang Industrial Zone in Tianjin, China.The new terminal will handle bulk liquid chemicals, petroleum and

[Jan. 18, 2012] China is a force to be reckoned with in the international oil market.It is today the world’s second-largest oil consumer, after the mighty U.S. And an increasing amount of China’s oil use is being supplied by imports. In 2009, China’s import crude volume

[Jan. 10, 2012] A joint venture between Royal Dutch Shell Plc’s China units and Tianjin State Farms Agribusiness Group Co will build a 200,000 cubic metre oil products storage facility in the northern city of Tianjin, a local development agency said.Tianjin Nangang Indus

[Jan. 9, 2012] Crude-oil shipments aboard supertankers bound for China climbed 11 percent this week, according to ship-tracking data compiled by Bloomberg.Vessels with a total carrying capacity of 18.1 million deadweight tons are heading for the Asian nation, up from 16

[Jan. 6, 2012] Despite tough conditions in the global shipping market, China Shipbuilding Industry Corp (CSIC), one of the country’s major shipbuilding conglomerates, maintained steady business last year, said a company official.To cope with market conditions, the compa

[Jan. 4, 2012] Lack of supplies drives transport operators to frustration, Tang Yue reports from Hunan province.Hu Libing, 40, normally brings in 500 yuan ($79) for a 12-hour day driving a taxi in Changsha from 6 am. But winter can be a chilly time of year, both in term

[Dec. 30, 2011] Offshore engineering equipment consists of exploration equipment, drilling facility, production equipment and auxiliary equipment. Production platforms include fixed platforms and floating platforms, and the latter are the mainstream in the current market

[Dec. 29, 2011] PetroChina Co. (857), the nation’s largest gas producer, started commercial operations at its liquefied natural gas terminal in Dalian, said parent China National Petroleum Corp. in its online newsletter today.The terminal started delivering gas on

[Dec. 28, 2011] China’s COSCO (Dalian) Shipyard Co., Ltd. has secured a contract to convert the VLCC Sunrise Jewel to a Floating Production Storage and Offloading (FPSO) vessel for a Japanese shipowner.The FPSO is designed to operate for 20 years without drydocking.It wi

[Dec. 26, 2011] Crude-oil shipments hauled by supertankers bound for China fell 3.7 percent this week, according to ship-tracking data compiled by Bloomberg.Vessels with a total carrying capacity of 15.8 million deadweight tons are heading for the Asian nation, down from

[Dec. 22, 2011] Hutchison Whampoa and Huizhou Port Affairs Group have announced completion of construction work on Huizhou Port container berth.The Huizhou Port container berth will start trial operation by the beginning of 2012.Hutchison Whampoa and Huizhou Port Affairs

[Dec. 22, 2011] Guangsha Group started the construction of its Huangzeshan Crude Oil Transportation and Storage Project in the Zhoushan Islands in eastern China’s Zhejiang province on Dec. 18.This is the first time for a private enterprise in China to carry out cru

[Dec. 21, 2011] PetroChina began pumping gas into northeast China pipelines from Dalian’s liquefied natural gas receiving terminal on Saturday, marking the start in operations of its second terminal, the China Petroleum Daily reported on Tuesday. Dalian, also China’s fifth import terminal, received its first cargo of the super-chilled gas on Nov. 16 and planned to send gas into pipelines before the year-end.

[Dec. 19, 2011]  With an expanding network of pipelines carrying gas from Central Asia and a string of new liquefied natural gas (LNG) terminals under construction along China’s east coast, industry experts have put forward contrasting perspectives on how China is l

[Dec. 19, 2011]  A leading petrochemical storage and logistics company in China-Sinopec Kantons Holdings Limited together with other subsidiary companies, is pleased to announce its signing of Acquisition Agreements with its parent company, China Petroleum & Che

[Dec. 16, 2011]  China has started pumping oil into new reserve tanks in its landlocked northwest since September, in a move that may have swelled the country’s crude imports to a peak in November and is likely to bolster its imports in December. An estimated 17 mil

[Dec. 15, 2011] A foreign container vessel carrying 106 tonnes of oil was successfully tugged to a local shipyard for repairs after being stranded for 15 days near Shanghai.The Antigua and Barbuda-registered vessel was rescue by the Shanghai Ministry of Transport and all

[Dec. 15, 2011] China National Offshore Oil Corp. (CNOOC) has commissioned the Tianjin Design Institute, a unit of China National Petroleum Corp. (CNPC), to design an onshore terminal for the Lishui (LS) 36-1 gasfield in the East China Sea, CNPC announced Dec. 13.

[Dec. 9, 2011] A significant order from a Chinese buyer for new crude-oil tankers has fuelled speculation that China is preparing a series of huge ship orders.The orders would support employment in the country’s shipbuilding industry but flood struggling shipping

[Dec. 6, 2011] China and Turkey have signed a natural gas storageagreement.Turkey’s state-owned Botas has contracted China’s Tianchen Engineeringto build a gas depository under Turkey’s Lake Tuz in Central Anatolia. Underthe agreement, reported at $559

[Dec. 6, 2011]  Sinopec Kantons Holdings Ltd<0934> announced on Dec. 4 it plans to acquire five joint ventures, which are engaged in crude oil loading businesses, from its parent company Sinopec Corp<600028><0386><SNP>, the largest refiner i

[Dec. 6, 2011] Work began very recently on a crude oil terminal - as China’s largest commercial oil storage base - in Yangpu Economic Development Zone, is expected to serve all of South China and ASEAN countries as well.Work on the 7-billion-yuan project began on Nov 28

[Dec. 6, 2011] China National Offshore Oil Corp. (CNOOC) announced on Friday it has signed a cooperation framework agreement with Yantai Port Group Ltd. to build a floating storage and regasification unit (FSRU) project in Shandong Province’s Yantai City.

[Dec. 1, 2011] Construction has started on an oil wharf at Yangpu Port on the island province of Hainan, according to SDIC Yangpu Port Corp. a state-owned port operator and one of the project’s investors.

[Dec. 1, 2011] China largest refiner Sinopec Corporation has started operations at a new 1.45 million cubic meter commercial crude storage facilities at Cezi Island in east China’s Zhejiang province, its state-owned parent China Petrochemical Corporation, or Sinopec Gro

[Dec. 1, 2011] China National Offshore Oil Corp. (CNOOC Group) said that it planned to construct the country’s first floating liquefied natural gas (LNG) receiving and storage facility, reported Reuters.The company added that the USD892.84 million facility would be loca

[Nov. 30, 2011] China largest refiner Sinopec Corporation has started operations at a new 1.45 million cubic meter commercial crude storage facilities at Cezi Island in east China’s Zhejiang province, its state-owned parent China Petrochemical Corporation, or Sinopec Gro

[Nov. 30, 2011]  China National Offshore Oil Corp (CNOOC Group) will build the country’s first floating liquefied natural gas (LNG) receiving and storage facility off the northern city of Tianjin, state media and industry officials said.The project, costing 5.7 bill

[Nov. 23, 2011] Two large oil tanks caught fire in the northeastern Chinese port city of Dalian on Tuesday, and no casualties have been reported, local government said.The accident happened at about 6:35 p.m. at a dock of the Dalian Port, and it took hundreds of firefigh

[Nov. 23, 2011]  Two oil reservoirs with a capacity of 100,000 tonnes each went up in flames in the port city of Dalian in northeast China on Tuesday, according to state television broadcaster CCTV."More than 700 firemen and 180 pumps were sent to the scene. Af

[Nov. 22, 2011] PetroChina will begin commissioning its 3 million mt/year Dalian LNG terminal in mid-November, market sources said Friday.A source close to the company said the exact date was not yet known but the cargo was coming from Qatar.PetroChina did not confirm th

[Nov. 22, 2011] PetroChina will begin commissioning its 3 million mt/year Dalian LNG terminal in mid-November, market sources said Friday.A source close to the company said the exact date was not yet known but the cargo was coming from Qatar.PetroChina did not confirm th

[Nov. 22, 2011] Reuters reported that Qatar delivered its first super tanker cargo of liquefied natural gas to PetroChina under a long term agreement.Qatargas said that delivered onboard the Q-Max vessel, Bu Samra this is the first Qatari LNG Q-Max cargo delivered to Pet

[Nov. 21, 2011]  Qatargas yesterday delivered its first Q-Max Liquefied Natural Gas (LNG) cargo to China, delivered by  the Q-Max vessel, Bu Samra.This is the first Qatari LNG Q-Max cargo delivered to PetroChina’s recently commissioned LNG receiving termi

[Nov. 21, 2011] A domestic fleet of five tankers has been transporting the bulk of China’s term shipments of liquefied natural gas (LNG) from two suppliers in Asia.

[Nov. 21, 2011] Qatargas today delivered its first Q-Max Liquefied Natural Gas (LNG) cargo to the People’s Republic of China.Delivered onboard the Q-Max vessel, Bu Samra, this is the first Qatari LNG Q-Max cargo delivered to PetroChina’s recently commissioned

[Nov. 11, 2011] PetroChina Dagang Oilfield Co. (PetroChina Dagang) is studying the possibility of using an aquifer in Tianjin Municipality to store natural gas, a development that would be a first in China, Liu Yanping, director of PetroChina Dagang’s Drilling and Explor

[Nov. 10, 2011]  China National Petroleum Corp. (CNPC), the country’s largest oil and gas producer, has begun operations at the first phase of its liquefied natural gas (LNG) receiving terminal in Jiangsu Province, CNPC announced today.

[Nov. 10, 2011]  Zhangjiagang Furui Special Equipment Co. Ltd. (Furui), a liquefied natural gas (LNG) supply chain provider, will invest RMB 60 million ($9.49 million) to boost production of gas storage tanks and LNG containers, Furui announced Nov. 8.

[Nov. 10, 2011] Longwei Petroleum Investment Holding Ltd. (NYSE Amex: LPH) ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People’s Republic of China ("PRC"), toda

[Nov. 9, 2011] China Ocean Shipping (Group) Company (COSCO), the country’s largest State-owned shipping conglomerate, is unlikely to buy or operate a giant bulk-carrier fleet currently owned by the Brazilian miner Vale SA, said Ma Zehua, president of COSCO Group."W

[Nov. 8, 2011] The first vessel designed by Havyard group in Norway to be built in China has been launched.The vessel from the Herøy-based company is of Havyard 843 design and was launched at Yuexin Shipbuilding on 28 October.The AHTS will be named

[Nov. 8, 2011] China Petrochemical Corp. (Sinopec Group), China’s second-largest oil and gas producer, will build a liquefied natural gas (LNG) terminal in Zhejiang Province’s Wenzhou City, an official with the Wenzhou arm of the National Development and Reform Commissi

[Nov. 2, 2011] Shanghai. November 1. INTERFAX-CHINA - China National Offshore Oil Corp. (CNOOC) is planning a floating storage and regasification unit (FSRU) project in Tianjin Municipality’s Harbor Economic Area, a CNOOC official, Zhang Shunlin, confirmed to Interfax N

[Oct. 31, 2011] Companies from Royal Dutch Shell Plc to China National Petroleum Corp. are planning the first LNG shipping terminals on the west coast of Canada as fuel demand from Asia is set to replace sales to the U.S.The record difference between the price of Canadia

[Oct. 31, 2011] Interfax cited Mr Nikolai Tokarev president of oil pipeline monopoly Transneft as saying that Russia could increase oil shipments to China in future.He said that "We do not rule out that these volumes could be increased in time, as China is experienc

[Oct. 31, 2011] Crude oil shipments bound for China jumped 9 percent this week, according to ship-tracking data compiled by Bloomberg News.Ships with a total carrying capacity of 16.2 million deadweight tons are sailing for China, up from 14.9 million tons in the week en

[Oct. 28, 2011]  Sinopacific Shipbuilding Group, one of China’s leading privately-funded shipyards, completed the delivery of two offshore support vessels (OSV) to Norwegian Neptune Offshore AS at its Zhejiang Shipyard in Ningbo Zhejiang province on Thursday.The two

[Oct. 26, 2011] Preparations are under way for the WZ 6-12 and WZ 12-8 West oil field development in the Beibu Gulf offshore China.According to partner Roc Oil, basic engineering design for platform and pipeline facilities is 100% complete, with award of the detail desig

[Oct. 26, 2011] Shanghai. October 25. INTERFAX-CHINA - Shenzhen Stock Exchange-listed Sinoma Science & Technology Co. Ltd. (Sinoma), a fiber composite product manufacturer, has signed a strategic cooperation agreement with the Xinjin county government in Chengdu, cap

[Oct. 24, 2011]  PetroChina is joining forces with Beijing Enterprises and China Suntien Green Energy Co. to build and operate a liquefied natural gas (LNG) terminal in Caofeidian harbor of Tangshan, north China, according to several local media reports.The LNG term

[Oct. 24, 2011] Reuters reported that Jingsu Hengli Highpressure Oil Cylinder Co will raise CNY 2.4 billion from an initial public offering in Shanghai after pricing its shares at the top of a narrow range as China key stock index hovers near a 31-month low.The maker of

[Oct. 17, 2011] Reuters reported that Russian oil pipeline monopoly Transneft halted oil shipments to China on the ESPO line following an earthquake in the Russian Far East on Friday but that the pipeline was not damaged and deliveries could restart on Friday.A company s

[Oct. 9, 2011] Singapore-listed jet fuel supplier and trader China Aviation Oil (Singapore) Corporation (CAO) has agreed to invest about 34 billion won (32 million U.S. dollars) for a 26 percent equity stake in an oil storage firm in Yeosu, South Korea, the company anno

[Sept. 26, 2011] Built in 1983, the 261 meter-long & 127575 DWT oil tanker Lentera Bangsa caught fire 100 miles from the coast of Jakarta Bay Friday morning. The vessel was being used as a Floating Storage and Offloading (FSO) vessel in the Widuri field of the Java Se

[Sept. 20, 2011]  Pakistan wants China to construct a rail link through the Pakistan-occupied-Kashmir (PoK) and a network of oil and gas pipelines which will help cut costs for Beijing’s burgeoning energy needs and ensure mutual benefit. Pakistan has also offere

[Sept. 19, 2011] The first batch of ethylene from mainland China has arrived in Taiwan, the state-owned oil refiner CPC Corp. Taiwan said Friday.CPC said that its fifth naphtha cracker plant, which has an annual production of 500,000 metric tons of ethylene, is undergoing

[Sept. 19, 2011] Sikorsky Aircraft Corp. and China Southern Airlines’ Zhuhai Helicopter Branch company held a signing ceremony today at the first China Helicopter Exposition in Tianjin for the purchase of two Sikorsky S-92® and one S-76® offshore utility helicopte

[Sept. 14, 2011] Longwei Petroleum Investment Holding Ltd. /quotes/zigman/527097/quotes/nls/lph LPH +8.49% ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People’s Republic o

[Sept. 5, 2011] Russia’s state-owned pipeline operator Transneft on Sept. 1 raised its tariff on oil transported to the Port of Kozmino on the Sea of Japan and through the Eastern Siberia Pacific Ocean (ESPO) pipeline for supply to China by 3.03 percent.

[Aug. 23, 2011] Chinese petroleum firm PetroTrans is to carry out extension works to the port of Berbera, in the wake of signing a transaction agreement with the government of the breakaway enclave of Somalia.The Horn of Africa has been attracting increased investment in

[Aug. 12, 2011] China’s demand for bunker fuel, burned in ships, may increase as much as 8 percent this year, said Brightoil Petroleum Ltd., a Hong Kong-based supplier.Northeast Asian countries including South Korea will provide “enough demand growth” f

[Aug. 11, 2011] China may receive a spot cargo of liquefied natural gas from Yemen today, according to ship- tracking data.China National Offshore Oil Corp.’s Guangdong terminal may get the fuel from Balhaf, Yemen, on the Maersk Arwa on Aug. 10, according to ship t

[Aug. 10, 2011] China Offshore Oil Engineering Corporation (COOEC) signed a contract with SpecTec Asia Pacific East Ltd, SpecTec Group Hong Kong subsidiary.The contract is relevant to the supply of AMOS Maintenance and Procurement modules for six Offshore Support Vessels

[Jul. 28, 2011] China Merchants Energy Shipping (601872), an operator of tankers, bulk carriers and LNG carriers, recorded a 54.94 percent year-on-year fall in first half 2011 net profit attributable to shareholders to 199 million yuan, with earnings per share of 0.06 yu

[Jul. 27, 2011] Sinopec Zhoushan and China Changjiang Bunker Company said Tuesday their barge supply for bunker delivery in Shanghai has tightened and they can deliver bunker fuel only after August. Sinopec Zhoushan attributed the tightness to typhoon Ma-On, which approached East Asia last week. The typhoon delayed vessels’ arrival schedules, resulting in several arriving in a cluster this week, a company source said.

[Jul. 27, 2011] The second phase of China’s national strategic oil reserve project is under construction, with eight reserve sites, the 21st Century Business Herald reported Tuesday. The sites are located in Zhanjiang and Huizhou, Guangdong Province; Lanzhou, Gansu Province; Jintan, Jiangsu Province; Jinzhou, Liaoning Province; Dushanzi and Shanshan, Xinjiang Uygur Autonomous Region; and Tianjin.

[Jul. 12, 2011] China’s first self-developed 400,000 DWT Very Large Ore Carrier (VLOC) began to test water on Saturday, said its manufacturer, China Rongsheng Heavy Industries Group Holdings Limited. The carrier, named "VALE CHINA," is the first of 12 VLOCs to be delivered to the Brazilian mining giant Vale in the next two years, according to a 1.6-billion-USD deal the company signed with the Chinese producer.

[Jul. 8, 2011] To ensure stable oil supply to HK and to explore Southeast Asia markets, Sinopec (HK) Yangpu Bonded Oil Terminal started construction Wednesday at Hainan Yangpu Economic Development Zone. Hainan Provincial Party Secretary Wei Liu Cheng, Governor Luo Bao Ming, Vice Governor Li Guo Liang, President of Sinopec Corp., Wang Tian Pu attended the ceremony.

[Jun. 28, 2011] China National Offshore Oil Corp. (CNOOC), China’s third-largest oil and gas producer, will begin building a liquefied natural gas (LNG) terminal in Jiangsu Province in the second half (H2) of this year, according to a Hong Kong-based industry report on June 24.

[Jun. 28, 2011] China’s Ambassador to Canada Zhang Junsai told the AP that his country is willing to invest heavily in Canada and said that it’s a good sign that China’s US$300 billion sovereign wealth fund has chosen Toronto as the venue for its first overseas office. The fund, China Investment Corporation, invested US$800 million in Calgary-based Penn West Energy last year and US$1.5 billion in Canadian mining company Teck Resources in 2009, the AP said.

[Jun. 28, 2011] The International Energy Agency (IEA) said it had consulted Saudi Arabia, China and India before it made the decision to release 60 million barrels of oil reserves in the coming month. It has also invited China – the world’s second-largest oil consumer – to join the IEA and contribute, together with other member countries, to stabilizing global oil prices. On the sidelines of the second Global Think Tank Summit held in Beijing between June 25 and 26, the IEA’s executive director Nobuo Tanaka said all three countries the agency had consulted “understand” and “appreciate” the action of an oil release, which aims at filling the significant supply gap caused by the unrest in Lybia and supply disruptions in other oil producing countries.

[Jun. 27, 2011] China aims to discover 6.5 billion tonnes of proven domestic geological oil reserves in the coming five years, China Land and Resources News, a newspaper run by the Ministry of Land and Resources reported. The projection assumes the discovery of an average of 1.3 billion tonnes of proven geological oil deposits per year, slightly higher than discoveries in each of the past several years.

[Jun. 21, 2011] The government had also built tanks to store up to 14.08 million tonnes of edible oils, about half of annual consumption, the newspaper said, citing administration figures. The central government has targeted grain self-sufficiency of 95 percent, but the world’s largest grain consumer and second-largest corn consumer has since last year became a net corn importer after robust consumption growth outpaced production.

[Jun. 10, 2011] facilities to secure domestic supply amid fluctuation of international oil prices, a local newspaper reported on Thursday. CNPC, parent of Asia’s largest oil and gas producer PetroChina and Sinopec Group, parent of top Asian refiner Sinopec Corp will build some 3.0 million tonnes of new oil storage facilities in coastal areas, the China Reform News reported.

[Jun. 10, 2011] China has asked its two oil majors, CNPC and Sinopec Group, to accelerate expansion of commercial oil storage facilities to secure domestic supply amid fluctuation of international oil prices, China Reform News reported on Thursday. CNPC, parent of Asia’s largest oil and gas producer PetroChina and Sinopec Group, parent of top Asian refiner Sinopec Corp will build some 3.0 million tons of new oil storage facilities in coastal areas, it said.

[Jun. 2, 2011] *XH CNPC, Sinopec product oil inventory at 13mln t in late May, NDRC

[May 23, 2011] China plans to invest 3.5 billion yua n in building the national strategic crude oil reserves in north China port city Tianjin, said a local official. The reserves, with an initial designed capacity of 32 billion cu bic meters, will be built by China Petrochemical Corp, or Sinopec (NYSE:SNP) Grou p, parent of PetroChina (PTR.NYSE; 601857.SH; 0857.HK), said Wang Junm ing, general manager of Tianjin Nangang Industrial Zone Development Co ., Ltd. on Sunday.

[May 23, 2011] China will invest RMB 3.5 billion in its state strategic crude oil reserve base in Tianjin, sources reported, citing Wang Junming, president of the Nangang Industrial Development Co Ltd, as saying. Sinopec Group, the parent company of Sinopec<600028><0386>, is responsible for the construction of the state strategic crude oil reserve base with a storage capacity of 3.2 million cubic meters in the first phase.

[May 23, 2011] China’s commercial crude oil stocks at the end of April increased 2.3 percent from a month earlier, gaining for the second consecutive month after a fall in February, data from a Xinhua News Agency newsletter showed on Friday. The build-up in commercial crude oil stocks implied non-commercial reserves of crude oil grew by about 100,000 bpd in April, according to Reuters calculation based on the Xinhua figures and other official data.

[May 11, 2011] 10, 13 am, located in Huangpu District, Guangzhou City, Sinopec Guangzhou Branch 203 initiations breathing valve petrol tank fire explosion. According to the Guangzhou Municipal Public Security Fire Bureau introduced a gas leak explosion due to flashover, resulting in seven construction workers were injured, 3 of them seriously. According to the Guangzhou Municipal Public Security Fire Bureau introduced , Sinopec Guangzhou Branch 203 petrol tank occurred during the oil into the oil leak occurred flashover explosion, and to the top of breathing valve gasoline Tanks fire, burning about 10 minutes after the fire by fire-fighters tackled.

[May 6, 2011] PetroChina has recently put a 54,000-cu-m oil product terminal into operation in Jiujiang City of East Chinas Jiangxi Province, a company source told C1. The terminal will mainly receive gasoline and gasoil from Northeast China for satisfying demand from Jiujiang as well as nearby Nanchang and Jingdezhen, according to the source.

[May 5, 2011] The China National Petroleum Corp. (CNPC), China’s largest oil and gas producer and the parent company of PetroChina (PTR.NYSE; 601857.SH; 00857.HK), has put a 54,000 cubic meter oil depot in Hukou in east China’s Jiangxi province into trial operation, according to local government sources.

[Apr. 28, 2011] Researched by Industrial Info Resources East Asia (Kofu-shi, Japan)--East Asia, including the more economically advanced nations of Japan, Korea, and China, imported more than 120 million tons (MMt) of liquefied natural gas (LNG) last year.

[Apr. 26, 2011] China National Petroleum Corporation (CNPC), parent of PetroChina (PTR.NYSE; 601857.SH; 0857.HK), is to build three oil wharfs in Daxie Island near China’s eastern port city Ningbo, local authority said. According to Southeast Business Daily newspaper, who quoted Ningbo Maritime Safety Administration as saying, CNPC will construct one 100,000DWT berth, one 50,000DWT and a 5,000DWT wharfs as accessories to the company’s existing 300,000DWT fuel oil wharf, which has already been brought into operation.

[Apr. 21, 2011] Commercial stocks of crude oil in China rose 2 percent in March from the previous month while stocks of gasoline, diesel and kerosene fell 8 percent, the first decline in 5 months, data from a newsletter published by the official Xinhua News Agency showed on Thursday. The rise in crude stocks reversed a 2 percent fall in February and was equivalent to a stockbuild of about 130,000 barrels per day, according to Reuters calculations based on previous data from the newsletter, Xinhua Oil, Gas and Petrochemicals (OGP).

[Apr. 19, 2011] China Petrochemical Corp., Asia’s biggest oil refiner, halted fuel exports to ease a domestic shortfall as high crude costs and price caps cause private refiners to cut back on production. Sinopec Group, as the company is known, “stopped exporting to other regions apart from sustaining the basic resource needs of Hong Kong and Macau,” it said in its online newsletter today. The Beijing-based company will run its refineries at full capacity and cut petrochemical production to boost output of gasoline and diesel for domestic use, it said.

[Apr. 19, 2011] PetroChina Co Ltd is slated to start supplying gas from its first liquefied natural gas receiving terminal in eastern China near the end of June, after running its first two cargoes of the super-chilled natural gas. PetroChina’s Rudong terminal in Jiangsu province is due to receive its first LNG cargo, a 145,000-tonne shipment on April 26 and a second of the same size several weeks later, said an industry official with direct knowledge of the project.

[Apr. 15, 2011] CNOOC Ltd (NYSE:CEO) (CEO.NYSE; 00883.HK) will expand its liquefied natural gas (OOTC:LNGLF) (LNG) business to the whole industrial chain, Xing Yun, the chief geological engineer of the research center under the CNOOC Gas & Power Group Co., Ltd, told China Securities Journal.

[Apr. 13, 2011] Shanghai DaZhong Public Utilities (Group) Co Ltd<600635 >, which is principally engaged in gas transmission and distribution, said it plans to issue RMB 600 million in short-term bills with maturity of 270 days on the inter-bank market on Apr. 15, sources reported. The company said in a statement that the batch of bills will be issued at face value, and the coupon rate will be determined during the process of book building. The value date will be Apr. 19.

[Apr. 13, 2011] China should consider establishing strategic reserves of natural gas, because of the nation’s growing appetite for the fuel and a burgeoning dependence on imports, industry experts said. "China’s import-dependency ratio for natural gas is about 8 percent at present, and imports will grow rapidly year by year when more source gas materializes and more import projects are in the pipeline," said Zhou Zhibin, deputy general manager of PetroChina Southwest Oil & Gas Field Company on Tuesday.

[Apr. 12, 2011] China National Offshore Oil Corp (CNOOC), China’s third largest oil and gas firm, plans a massive natural gas pipeline along China’s southern coast to connect its main liquefied natural gas receiving terminals, a company official said on Tuesday. It would join CNOOC’s planned LNG terminal in the southern island province of Hainan, terminals planned, under construction or in operation in Guangdong and Fujian, and one under construction in Zhejiang, according to Xing Yun, an official with CNOOC’s gas and power unit.

[Apr. 7, 2011] PetroChina Co, the country’s biggest energy producer, will build underground natural-gas storage tanks in the Xinjiang Uygur Autonomous Region to guard against supply disruptions. Construction of the 4 billion cubic-meter Hutubi storage base will begin "soon," parent China National Petroleum Corp said in its online newsletter yesterday. PetroChina will start filling the tanks in June next year, CNPC said. Hutubi will be the first storage complex on the nation’s second West-East pipeline that’s linked to Central Asia, CNPC said.

[Apr. 7, 2011] PetrPetroChina Co, the country’s biggest energy producer, is planning to build underground natural-gas storage tanks in Hutubi county in western Xinjiang Uygur autonomous region to guard against supply disruptions. Construction of the 4-billion-cubic-meter (cu m) Hutubi storage base will begin "soon", China National Petroleum Corp (CNPC), the parent company of PetroChina Co, said in its online newsletter on Wednesday. PetroChina will start filling the tanks in June next year, CNPC said. Hutubi will be the first storage complex on the nation’s second West-East pipeline that’s linked to Central Asia, CNPC said.

[Apr. 7, 2011] PetroChina Co, the country’s biggest energy producer, will build underground natural-gas storage tanks in western Xinjiang province to guard against supply disruptions. Construction of the 4 billion cubic-meter Hutubi storage base will begin "soon", parent China National Petroleum Corp (CNPC) said in its online newsletter Wednesday. PetroChina will start filling the tanks in June next year, CNPC said. Hutubi will be the first storage complex on the nation’s second West-East natural gas transmission project that’s linked to Central Asia, CNPC said.

[Apr. 7, 2011] Sinopec has recently taken the delivery of a commercial crude reserve storage in Maoming City of South Chinas Guangdong Province, expected to become operational on Apr 20, according to a company source. The storage, comprising of fifteen 125,000-cu-m crude tanks, could be used as commercial reserve storage or tank farm for nearby refineries, C1 reported earlier.

[Apr. 7, 2011] China National Offshore Oil Corporation (CNOOC), parent of CNOOC Ltd., inked an agreement with Tianjin municipal government on jointly building a liquefied natural gas (LNG) terminal in the north China industrial center and major port city. The two sides promised to strengthen cooperation on development of clean energy like LNG in the city. CNOOC earlier was said to hold talks with Tianjin Port authority on construction of the receiving terminal of liquefied natural gas (LNG) in the port.

[Apr. 6, 2011] PetroChina will soon start building a 4 billion-cubic-metre underground natural gas storage in northwestern Xinjiang, the first major storage facility for its massive second West-to-East gas pipeline that takes the fuel from Central Asia. The Hutubi gas storage, neighbouring Urumqi, capital of Xinjiang, will be constructed in two phases in a period of four years, the China Petroleum Daily reported on Wednesday.

[Apr. 4, 2011] China Petroleum and Chemical Corpora tion, parent of Sinopec has completed t he building of a commercial crude oil reserve base at Maoming city’s B eishanling in south China Guangdong province, according to a report by China Petrochemical News on Friday. The reserve, completed on March 31, a month ahead of the schedul e, is expected to come on stream on April 20.

[Apr. 4, 2011] Asia’s top refiner China Petroleum and Chemical Corp (Sinopec Corp) has completed building a 12 million- barrel commercial crude oil storage facility in Maoming city in southern Guangdong province,one month ahead of schedule. The 1.7 billion yuan ($260 million) facility, expected to be operational on April 20, is designed to store mainly Oman crude oil and Saudi Arabia’s light crude, Sinopec’s parent China Petrochemical Corp said in a report on one of its websites(www.sinopecnews.com.cn).

[Apr. 4, 2011] Asia’s top refiner China Petroleum and Chemical Corp (Sinopec Corp) has completed building a 1.88-million-cubic-metre commercial crude oil storage facility in Maoming city in southern Guangdong province, one month ahead of schedule. The 1.7-billion-yuan facility, expected to be operational on April 20, is designed to store mainly Oman crude oil and Saudi Arabia’s light crude, Sinopec’s parent China Petrochemical Corp said in a report on one of its websites (www.sinopecnews.com.cn).

[Apr. 1, 2011] Asia’s top refiner China Petroleum and Chemical Corp (Sinopec Corp) has completed building a 1.88-million-cubic-metre commercial crude oil storage facility in Maoming city in southern Guangdong province, one month ahead of schedule. The 1.7-billion-yuan facility, expected to be operational on April 20, is designed to store mainly Oman crude oil and Saudi Arabia’s light crude, Sinopec’s parent China Petrochemical Corp said in a report on one of its websites (www.sinopecnews.com.cn).

[Mar. 31, 2011] Lianyungang Port Group in East China’s Jiangsu Province is likely to start construction of a 300,000-DWT jetty for crude at the end of 2011, according to a source with the company.

[Mar. 31, 2011] Jiangsu Huayuan Petrochemical (transliteration) in East China is likely to start operation of a 96,000-cu-m tank farm for oil products in October 2011, C1 learned from industry sources.

[Mar. 31, 2011] Commercial fuel oil inventories of major oil terminals in South China added up to 1.84-1.86-mil mt up till Mar 30, inching down 20,000mt from a week ago, 570,000mt higher than one year earlier, C1’s research showed. The volume accounted for 67% of the total storage capacity of the terminals.

[Mar. 30, 2011] Tianjin Port Development Holdings Ltd<3382>, a Tianjin-based logistics service provider, announced Monday that its net profit surged 54% year on year to HK$571 million.

[Mar. 30, 2011] Wuhu Erhuan Petroleum is expected to wrap up construction of 100,000-cu-m oil terminal by the end of 2011, C1 learned from a company source.

[Mar. 25, 2011] Arabian Business reported that Chinese oil major PetroChina is in talks with the government of Fujairah to build oil storage facilities at the Fujairah port.Industry and port sources said that Petrochina is looking to build up to 1 million cubic meters of storage capacity at the UAE port. They have two options available for them. They can build on their own or they can work with someone else it’s not clear which option they will pick yet.

[Mar. 25, 2011] oChina Company Ltd’s first liquefied natural gas (LNG) terminal will receive its first cargo between April 26 and 28 and start selling the fuel in late May, a report by an energy consultancy showed on Wednesday. The report by C1 Energy did not mention where the super-chilled gas might be sourced from.

[Mar. 25, 2011] PetroChina started on Wednesday to build the Tangshan receiving terminal for liquefied natural gas in northern Hebei province, the third by the top Asian energy giant in China, a website run by parent company CNPC said. To be developed in two phases, phase one will have an annual receiving capacity of 3.5 million tonnes expected for completion by end of 2013, expandable by another 6.5 million tonnes at phase two, a report on www.cnpc.com.cn said.

[Mar. 25, 2011] PetroChina started on Wednesday to build the Tangshan receiving terminal for liquefied natural gas in northern Hebei province, the third by the top Asian energy giant in China, a website run by parent company CNPC said.To be developed in two phases, phase one will have an annual receiving capacity of 3.5 million tonnes expected for completion by end of 2013, expandable by another 6.5 million tonnes at phase two, a report on www.cnpc.com.cn said.

[Mar. 24, 2011] As part of its strategic oil reserve project, World’s second largest oil consumer China said it will begin to select locations for the third phase of the project.

[Mar. 22, 2011] Chinese oil major PetroChina is in talks with the government of Fujairah to build oil storage facilities at the Fujairah port, industry and port sources said.

[Mar. 22, 2011] China’s commercial crude-oil stockpiles dropped in February compared with a month earlier while diesel supplies surged for a third month as the country replenishes inventories after fuel shortages earlier this year.

[Mar. 17, 2011] China Shipping Development (600026, 1138.HK) posted a 61.21 percent year-on-year increase in 2010 net profit to 1.72 billion yuan on a 27.92 percent increase in revenue to 11.41 billion yuan, reports 163.com, citing a company filing. Earnings per share was 0.5042 yuan.

[Mar. 17, 2011] LNG demand from Japan is expected to surge in short term for generating electricity. One third of electricity consumed by Japan is generated by nuclear reactors before the earthquake occurred on March 11. There are 54 nuclear reactors in operation in Japan before the earthquake and 10 of them have been closed so far. The electricity supply gap will be fulfilled by generations fueled by petroleum, coal and LNG.

[Mar. 17, 2011] Colombia, South America’s third- largest crude producer, said oil output will climb to a record this year amid investments by China and billionaire Carlos Slim.Spending on exploration and production may surpass $3.5 billion to $4 billion this year, when annual output will exceed a 1999 peak to reach a record of 850,000 to 900,000 barrels a day, said Armando Zamora, director general of the state-run National Hydrocarbons Agency. Transport capacity is scheduled to reach 1.2 million barrels per day within two years, he said.

[Mar. 16, 2011] China ordered 50 to 100 new container, tanker and dry-bulk ships Monday under a deal financed by a private-equity consortium led by Carlyle Group. Valued at between $5 billion and $10 billion, it’s the biggest private-sector shipping deal ever, analysts said.

[Mar. 16, 2011] Longwei Petroleum Investment Holding Ltd. (NYSE Amex: LPH) ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People’s Republic of China ("PRC"), announced today that it has entered into a letter of intent to acquire a fuel storage depot in northernShanxi Province with a 100,000 metric ton storage capacity. Longwei paid a deposit of RMB 140 million(approximately US $20 million) at the signing of the letter of intent toward the full purchase price of RMB 700 million (approximately US $106.5 million). The Company expects the facility to contribute approximately $300 million to revenues and $40 million to net income during the fiscal year ending June 30, 2012

[Mar. 16, 2011] Taixing Jinhua Petrochemical has recently put a 126,600-cu-m oil product terminal into operation in Taixing City of East China’s Jiangsu Province, a company source told C1.

[Mar. 16, 2011] China may experience more oil product shortages as local prices remain lower than international levels despite a price increase last month, the International Energy Agency said Tuesday."A re-emergence of oil product shortages, as seen periodically over the past several years, cannot be entirely discounted," the IEA said in a monthly oil market report. It said the risk of shortages is present "notably in drought- stricken northern China and, more generally, ahead of the resumption of economic activity after the Lunar New Year holiday" in early February.

[Mar. 15, 2011] China sustained large ethylene production capacity expansions in 2010, with total ethylene capacity increasing by near 20 percent over 2009. To satisfy strong petrochemical demand, Chinese oil and chemical players will continue investing in adding ethylene production capacity, which is expected to approach 26 million tons per year by 2015, with an average increase of around 11 percent.

[Mar. 15, 2011] Longwei Petroleum Investment Holding Ltd. (NYSE Amex: LPH) ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People’s Republic of China ("PRC"), announced today that it has entered into a letter of intent to acquire a fuel storage depot in northern Shanxi Province with a 100,000 metric ton storage capacity. Longwei paid a deposit of RMB 140 million (approximately US $20 million) at the signing of the letter of intent toward the full purchase price of RMB 700 million (approximately US $106.5 million). The Company expects the facility to contribute approximately $300 million to revenues and $40 million to net income during the fiscal year ending June 30, 2012.

[Mar. 14, 2011] China could buy 3m t/y LNG in 2011; import capacity doubles to 44.7m t/y by 2014; potential spot demand could be 28.4 t/y by 2030

[Mar. 14, 2011] Sinopec Fuel Oil Co signed a contract with Shandong-based Yantai-Titan Petrochemical Port Development Co in January 2011 to rent 60,000 cu m of bonded fuel oil storage for bunker business, according to a source with the latter.

[Mar. 11, 2011] China will boost spot purchases of liquefied natural gas this year as the country’s terminal capacity increases and term contracts start in 2012, said JPMorgan Chase & Co (JPM).strq

[Mar. 10, 2011] China has enough oil in its strategic reserves to cover one month’s consumption and crude oil accounts for three quarters of the stockpile, a senior government official was quoted as saying by a Chinese newspaper on Wednesday.

[Mar. 10, 2011] China and India are faced with the same dilemma the U.S. faced in 1973. Neither country has enough petroleum to keep its citizens rolling for long. Both are exposed to a dangerous, economy-killing oil shock. And both are starting to build and fill strategic petroleum reserves of their own. They have no choice but to buy oil like crazy at these levels.

[Mar. 10, 2011] China’s strategic oil reserve has completed construction of its first phase and currently holds the equivalent of 30 days of oil imports, the National Business Daily reported Wednesday.

[Mar. 10, 2011] Commercial fuel oil inventories of major oil terminals in South China amounted to 1.76-1.78-mil mt up till Mar 9, slightly down 20,000mt from the previous survey, 380,000mt higher than one year earlier, C1’s research showed. The volume accounted for 64% of the total storage capacity of the terminals.

[Mar. 9, 2011] Sinopec (Hong Kong) recently resumed a 1-year contract with Zhuhai SinoSiam on renting 400,000-cu-m LPG terminal in Zhuhai City of South China’s Guangdong Province, C1 learned from an international trader.

[Mar. 8, 2011] China will start work on building strategic oil reserve tanks at the north-eastern port of Tianjin by May, China Daily newspaper reported Saturday.

[Mar. 8, 2011] China National Offshore Oil Corporation (NYSE:CEO) (CNOOC), parent of CNOOC Ltd (CEO.NYSE; 0883.HK), is negotiating with Tianjin Port authority on construction of a receiving terminal of liquefied natural gas (OOTC:LNGLF) (LNG) in the port, according to a report by China Daily on Monday

[Mar. 8, 2011] PetroChina Kunlun Gas plans to build a 6,000-cu-m LPG terminal in Guiyang City of Southwest China’s Guizhou Province, an informed source told C1.

[Mar. 8, 2011] A combined 247,000mt of gasoline and gasoil were transported southwards from Tianjin port in North China in February, up 73,000mt or 42% from the previous month, according to a port source.

[Mar. 7, 2011] Construction of China’s national strategic oil reserve site in Tianjin city, which will have a storage capacity of 3 million cubic meters, will begin as early as May, a city official said on Friday.

[Mar. 7, 2011] The freight rates for delivering fuel oil from northern China to East China and South China surged in early March, mostly thanks to higher fuel costs, C1’s research found.

[Mar. 3, 2011] Commercial fuel oil inventories of major oil terminals in South China amounted to 1.78-1.80-mil mt up till Mar 2, slightly up 20,000mt from the previous survey, sharply up 380,000mt compared with one year earlier, C1’s research showed. The volume accounted for 65% of the total storage capacity of the terminals.

[Mar. 2, 2011] The shipyard of China State Shipbuilding Corporation (CSSC) situated in Guangzhou City, Guangdong Province, south China lately delivered a 308,000-tonnage oil tanker and a 230,000-tonnage ore carrier respectively to China Shipping Development Co., Ltd. (SHSE: 600026) under the aegis of China Shipping (Group) Company.

[Mar. 1, 2011] The proven reserve of China’s second largest oil field, Shengli Oilfield in the eastern Shandong Province, has risen by 515 million tonnes in the past five years, the company sa id in a statement Monday.

[Feb. 28, 2011] Sinochem Industry has signed an agreement with Guangdong-based Zhuhai Port Co on construction of a 3-mil-cu-m tank farm for crude and oil products in combination in Gaolan port, Zhuhai Port announced on its website on Feb 25.

[Feb. 25, 2011] China Daily quoted a senior researcher at the country energy think tank said China must devise an emergency natural-gas storage plan during the 12th Five-Year Plan period (2011-2015) to prepare for the possibility of an abrupt shortage caused by natural disasters and unrest overseas.

[Feb. 25, 2011] Sinochem-Gree Oil Terminal is scheduled to hold completion ceremony of 410,000-cu-m tank farm in Gaolan port of Zhuhai City in Guangdong Province Friday, marking official operation of the tank farm, revealed a company source.

[Feb. 24, 2011] The Ministry of Land and Resources revealed that in 2010, China’s oil, natural gas, coal, iron and other important mineral reserves increased considerably.

[Feb. 24, 2011] Commercial fuel oil inventories of major oil terminals in South China amounted to 1.76-1.78-mil mt up till Feb 23, unchanged from one week ago, sharply up 380,000mt compared with one year earlier, C1’s research showed. The volume accounted for 64% of the total storage capacity of the terminals.

[Feb. 24, 2011] The Ministry of Land and Resources revealed that in 2010, China’s oil, natural gas, coal, iron and other important mineral reserves increased considerably.

[Feb. 24, 2011] The national inventory of refined oil increased by 1.7 million tons month-on-month and 1.24 million tons year-on-year as of end January, reports yicai.com, citing the National Development and Reform Commission.

[Feb. 23, 2011] China’s discoveries of proven geological oil reserves in 2010 inched up slightly from a year earlier, but natural-gas deposit findings slumped nearly 18 percent, Ministry of Land and Resources data showed on Tuesday.

[Feb. 23, 2011] China must devise an emergency natural-gas storage plan during the 12th Five-Year Plan period (2011-2015) to prepare for the possibility of an abrupt shortage caused by natural disasters and unrest overseas, said a senior researcher at the country’s energy think tank.

[Feb. 23, 2011] China must devise an emergency natural-gas storage plan during the 12th Five-Year Plan period (2011-2015) to prepare for the possibility of an abrupt shortage caused by natural disasters and unrest overseas, said a senior researcher at the country’s energy think tank.

[Feb. 22, 2011] China’s commercial crude oil inventories rose 2.5 percent at the end of January from the end of December, the second consecutive rise after three falls, the official Xinhua News Agency’s Oil, Gas and Petrochemicals newsletter reported on Monday.Inventories of refined oil products jumped 11 percent from a month earlier, the report said.

[Feb. 17, 2011] Rolls-Royce Group PLC (RR.LN), the global power systems company, said Wednesday it has won a GBP20 million order from Chinese conglomerate Sinopec to design and equip a specialist seismic research vessel.MAIN FACTS:--Contract includes efficient power and propulsion systems and a range of advanced automated handling systems for seismic equipment.

[Feb. 17, 2011] North Korean container ship listed and leaked a small amount of oil at China’s Dalian port, Chinese state radio reported on Wednesday, giving few details.The ship has been righted, and the spilled oil is being cleaned up, the radio report said. The port authorities have effectively contained the leak and expect the clean-up to finish on Thursday morning.

[Feb. 16, 2011] Record demand for liquefied natural- gas is causing the decade-long glut of vessels that carry the fuel to disappear, doubling freight rates and at least tripling profit for shipping lines Golar LNG Ltd. and Exmar NV.Consumption of LNG, liquefied by cooling the gas to about minus 260 degrees Fahrenheit, is rising 5.1 percent at a time when nations from the U.K. to South Korea are increasing curbs on pollution. Natural gas emits about 50 percent less carbon dioxide than coal and power companies are also burning more because it’s cheaper after plunging 30 percent since the end of 2008 while coal rose 52 percent and oil almost doubled.

[Feb. 15, 2011] A national strategic petroleum reserve (SPR) base with total capacity of 5 million metric tons will likely be built in Huidong, a county in Huizhou, Guangdong Province, South China, in 2011, a local official said.Li Canhong, head of Huidong County, said this in an official report to the county’s People’s Congress, the county parliament.

[Feb. 1, 2011] Ji&apos;nan city in E.China starts building LNG storage base   BEIJING, Jan. 31 (Xinhua) - Ji&apos;nan city, capital of east China&apos;s Shandong province, has started building an LNG storage base with capacity of three million

[Jan. 30, 2011] China’s top offshore oil and gas producer, CNOOC Ltd, has lifted its 2011 production target by up to 11 percent as new projects at home and overseas come on stream.CNOOC, with a market capitalization of about $105 billion, said in a statement on Thursday that it aimed to produce between 355 and 365 million barrels of oil equivalent (BOE), compared with estimated output for 2010 of between 327 and 329 million BOE.

[Jan. 27, 2011] "We will accelerate the construction pace of the project and ensure its quality, aiming to put it into operation as early as possible," the National Energy Administration (NEA) was quoted as saying by the official China Daily.The administration said it will strengthen supervision to guarantee the safe operation of strategic oil reserve bases, according to the report.

[Jan. 27, 2011] China’s northern city of Tianjin aims to have 30 million cubic metres, or 189 million barrels, of crude oil storage capacity within 10 years, the China Daily reported on Thursday.By itself, the storage would be 85 percent more than the 102 million barrels of capacity in China’s first phase of state strategic oil reserves and 10 percent higher than the second phase.

[Jan. 27, 2011] 2010 petroleum stockpiles equal to 36 days of consumption demandChina’s strategic petroleum reserve capacity is expected to reach 274 million barrels by 2012.However, that figure will not be confirmed for nearly two years,at the completion of the second phase of the reserve project for the fuel, according to the China Petroleum and Chemical Industry Federation (CPCIF).

[Jan. 26, 2011] XH China commercial oil products storage capacity hit 23.01mln t by end-2010

[Jan. 26, 2011] China will ratchet up its efforts to construct the second phase of the national crude oil reserve base project in 2011, as part of the country’s endeavor to secure strategically important natural resources and stabilize the petroleum market.""We will accelerate the construction pace of the project and ensure its quality, aiming to put it into operation as early as possible," the National Energy Administration (NEA) said in its annual energy work target for 2011.

[Jan. 26, 2011] China’s total strategic petroleum reserve capacity reached 24.38 million tonnes or 178 million barrels by the end of 2010, suggesting that 76 million barrels has been added to the project’s second phase, according to the country’s leading oil firm.The research unit of China National Petroleum Corp (CNPC) said on Jan 20 that China’s total SPR capacity will increase to 500 million barrels once the third phase is completed. However, China Economic Weekly, a magazine run by the official People’s Daily, reported in its latest issue dated on Jan 17 that China’s total SPR capacity could increase to 85 million tonnes, or 621 million barrels, by 2020 when the three phases of storage facilities are completed.

[Jan. 25, 2011] PetroChina has halted natural gas shipments to some downstream industrial users in North China this month to guarantee sufficient residential supplies, the National Business Daily reported Tuesday.Thanks to new pipelines, natural gas reserve and overseas LNG purchases, this year’s gas shortage is not as severe as last year, the report said.

[Jan. 24, 2011] According to The Moscow Times, Russia’s largest shipping line, state-owned Sovkomflot, has agreed to ship oil to China via the Arctic Ocean on an east-bound route along the country’s northern coast. The country’s development bank approved $293 million for the purchase of two Finnish-designed, ice-breaking tankers, and Sovkomflot has taken control of one.

[Jan. 24, 2011] Bloomberg reported that China Petroleum & Chemical Corp, the country biggest refiner joined a group investing more than USD 100 million in Enbridge Inc proposed USD 5.5 billion pipeline to Canada’s west coast.According to a transcript of a presentation by Enbridge Chief Executive Officer Mr Patrick Daniel that a group of Canadian producers and Southeast Asian refiners are matching Enbridge costs to get through the regulatory process to approve the Northern Gateway pipeline.

[Jan. 21, 2011] Dalian Port in Liaoning Province reported oil product throughput of 41.81 million tons in 2010, an increase of 7.4 percent year-on-year, according to statistics released by the Dalian city government on Jan. 20.

[Jan. 21, 2011] China added 12 million barrels of crude to its strategic petroleum reserve over the course of last year, according to Reuters calculations based on figures issued on Thursday by the country’s leading oil firm.The figure amounts to about 0.7 percent of China’s total crude oil imports of 239 million tons (1.7447 billion barrels) over the period.

[Jan. 21, 2011] China added 12 million barrels of crude to its strategic petroleum reserve over the course of last year, according to Reuters calculations based on figures issued on Thursday by the country’s leading oil firm.The figure amounts to about 0.7 percent of China’s total crude oil imports of 239 million tonnes (1.7447 billion barrels) over the period.

[Jan. 20, 2011] China’s strategic petroleum reserve had 69 million barrels of available storage capacity at the start of 2010, and overall capacity had reached 24.38 million tonnes (178 mln barrels) by the end of 2010, a report issued by the country’s top oil firm CNPC said on Thursday.

[Jan. 20, 2011] In a move that signals another breakthrough in China’s liquefied natural gas (LNG) carrier building technology, Hudong-Zhonghua Shipbuilding (Group) Co Ltd received the country’s first overseas order to build four LNG carriers to be used in cross-continen shipping lines.

[Jan. 19, 2011] China’s SPR capacity to amount to 85mln t in 2020, reportBEIJING, Jan. 19 (Xinhua) 篓C China’s state petroleum reserve (SPR) capacity will be boosted to 85 million metric tons (tonnes) in 2020, r eported China Economy Weekly.This suggests China’s SPR would amount to a level equal to the coun try’s net imports for 90 days by then, in line with the SPR baseline s et by International Energy Agency (IEA).

[Jan. 19, 2011] China is expected to possess 85 million tons of reserve oil in 2020, equalling to the nation’s 90-day import volume, which means the country meets the minimum level set by the International Energy Agency (IEA), a China Economy Weekly report said Monday.

[Jan. 18, 2011] China State Shipbuilding Corp. (CSSC) signed a contract with Exxon Mobil and Mitsui & Co Ltd on Saturday to build four LNG ships (liquefied natural gas), the nation’s first overseas order for such an advanced carrier.Hudong-Zhonghua Shipbuilding (Group) Co Ltd, a subsidiary of CSSC, will build the ships for Mitsui, a Japanese shipping giant.

[Jan. 18, 2011] Four new liquefied natural gas (LNG) vessels are to be built by the Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of the China State Shipbuilding Corporation on behalf of the Exxon Mobil Corporation and Mitsui O.S.K. Lines Ltd (MOL) the companies announced today. These are the vessels which we revealed were to be ordered in an article last March.