皇冠体育app

Energy

皇冠体育app may escape gas shortage this winter

(Agencies)
Updated: 2010-11-15 16:03

皇冠体育app is likely to escape a natural gas shortage this winter as supplies from Central Asia will increase and as the country steps up imports from the spot market, 皇冠体育app Energy News reported on Sunday.

Hu Weiping, deputy director of Oil and Gas Deparment of the National Energy Amdinstration (NEA), told the paper that the government had asked 皇冠体育app National Offshore Oil Corp (CNOOC) to secure gas from international markets to supply Shanghai, 皇冠体育app's financial hub, so as to free up domestic gas for emergency needs.

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皇冠体育app was hit by severe gas shortages during last year's unusually early and cold winter, prompting factories to reduce or even close down production to divert gas to residents.

"I believe gas supplies this winter, though still slightly tight, would be able to meet the demand," Hu was quoted as saying.

Hu estimated that 皇冠体育app's gas supplies would remain relatively tight till 2012 as it takes a few years for new gas supplies from Central Asia's Turkmenistan and via long-term supply agreements from exporters such as Qatar and Indonesia to reach their designated capacity.

However, Northern 皇冠体育app could face natural gas shortages of 9 million cubic metres a day during peak winter demand, a Petro皇冠体育app executive told state media on Monday, contradicting Hu's assurance.

Petro皇冠体育app's two Shaanxi-to-Beijing pipelines are already running at full capacity, and the company is rushing to build a third pipe to meet an expected increase in winter demand, Lin Changhai, general manager of Petro皇冠体育app's northern 皇冠体育app gas sales unit, told official 皇冠体育app Central Television.

The two pipelines in operation have shipping capacity of 56 mcm per day and existing underground stockpiles can supply 20 mcm a day, but gas consumption could increase to 89 mcm during peak time, the report said.

Demand in Beijing alone will grow to 58-60 mcm a day when the weather gets to the coldest, according to the report, prompting Petro皇冠体育app to suggest that large users like department stores and restaurants look for ways to reduce gas use, the report added.