China’s Sinopec Plans Record LNG Imports to Battle Cold Snap
SINGAPORE (Reuters) – Sinopec Corp pledged on Tuesday to maximize domestic gas productions and raise imports of LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.

On Monday, China’s central economic planner, the National Development and Reform Commission (NDRC) urged companies to step up imports of natural gas and thermal coal as temperatures are set to fall sharply.
Sinopec, already Asia’s top-spot importer of LNG via a string of tenders ahead of winter, said on its micro blog its LNG imports into receiving terminals in north China’s Tianjin and east China’s Qingdao will reach new highs in January, without giving a volume.
The company will also increase domestic natural gas production by another one million cubic meters a day by the end of January by accelerating the drilling of new development wells.
It’s also maximizing extracting gas from its underground storage in central and east China, while maintaining high inventories at LNG storage tanks, the company said.
Related News
Related News

- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Ukraine to Jointly Buy Gas with European Union Countries
- Company Cancels Byhalia Connection Pipeline Project
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
Comments