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LNG trading and demand to see a bright future

Liquefied natural gas (LNG) demand will rose thanks to its environmental protection, high density and convenient transportation.

08-20-2020 15:07:19

Shanxi sells exploration rights of two CBM blocks

The Shanxi provincial bureau of natural resources sold exploration rights of two coalbed methanol (CBM) blocks via online bidding, making Shanxi the first province in China successfully transferring the rights.

03-20-2019 16:28:22

Shanxi to sell exploration right of two CBM blocks

Beijing (JLC), December 18, 2018--The Department of Natural Resources of Shanxi Province announced the other day that it would sell the exploration right for two of its Coalbed methane (CBM) blocks by bidding, the department said on its website.

12-18-2018 14:57:31

Brightoil halts sales of oil carriers amid China's support policy on private enterprise

Brightoil Petroleum, once in financial difficulties, decided not to sell 15 oil carriers due to the growth of the crude oil market and the support of the state's bail-out policy for private enterprises.

11-28-2018 16:33:57

Two independent refineries in Zibo gained rights to use imported crude oil

Shandong Qingyishan Petrochemical & Technology Co., Ltd. and Zibo Xintai Petrochemical Co., Ltd., two independent refineries in Zibo of Shandong, met relevant stipulates and requirements and were initially be allocated rights to use 3,000 mt and 2,000 mt imported crude oil in 2017, respectively.

06-21-2017 14:20:34

NDRC rigidly rechecked the crude import rights of teapots

JYD once report that the approval progresses of crude import right and use right slowed down, and related national departments rigidly rechecked the elimination on outdated capacity and construction on gas storage facilities and strengthened the supervision on product quality.

08-03-2016 14:57:30

Thermal coal futures so bright, you gotta wear shades

After crashing to levels last seen in the 2009 global financial crisis, spot market prices for Australian thermal coal delivered to power stations in southern China have shrugged off their aura of doom and gloom to trade at an 11-month high in June.

07-04-2016 17:45:50

NDRC: Haiyou Petchem acquired the usage right of import crude

NDRC replied the reports of SDDRC and commission about Haiyou Petchem applying for usage right of import crude. Haiyou Petchem was qualified to use import crude 3.2 million mt/yr, and its crude processing capacity was 3.5 million mt/yr.

04-21-2016 13:39:29

A tortuous way to the bright future of LNG

Experts from various sectors delivered different voices on the development of LNG market in China at the China International LNG Summit and Exhibition 2016 held in Bejing on March 16th-18th.

03-31-2016 11:15:24

Qirun Chemical acquired the crude import right

On March 2nd, Department of Commerce of China claimed that Qirun Chemical was qualified for importing crude for non-stated trade, after Jingbo, Luqing, Huifeng and Tianhong acquiring the crude import right officially on February 29th.

03-04-2016 13:48:54

Shandong Zhonghai Jingxi Chemical applies for usage right of import crude

This week, NDRC published the applications on usage right of 1.968 million mt/yr import crude of Zhonghai Jingxi Chemical. SDDRC and commission jointly reported to NDRC for queuing.

02-25-2016 16:21:33

Shenchi Chemical applies for usage right of import crude

This week, NDRC published the applications on usage right of 2.52 million mt/yr import crude of Shenchi Chemical. SDDRC and commission jointly reported to NDRC for queuing.

02-25-2016 16:20:08

Rizhao Landbridge Port applies for usage right of import crude

This week, NDRC published the applications on usage right of 2.396 million mt/yr import crude of Rizhao Landbridge Port Petchem. SDDRC and commission jointly reported to NDRC for queuing.

02-25-2016 16:11:58

China to open up crude import rights boosting the teapots' feedstock

Since May in 2015, more and more independent refineries in China had acquired the crude import right and usage right of import crude.

02-23-2016 17:27:10

Yanchang Petroleum was granted usage right of import crude

CPCIF claimed on January 5th that Yanchang Petroleum was qualified for using import crude 3.6 million mt/yr.

01-12-2016 10:44:50

Other four teapots applies for usage right of import crude

12-31-2015 10:22:25

Four teapots were granted usage right of import crude officially

Huifeng Petchem, Shouguang Luqing, Jingbo Petchem and Tianhong Chemical were qualified to use import crude 14.45 million mt/yr.

12-10-2015 16:49:18

Crude import right boosts the teapots capacity

Up to October, JYD data showed that, the total refining capacity in China has reached 785 million mt/yr, and the teapots’ capacity settled at 250 million mt/yr, accounting for 32% of the total capacity.

10-20-2015 14:32:06

Crude import slid and 7 teapots acquired the crude import right

ina Customs data showed, the import crude in August settled at 26.59 million mt, down by 13.5% MoM, up by 5.6% YoY. From January to August, the total import crude was 220 million mt, an increase of 9.8% YoY.

09-29-2015 10:59:49

Lijin and Kenli Petchem gained crude import right

On September 21st, China Department of Commerce released Granted Crude Import Qualification to Lijin and Kenli Petchem for Non-state Trade, and Lijin and Kenli Petchem gained the crude import right.

09-23-2015 14:40:52

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