Presentation of Lee Ryn Pin, Senior Researcher of Fenwei Energy Consulting Co., Ltd has started. She is presenting on "Short and Mid Term Plans/Changes in Chinese Energy Sector".
In China, total electricity consumption in 2014 hit 5523.3 Twh with YoY 3.8%.
Medium and Long-term Forecast on Supply & Demand of China Natural Gas:
- 4 main gas basins: Ordos, Sichuan, Tarim and South China Sea are main natural gas producing areas contributed 73% of China total gas production. And will be the major areas of gas reserves increasing and gas production expanding.
- Natural Gas price will rise according to actual usage volume (tiered pricing).
Opportunity for Mongolia Coal in Northeast China:
Mongolian Lignite has little market in Northeast China but for Heilongjiang:
- Lignite-fired electricity grows slowly influenced by clean energy, but with abundant lignite supply from east Inner Mongolia.
- Convenient transportation from east Inner Mongolia to Liaoning (largest lignite consumption province of Northeast China) .
- Heilongjiang coal resource is being exhausted and far from east Inner Mongolia but steady coal demand .
Mongolian coal-to-gas has large market in Northeast China:
Demand:
- Gas supply has a large gap for fuel-switch projects for boilers national-wide in China like Changchun of Jilin.
- Expect for urban gas, as one of clean energy, natural gas will be popular in automotive area with the promotion of new energy automobile technology and relevant products research.
Supply:
- Oct 25 2013, Sinopec and MRAM signed MOU with MRAM on the cooperation of coal-to-gas projects under the witness of Keqian Li (China Primier) and Altankhuyag (Mongolia Primier)
- Eastern gas pipeline from Russia to Convenient transportation from Irkutsk to Beijing via Buryatia.
However, as we estimated, gas-fueled electricity is no competitiveness if gas price above 3 RMB yuan/m3 compared with coal-fueled electricity.
Presentation of Lee Ryn Pin, Senior Researcher of Fenwei Energy Consulting Co., Ltd has started. She is presenting on "Short and Mid Term Plans/Changes in Chinese Energy Sector".
In China, total electricity consumption in 2014 hit 5523.3 Twh with YoY 3.8%.
Medium and Long-term Forecast on Supply & Demand of China Natural Gas:
- 4 main gas basins: Ordos, Sichuan, Tarim and South China Sea are main natural gas producing areas contributed 73% of China total gas production. And will be the major areas of gas reserves increasing and gas production expanding.
- Natural Gas price will rise according to actual usage volume (tiered pricing).
Opportunity for Mongolia Coal in Northeast China:
Mongolian Lignite has little market in Northeast China but for Heilongjiang:
- Lignite-fired electricity grows slowly influenced by clean energy, but with abundant lignite supply from east Inner Mongolia.
- Convenient transportation from east Inner Mongolia to Liaoning (largest lignite consumption province of Northeast China) .
- Heilongjiang coal resource is being exhausted and far from east Inner Mongolia but steady coal demand .
Mongolian coal-to-gas has large market in Northeast China:
Demand:
- Gas supply has a large gap for fuel-switch projects for boilers national-wide in China like Changchun of Jilin.
- Expect for urban gas, as one of clean energy, natural gas will be popular in automotive area with the promotion of new energy automobile technology and relevant products research.
Supply:
- Oct 25 2013, Sinopec and MRAM signed MOU with MRAM on the cooperation of coal-to-gas projects under the witness of Keqian Li (China Primier) and Altankhuyag (Mongolia Primier)
- Eastern gas pipeline from Russia to Convenient transportation from Irkutsk to Beijing via Buryatia.
However, as we estimated, gas-fueled electricity is no competitiveness if gas price above 3 RMB yuan/m3 compared with coal-fueled electricity.