Oil and Gas Industry in China

  • ID: 1884974
  • Report
  • Region: China
  • 270 Pages
  • Taiyou Research
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  • BG Group
  • BP China
  • Chevron China
  • ConocoPhillips
  • Eni
  • ExxonMobil China
  • MORE
China is the world’s second largest consumer of oil and gas, but only the sixth largest producer of the same. This disparity between supply and demand has been highlighted recently by a domestic fuel dearth that temporarily shut down businesses and has caused long lines at gas stations. It had been reported that China will account for over 37% of the Asia-Pacific regional oil demand by 2015, and this has already begun to show as there has been a rapid increase in imports of oil recently. In terms of natural gas, the scenario is no different, as demand exceeds supply in this case as well.

The shortage has also been driven by some local governments cutting power to meet the energy-saving targets outlined in the central government’s 11th Five-Year Plan. Numerous factories, unable to operate without electricity, fired up diesel-powered electric generators. The months-long diesel shortage has just recently begun to subside as China’s oil refiners have increased production to record levels and ramped up imports. Import levels of more than 50% are widely considered an energy security alert. With China’s oil and gas consumption rising at an average of 7.5% per year in recent times, domestic suppliers will need to boost their output to meet China’s massive energy needs and reduce the nation’s reliance on oil imports.

The technology to improve the efficiency and productivity of oil and gas companies has existed for years and is now gaining serious traction in China as the country becomes increasingly industrialized and its oil reserves are depleted and becoming more challenging to extract.

It has been highly anticipated that Chinese oil production will experience a shrink of almost 8.5% between the period of 2010-2020. Crude volumes are likely to go soaring in 2013, but would come back down by 2020. However, gas production is expected to rise, but it still will not be enough to contain the ever increasing demand in China. This has led to China joining many Western nations in establishing strategic petroleum reserves to provide a buffer against disruptions in the supply of imported crude oil. It is also looking forward to adopt methods to increase its domestic output of oil and gas. It is certainly hoped that it will be able to meet the demands through imports, if not by its own reserves.

In this industry scenario, Taiyou Research analyzes the Oil and Gas Industry in China. The report covers the following:

- An overview of the energy industry in Asia Pacific, including a market profile, supply and demand scenario for oil, natural gas, and the market for LNG in the region.

- An analysis of the energy industry in China.

- An analysis of the oil and gas industry in China, including a profile of the oil refineries in China, oil storage facilities in China, oil pipelines in China, LNG terminals in China, gas storage facilities in China along with the gas pipelines, as well as a profile of the coal-to-liquids projects and coal-to-gas projects in China.

- Regulations impacting the oil and gas industry in China are analyzed. Some of the regulations analyzed include the various licensing rounds, the regulations of the Chinese government on fuel and gas prices, extension of the resource tax reform, and China's energy relations with other countries.

- Competition in the industry is analyzed, followed by an analysis of the major industry players. For the major players in the oil and gas industry in China, we analyze the company overview, business segments, financials, presence in the industry, company strategies, a SWOT analysis and recent developments.

- Industry forecast includes and outlook for oil and gas demand in China, outlook for oil and gas reserves, natural gas supply and demand forecast, forecast for LNG and unconventional gas resources, outlook for the trade of oil products and the refining sector, outlook for import costs, and a forecast for other energy segments. Future challenges that may impact the forecast for the industry are also discussed, along with a forecast for the region's oil and gas industry.

Taiyou Research’s report on the Oil and Gas Industry in China is a complete profile of an industry that is on the track to become a force to reckon with in the global energy industry.
Note: Product cover images may vary from those shown
2 of 4


  • BG Group
  • BP China
  • Chevron China
  • ConocoPhillips
  • Eni
  • ExxonMobil China
  • MORE
1. Executive Summary

2. Asia Pacific Energy Industry
2.1 Market Profile
2.2 Supply and Demand Scenario of Oil
2.3 Supply and Demand Scenario of Natural Gas
2.4 Market for Liquefied Natural Gas in Asia Pacific

3. Energy Industry in China

4. Oil and Gas Industry in China
4.1 Oil Refineries in China
4.1.1 Northeast China (Dongbei)
4.1.2 East China (Huádong)
4.1.3 North West China (Xibei)
4.1.4 South Central China (Zhongnán)
4.2 Facilities for Oil Storage in China
4.3 China’s Oil Pipelines
4.3.1 ESPO Pipeline
4.3.2 Myanmar-China Pipeline
4.3.3 TransPen Pipeline
4.3.4 Coal-to-Liquids Projects
4.4 LNG Terminals in China
4.4.1 Dalian LNG Terminal
4.4.2 Jiangsu LNG Terminal
4.4.3 Jieyang LNG Terminal
4.4.4 Ningbo LNG Terminal
4.4.5 Qingdao LNG Terminal
4.4.6 Shanghai LNG Terminal
4.4.7 Shantou City LNG Terminal
4.4.8 Other LNG Terminal Projects
4.5 Facilities for Gas Storage in China
4.6 China’s Gas Pipelines
4.6.1 Myanmar-China Gas Pipeline
4.6.2 Sichuan-East China Gas Pipeline
4.6.3 West-East Pipelines
4.6.4 Russia’s Gas Pipeline to China
4.7 Coal-to-Gas Projects
4.7.1 Fuxin CTG
4.7.2 Inner Mongolia CTG

5. Regulatory Framework
5.1 Regulatory Overview
5.2 Chinese Government on Fuel Prices
5.3 Chinese Government on Gas Prices
5.4 Licensing Rounds
5.4.1 Shale Gas Licensing Round in 2010
5.4.2 Offshore Licensing Rounds
5.5 Extension of Resource Tax Reform
5.6 China’s Energy Politics
5.6.1 Relations within Asia
5.6.2 Relations with Latin America
5.6.2 Relations with Russia and Central Asia
5.7 China’s Legal System
5.8 China’s Foreign Investment Policy
5.9 Tax Policies

6. Competition in the Industry

7. Major Industry Players
7.1 China National Petroleum Corporation (CNPC)
7.1.1 Company Overview
7.1.2 Business Segments
7.1.3 Major Products & Segments
7.1.4 Presence in the Industry
7.1.5 Company Strategies
7.1.6 SWOT Analysis
7.1.7 Recent Developments
7.2 China National Offshore Oil Corporation (CNOOC)
7.2.1 Company Overview
7.2.2 Business Segments
7.2.3 Major Products & Services
7.2.4 Presence in the Industry
7.2.5 Company Strategies
7.2.6 SWOT Analysis
7.2.7 Recent Developments
7.3 China Petroleum & Chemical Corporation (Sinopec)
7.3.1 Company Overview
7.3.2 Business Segments
7.3.3 Major Products & Services
7.3.4 Presence in the Industry
7.3.5 Company Strategies
7.3.6 SWOT Analysis
7.3.7 Recent Developments
7.4 PetroChina Company Ltd.
7.4.1 Company Overview
7.4.2 Business Segments
7.4.3 Major Products & Services
7.4.4 Presence in the Industry
7.4.5 Company Strategies
7.4.6 SWOT Analysis
7.4.7 Recent Developments
7.5 BP China
7.5.1 Company Overview
7.5.2 Business Segments
7.5.3 Major Products & Services
7.5.4 Presence in the Industry
7.5.5 Company Strategies
7.5.6 SWOT Analysis
7.5.7 Recent Developments
7.6 Chevron China
7.6.1 Company Overview
7.6.2 Business Segments
7.6.3 Major Products & Services
7.6.4 Presence in the Industry
7.6.5 Company Strategies
7.6.6 SWOT Analysis
7.6.7 Recent Developments
7.7 ExxonMobil China
7.7.1 Company Overview
7.7.2 Business Segments
7.7.3 Major Products & Services
7.7.4 Presence in the Industry
7.7.5 Company Strategies
7.7.6 SWOT Analysis
7.7.7 Recent Developments
7.8 Husky Energy
7.8.1 Company Overview
7.8.2 Business Segments
7.8.3 Major Products & Services
7.8.4 Presence in the Industry
7.8.5 Company Strategies
7.8.6 SWOT Analysis
7.8.7 Recent Developments
7.9 Shell China
7.9.1 Company Overview
7.9.2 Business Segments
7.9.3 Major Products & Services
7.9.4 Presence in the Industry
7.9.5 Company Strategies
7.9.6 SWOT Analysis
7.9.7 Recent Developments
7.10 Total SA
7.10.1 Company Overview
7.10.2 Business Segments
7.10.3 Major Products & Services
7.10.4 Presence in the Industry
7.10.5 Company Strategies
7.10.6 SWOT Analysis
7.10.7 Recent Developments
7.11 BG Group
7.12 ConocoPhillips
7.13 Eni
7.14 Other Players

8. Industry Forecast
8.1 Oil and Gas Demand
8.2 Oil and Gas Reserves
8.3 Natural Gas Supply and Demand Scenario
8.4 Forecast for Unconventional Gas
8.5 Forecast for Liquefied Natural Gas
8.6 Trade of Oil Products and Refining Sector
8.7 Import Costs of the Industry
8.8 Forecast for Other Energy Sectors
8.9 Future Challenges
8.10 Regional Forecasts
8.10.1 Forecast for Oil Demand
8.10.2 Forecast for Oil Supply
8.10.3 Forecast for Refining Capacity
8.10.4 Forecast for Natural Gas Demand
8.10.5 Forecast for Natural Gas Supply

9. Appendix
9.1 China Political Landscape: SWOT Analysis
9.2 China Economic Landscape: SWOT Analysis
9.3 Figures & Tables

10. Glossary

11. Research Methodology

List of Figures

Figure 1: Oil Consumption, Production and Oil Imports in China (2000-2015)
Figure 2: Natural Gas Consumption, Production and Oil Imports in China (2000-2015)
Figure 3: Energy Intensity of the Chinese Economy
Figure 4: China's Total Energy Consumption by Type
Figure 5: Top Ten Net Oil Importers
Figure 6: China’s Energy Consumption Growth (%)
Figure 7: Oil Situation in China
Figure 8: Oil Production and Consumption in China
Figure 9: Economic Growth and Energy Use in China
Figure 10: Energy Outlook for China
Figure 11: China's Natural Gas Infrastructure

List of Tables

Table 1: Oil Consumption in Asia Pacific (000 b/d)
Table 2: Oil Production in Asia Pacific (000 b/d)
Table 3: Oil Refining Capacity in Asia Pacific (000 b/d)
Table 4: Gas Consumption in Asia Pacific (bcm)
Table 5: Gas Production in Asia Pacific (bcm)
Table 6: Import/Export Scenario of LNG (bcm)
Table 7: Oil and Gas Industry in China (2008-2015)
Table 8: Oil Refineries in China with over 200,000b/d Capacity
Table 9: Strategic Petroleum Reserves in China
Table 10: China's Capacity for Commercial Oil Storage
Table 11: LNG Terminals in China
Table 12: Leading Players in the Chinese Oil and Gas Industry
Table 13: Leading Upstream Players
Table 14: Leading Downstream Players
Table 15: Forecast for Other Energy Sectors in China
Table 16: Forecast for Oil Consumption in Asia Pacific (000 b/d)
Table 17: Forecast for Oil Production in Asia Pacific (000 b/d)
Table 18: Forecast for Refining Capacity in Asia Pacific (000 b/d)
Table 19: Forecast for Natural Gas Consumption in Asia Pacific (000 b/d)
Table 20: Forecast for Natural Gas Production in Asia Pacific (000 b/d)
Table 21: Energy Consumption in China – By Type
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- China Petroleum & Chemical Corporation (Sinopec)
- China National Offshore Oil Corporation (CNOOC)
- China National Petroleum Corporation (CNPC)
- Total SA
- BG Group
- ConocoPhillips
- Eni
- PetroChina Company Ltd.
- BP China
- Chevron China
- ExxonMobil China
- Husky Energy
- Shell China
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown