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Analyzing the Oil & Gas Industry in China 2016

  • ID: 2745088
  • Report
  • September 2016
  • Region: China
  • 265 Pages
  • Aruvian Research


  • BP China
  • Chevron Corporation
  • ExxonMobil China
  • Husky Energy
  • Shell China
  • Total SA
China is one of the biggest players in the global oil and gas industry. Since 2012, the country has been in the top three biggest producers and consumers of oil in the world. On the other hand, natural gas is not too much of a popular option in the country, though the usage of natural gas is also rising over the years, yet oil demand remains set to grow substantially in China. Due to damage caused by flooding to the country's oil fields in 2013, the US overtook China in September 2013 to become the world's biggest importer or oil.

The potential of unconventional gas resources is significant in the Chinese oil and gas industry. Shale gas and coal bed methane (CBM) are witnessing a relatively strong growth in terms of exploration. China is also exploring the potential of methane hydrates as an energy sources from the seabed.

This research analyzes the Oil and Gas Industry in China in its research report Analyzing the Oil and Gas Industry in China 2016. The report is a complete coverage of the growing industry for oil and gas in the country. We begin with an insight into the industry background and then analyze the energy industry in China briefly through a Porter's Five Forces Strategy Analysis. Moving to the analysis of the oil and gas industry in China we analyze the industry through an overview, regulation of the energy industry in China, the energy policy in the country and the regulatory framework governing the oil and gas industry in China.

Energy relations with other countries and the popular concept of oil-for-loan deals in China are analyzed. We analyze China's cooperation in the field of oil and gas with several countries such as Kazakhstan, Brazil, Turkmenistan, Russia, Venezuela and others. The dispute over the South China Sea and China's particular interest in this area is also looked at. This report also analyzes the growing Chinese investment in the African region.

We also analyze the oil and gas reserves in China, offshore reserves and exploration in China, coal bed methane market, shale oil and gas in China, reserves of methane hydrates in China along with a forecast for the Chinese oil and gas sector. A SWOT framework analysis of the Chinese oil and gas industry is included.

An in-depth analysis of the oil sector in China follows next. The sector is analyzed through an overview, pricing reforms in the sector, oil exploration and production (both onshore and offshore), supply and demand scenario and the consumption of oil in China. We take a look at the strategic oil reserves in China, oil imports, the various oil pipelines, along with a sector outlook up to 2017 and beyond.

China has the second largest refining industry in the world after the United States. We analyze the refining sector separately in this report through the major refining regions in China and the major refineries in China, along with industry statistics.

The potential of coal to liquids and coal to gas in China is analyzed as well in this report.

Moving on to the analysis of the gas sector in China, we include an industry overview, the pricing of natural gas in China, natural gas exploration and production through various regions as well as offshore gas production. Supply and demand scenario is included up to 2022. Consumption and storage of natural gas is looked at, followed by an analysis of the major gas pipelines in China. The report analyzes the potential for coal bed methane (CBM) and shale gas in China, along with gas production from tight formations. Market outlook up to 2022 is included.

An analysis of the LNG market in China is included as well.

Competition in the industry and a thorough analysis of the major industry players completes this research report. Each industry player is analyzed through a corporate profile, business segment analysis, company strategies, industry position, financial analysis and a SWOT analysis. In the case of foreign companies, we include an overview of their operations and strategies in China.
Note: Product cover images may vary from those shown


  • BP China
  • Chevron Corporation
  • ExxonMobil China
  • Husky Energy
  • Shell China
  • Total SA
A. Executive Summary

B. Industry Background

C. Energy Industry in China - Porter’s Five Forces Strategy Analysis
C.1 Introduction
C.2 Bargaining Power of Buyers
C.3 Bargaining Power of Suppliers
C.4 Competitive Rivalry in the Industry
C.5 Threat of New Entrants
C.6 Threat of Substitutes
C.7 Conclusion

D. Oil & Gas Industry in China
D.1 Industry Overview
D.2 Regulation of the Energy Industry in China
D.3 China’s Energy Policy
D.4 Regulatory Framework
D.5 Energy Relations/Oil-for-Loan Deals
D.5.1 Overview
D.5.2 Significance of Africa for China
D.5.3 Cooperation with Kazakhstan
D.5.4 Cooperation with Russia
D.5.5 Cooperation with Turkmenistan
D.5.6 Cooperation with Brazil
D.5.7 Cooperation with Ecuador
D.5.8 Cooperation with Venezuela
D.5.9 Energy Relations with Japan
D.5.10 Energy Relations with Myanmar
D.5.11 Energy Relations with Taiwan
D.6 Dispute over South China Sea
D.7 Dispute over East China Sea
D.8 Oil & Gas Reserves
D.9 Offshore Reserves & Exploration
D.10 Coal Bed Methane in China
D.11 Shale Oil & Gas in China
D.12 Reserves of Methane Hydrates
D.13 Industry Forecast

E. Oil & Gas Industry in China: SWOT Analysis
E.1 Strengths
E.2 Weaknesses
E.3 Opportunities
E.4 Threats

F. Oil Industry in China
F.1 Industry Overview
F.2 Pricing Reform in the Oil Sector
F.3 Oil Exploration & Production in China
F.3.1 Onshore Oil Production
F.3.2 Offshore Oil Production
F.4 Supply & Demand Scenario
F.5 Consumption of Oil
F.6 Strategic Oil Reserves in China
F.7 Oil Imports
F.8 Oil Pipelines
F.8.1 Atasu-Alashankou Pipeline
F.8.2 ESPO Pipeline
F.8.3 Myanmar-China Pipeline
F.8.4 Pakistan-China Pipeline
F.8.5 Rizhao-Dongming Pipeline
F.9 Acquisitions of International Projects
F.10 National Oil Companies in China
F.11 Market Outlook

G. Refining Industry in China
G.1 Industry Overview
G.2 Refineries in Dongbei
G.3 Refineries in Huádong
G.4 Refining in Xibei
G.5 Refineries in Xinan
G.6 Refineries in Zhongnán

H. Coal-to-Liquids in China

I. Gas Industry in China
I.1 Industry Overview
I.2 Pricing of Natural Gas in China
I.3 Natural Gas Exploration & Production in China
I.3.1 Sichuan Basin
I.3.2 Xinjiang Uygur Autonomous Region
I.3.3 Ordos Basin
I.3.4 Offshore Gas Production
I.4 Supply & Demand Scenario
I.5 Consumption of Natural Gas
I.6 Natural Gas Storage
I.7 Gas Pipelines
I.7.1 Altai Gas Pipeline
I.7.2 Central Asian Gas Pipeline (CAGP)
I.7.3 Coal Bed Methane Pipeline
I.7.4 Myanmar-China Gas Pipeline
I.7.5 Sichuan-East China Gas Pipeline
I.7.6 Sichuan Shale Gas Pipeline
I.7.7 West-East Pipeline
I.7.8 International Pipelines
I.8 Market for Coal Bed Methane and Shale Gas
I.9 Gas Production from Tight Formations
I.10 National Oil & Gas Companies in China
I.11 Market Outlook

J. Liquefied Natural Gas in China
J.1 Industry Overview
J.2 LNG Imports
J.3 LNG Receiving Terminals
J.3.1 Terminals in Dongbei
J.3.2 Terminals in Huabei
J.3.3 Terminals in Huadong
J.3.4 Terminals in Xinan
J.3.5 Terminals in Zhongnan
J.4 LNG Storage

K. Coal to Gas in China

L. Competition in the Industry

M. Major Industry Players
M.1 China National Petroleum Corporation
M.1.1 Corporate Analysis
M.1.2 Company Strategy
M.1.3 Industry Position
M.1.4 Financial Analysis
M.1.5 SWOT Analysis
M.2 China National Offshore Oil Corporation
M.2.1 Corporate Analysis
M.2.2 Company Strategy
M.2.3 Industry Position
M.2.4 Financial Analysis
M.2.5 SWOT Analysis
M.3 China Petroleum & Chemical Corporation (Sinopec)
M.3.1 Corporate Analysis
M.3.2 Company Strategy
M.3.3 Industry Position
M.3.4 Financial Analysis
M.3.5 SWOT Analysis
M.4 PetroChina Company Limited
M.4.1 Corporate Analysis
M.4.2 Company Strategy
M.4.3 Industry Position
M.4.4 Financial Analysis
M.4.5 SWOT Analysis
M.5 Shell China
M.5.1 Corporate Profile
M.5.2 Business Segment Analysis
M.5.3 Company Strategy
M.5.4 Industry Position
M.5.5 Financial Analysis
M.5.6 SWOT Analysis
M.6 ExxonMobil China
M.6.1 Corporate Profile
M.6.2 Business Segment Analysis
M.6.3 Company Strategy
M.6.4 Industry Position
M.6.5 Financial Analysis
M.6.6 SWOT Analysis
M.7 BP China
M.7.1 Corporate Profile
M.7.2 Business Segment Analysis
M.7.3 Company Strategy
M.7.4 Industry Position
M.7.5 Financial Analysis
M.7.6 SWOT Analysis
M.8 Chevron Corporation
M.8.1 Corporate Analysis
M.8.2 Company Strategy
M.8.3 Industry Position
M.8.4 Financial Analysis
M.8.5 SWOT Analysis
M.9 Husky Energy
M.9.1 Corporate Analysis
M.9.2 Company Strategy
M.9.3 Industry Position
M.9.4 Financial Analysis
M.9.5 SWOT Analysis
M.10 Total SA
M.10.1 Corporate Analysis
M.10.2 Company Strategy
M.10.3 Industry Position
M.10.4 Financial Analysis
M.10.5 SWOT Analysis

N. Appendix

O. Glossary of Terms

List of Figures

Figure 1: Imports of Crude Oil to China by Geographic Segmentation (in '000 Barrels per Day), 2009-2013
Figure 2: Crude Oil Exports from Latin American Countries to China (in '000 Barrels per Day), 2009-2013
Figure 3: Methane Hydrate Reserves in Shenhu Region in South China Sea
Figure 4: Leading 10 Net Oil Imports (in Million Barrels per Day), 2014
Figure 5: Production & Consumption of Oil in China (in million barrels per day), 1993-2016
Figure 6: Largest Oil Fields in China
Figure 7: Major Oilfields in China
Figure 8: Crude Oil Imports in China by Destination (in thousand barrels per day), 2014
Figure 9: Major Oil Pipelines in China
Figure 10: Imports, Production & Consumption of Refined Petroleum in China (in '000 Barrels per Day), 2001-2017
Figure 11: Natural Gas Production & Consumption in China (in billion cubic feet), 2000-2013
Figure 12: Major Oil and Natural Gas Pipelines in China
Figure 13: Shale Oil Basins in China
Figure 14: Natural Gas Production, Consumption & Exports in China (in bcm), 2001-2017
Figure 15: Major Import Destinations for China LNG Market (%), 2014
Figure 16: LNG Terminals in China - Planned, Under Construction & Present
Figure 17: Revenues & Profitability of CNPC (in USD Million), 2009-2013
Figure 18: Revenues & Profitability of Sinopec (in USD Million), 2009-2013
Figure 19: Revenues & Profitability of PetroChina Company (in USD Million), 2009-2013
Figure 20: Administrative Control of Chinese NOCs
Figure 21: Chinese Regulatory Bodies before March 2008 Reforms
Figure 22: Chinese Regulatory Bodies after March 2008 Reforms
Figure 23: Structure for Oil-for-Resources Deal

List of Tables

Table 1: Investment in African Upstream Projects by China
Table 2: Investment in African Downstream Projects by China
Table 3: Proven Reserves of Oil & Gas and Hydrocarbons Production & Consumption in China, 2011-2016
Table 4: Proven Reserves of Oil & Gas and Hydrocarbons Production & Consumption in China, 2017-2022
Table 5: Oil & Gas Reserves in East China & South China Sea
Table 6: Shale Gas in China versus Other Shale Fields
Table 7: Development of Shale Gas in China
Table 8: Oil Production & Exports in China, 2011-2016
Table 9: Strategic Petroleum Reserves in China
Table 10: Commercial Oil Storage Capacity in China
Table 11: Commercial Oil Storage Terminals in China
Table 12: Forecast for Oil Production & Exports in China, 2017-2022
Table 13: Major Refinery Projects and Expansions
Table 14: Refining in China - Production & Consumption, 2011-2016
Table 15: Refining Forecast in China - Production & Consumption, 2017-2022
Table 16: Refineries in China
Table 17: Gas Production, Consumption & Exports in China, 2011-2016
Table 18: Forecast for Gas Production, Consumption & Exports in China, 2017-2022
Table 19: Major LNG Terminals in China (Current & Upcoming/Proposed)
Table 20: LNG Supply Deals of China
Table 21: Performance of the Major Players in the Chinese Oil & Gas Industry
Table 22: Major Upstream Players & their Statistics
Table 23: Major Downstream Players & their Statistics
Table 24: Petroleum Resources of Three Main Exploratory Blocks in China
Table 25: Petroleum Resources of Main Petroliferous Basins (in million tons)
Table 26: Natural Gas Resources of Three Main Blocks of China
Table 27: Natural Gas Resources of Main Gas-Bearing Basins in China (1012 m3)
Table 28: Stock Market Listings of China’s National Oil Companies
Table 29: China's Petroleum Industry: Background
Note: Product cover images may vary from those shown
- BP China
- Chevron Corporation
- China National Offshore Oil Corporation
- China National Petroleum Corporation
- China Petroleum & Chemical Corporation (Sinopec)
- ExxonMobil China
- Husky Energy
- PetroChina Company Limited
- Shell China
- Total SA
Note: Product cover images may vary from those shown