1 Table Of Contents
1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 China Energy Sector 10
2.1 China Energy Sector, Market Overview 10
2.2 China Energy Sector, Natural Gas 11
2.2.1 China Natural Gas, Overview 11
2.2.2 China Natural Gas, Supply and Demand Balance 11
2.2.3 China Natural Gas, Regulatory Structure 17
2.2.4 China Natural Gas, Infrastructure 17
3 China Gas Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 20
3.3.1 Maximum Government Take Index 21
3.3.2 Maximum State Participation 21
3.4 Gas Sector Performance 22
3.4.1 Exploration Activity 24
3.4.2 Gas Production 25
3.4.3 Gas Reserves 25
3.4.4 Gas Consumption 25
3.5 Economic Performance 26
3.5.1 GDP Growth Index 27
3.5.2 FDI Confidence Index 27
3.5.3 Balance of Trade Index 28
3.6 Socio-Political Performance 28
3.6.1 Democracy Index 30
3.6.2 Governance Index 30
4 China Exploration and Production Sector 31
4.1 China Exploration and Production Sector, Country Snapshot 31
4.1.1 China Exploration and Production Sector, Key Data 31
4.1.2 China Exploration and Production Sector, Natural Gas Assets Map 31
4.2 China Exploration and Production Sector, Marketed Natural Gas Production 32
4.2.1 China Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 32
4.2.2 China Exploration and Production Sector, Marketed Natural Gas Production by Type 33
4.2.3 China Exploration and Production Sector, Marketed Natural Gas Production by Assets 34
4.2.4 China Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 35
4.2.5 China Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 36
4.3 China Exploration and Production Sector, Marketed Natural Gas Forecasts 38
4.3.1 China Exploration and Production Sector, Marketed Natural Gas Forecasted Production 38
4.4 China Exploration And Production Sector, Natural Gas Asset Details 39
4.4.1 China Exploration And Production Sector, Active Natural Gas Asset Details 39
4.4.2 China Exploration And Production Sector, Planned Natural Gas Asset Details 41
4.5 China Exploration And Production Sector, Major Gas Discoveries 42
4.5.1 China Exploration And Production Sector, Number of Gas Discoveries, 2005- 2010 42
4.5.2 China Exploration And Production Sector, Gas Discovery Details 43
4.6 China Exploration And Production Sector, Recent Discoveries 43
4.6.1 May 12, 2011: CAMAC Energy Announces Gas Discovery On ZJS-03 Well In China 43
4.6.2 Apr 27, 2011: Sinopec Discovers Two Gas Wells At Yuanba District In Sichuan Province, China 44
4.6.3 Apr 05, 2011: Enviro Energy Encounters CBM Interval At LHG10-01 Well In Xinjiang, China 44
4.6.4 Mar 18, 2011: Sinopec Finds Chunfeng Oilfield At Karamay In Xinjiang Uygur Autonomous Region, Northwest China 45
4.6.5 Jan 17, 2011: Ivanhoe Energy Announces Deep Gas Discovery On Zitong Block In China 45
4.7 China Exploration And Production Sector, Drilling and Production Updates 47
4.7.1 Apr 15, 2011: Sinopec To Increase Gasoline And Diesel Production In April 2011 47
4.7.2 Apr 08, 2011: PetroChina's Daqing Oilfield Produces 10.035 MMt Of Crude Oil In Q1 2011 47
4.7.3 Apr 07, 2011: CAMAC Energy Announces Spudding And Progress Of ZJS-3 Well In China 47
4.7.4 Mar 17, 2011: CNPC Boosts Overseas Output 48
4.7.5 Mar 08, 2011: Green Dragon Gas Provides Reserves Update 48
5 China FPSO Industry 49
5.1 China FPSO Industry, FPSO Capacity Details by Vessel 49
5.2 China FPSO Industry, FPSO Vessel Specifications 49
6 China Pipeline Sector 50
6.1 China Pipeline Sector, Key Data 50
6.2 China Pipeline Sector, An Overview 50
6.3 China Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 50
6.4 China Pipeline Sector, Natural Gas Pipelines 52
7 China LNG Sector 57
7.1 China LNG Sector, Key Data 57
7.2 China LNG Sector, Regasification 57
7.2.1 China LNG Sector, Regasification, Total Regasification Capacity 57
7.2.2 China LNG Gas Sector, Capacity- Wise Market Share by Company 58
7.2.3 China LNG Sector, Regasification Capacity by Terminal 60
8 China Underground Gas Storage Sector 61
8.1 China Underground Gas Storage Sector, Key Data 61
8.2 China Underground Gas Storage Sector, An Overview 61
8.3 China Underground Gas Storage Sector, Capacity-Wise Market Share by Company 61
8.4 China Underground Gas Storage Industry 63
8.4.1 Underground Gas Storage Industry in China, Storage Capacity by Area, May 2011 63
8.5 China Underground Gas Storage Sector, Storage Capacity 64
8.5.1 China Underground Gas Storage Sector, Storage Capacity of Active Terminals 64
9 Profile of CNOOC Limited 65
9.1 CNOOC Limited, Key Information 65
9.2 CNOOC Limited, Company Overview 65
9.3 CNOOC Limited, Business Description 65
9.3.1 Business Overview 65
9.3.2 Independent Operations 66
9.3.3 Production Sharing Contracts 66
9.3.4 Trading 67
9.4 CNOOC Limited, SWOT Analysis 67
9.4.1 Overview 67
9.4.2 CNOOC Limited Strengths 68
9.4.3 CNOOC Limited Weaknesses 69
9.4.4 CNOOC Limited Opportunities 69
9.4.5 CNOOC Limited Threats 70
10 Profile of PetroChina Company Limited 72
10.1 PetroChina Company Limited, Key Information 72
10.2 PetroChina Company Limited, Company Overview 72
10.3 PetroChina Company Limited, Business Description 72
10.3.1 Business Overview 72
10.3.2 Exploration and Production 73
10.3.3 Marketing 74
10.3.4 Natural Gas and Pipeline 75
10.3.5 Refining and Chemicals 77
10.4 PetroChina Company Limited, SWOT Analysis 79
10.4.1 Overview 79
10.4.2 PetroChina Company Limited Strengths 79
10.4.3 PetroChina Company Limited Weaknesses 80
10.4.4 PetroChina Company Limited Opportunities 81
10.4.5 PetroChina Company Limited Threats 83
11 Profile of China Petroleum & Chemical Corporation 85
11.1 China Petroleum & Chemical Corporation, Key Information 85
11.2 China Petroleum & Chemical Corporation, Company Overview 85
11.3 China Petroleum & Chemical Corporation, Business Description 85
11.3.1 Business Overview 85
11.3.2 Chemicals 86
11.3.3 Exploration and Production 86
11.3.4 Marketing and Distribution 87
11.3.5 Others 88
11.3.6 Refining 88
11.4 China Petroleum & Chemical Corporation, SWOT Analysis 89
11.4.1 Overview 89
11.4.2 China Petroleum & Chemical Corporation Strengths 90
11.4.3 China Petroleum & Chemical Corporation Weaknesses 91
11.4.4 China Petroleum & Chemical Corporation Opportunities 92
11.4.5 China Petroleum & Chemical Corporation Threats 94
12 Financial Deals Landscape 95
12.1 Detailed Deal Summary 95
12.1.1 Acquisition 95
12.1.2 Equity Offerings 101
12.1.3 Debt Offerings 104
12.1.4 Partnerships 108
12.1.5 Asset Transactions 112
13 Recent Developments 114
13.1 License Rounds 114
13.1.1 Apr 26, 2011: Six Domestic Firms Qualify For China's First Shale Gas Auction 114
13.1.2 Jan 20, 2011: China To Offer Eight Shale Gas Exploration Blocks In Q1 2011 114
13.2 License Awards 114
13.2.1 Apr 01, 2011: Dart Energy Announces Approval Of Dajing PSC In China 114
13.2.2 Apr 20, 2010: CNOOC Receives Approval From NDRC To Construct Zhuhai LNG Project In China 115
13.2.3 Mar 25, 2010: Fortune Oil Wins Extension For Liulin CBM Exploration Block In China 115
13.3 Strategy and Business Expansion 116
13.3.1 Mar 16, 2011: Gazprom, CNPC Discuss Gas Delivery To China 116
13.3.2 Mar 14, 2011: CNPC And Guizhou Provincial Government Sign Strategic Cooperation Framework Agreement 117
13.3.3 Mar 04, 2011: CNPC Signs Oil And Gas Cooperation Agreement With Shandong Provincial Government 117
13.4 Other Significant Developments 117
13.4.1 May 19, 2011: Sino Gas Completes Equipment Mobilization For TB09 Flow Test Program 117
13.4.2 May 11, 2011: Sino Gas Commences 2011 Well Testing Program 118
13.5 New Contracts Announcements 119
13.5.1 Mar 29, 2011: Icon Energy Signs LNG Sales Agreement With Shantou SinoEnergy 119
13.5.2 Mar 07, 2011: Telvent To Provide LNG Supply Management Platform To CNOOC 121
14 Appendix 122
14.1 Abbreviations 122
14.2 Methodology 122
14.2.1 Coverage 122
14.2.2 Secondary Research 123
14.2.3 Primary Research 123
14.2.4 Expert Panel Validation 123
14.3 Contact Us 124
14.4 Disclaimer 124