China's diesel exports in April to maintain a record high in the vicinity of natural gas imports increased by 31%
2016.05.24
According to data released by the Chinese Customs on Saturday (May 21st), as the world's largest energy consumer, China's April exports of 1 million 240 thousand tons of diesel, a slight decrease of 1 million 250 thousand tons in March, a record level of tons. At the same time, in April the pipeline gas imports increased by nearly 31%, liquefied natural gas imports increased to three month high.
Because refiners seek to meet rising demand for gasoline, April crude oil processing volume hit a record China scale, this helped push crude oil imports are near record highs. At the same time, diesel consumption slowed, prompting them to seek buyers from overseas.
The China government decided not to cut retail prices when oil prices below $40 a barrel, which makes the domestic sales profits temporarily higher, earlier this year China diesel exports slowing, oil prices rebounded sharply after Brent from a 12 year low, which makes the export sales attractive again.
China Customs data show that in April the pipeline gas imports increased to 2 million 800 thousand tons, imports of liquefied natural gas increased by 22%, to 1 million 890 thousand tons.
At present, China is seeking to increase the proportion of natural gas in the energy sector, in order to replace coal and oil. To stimulate demand, the government set the price of natural gas in November last year cut.
Although the price of natural gas is still considered too high, it is difficult to stimulate consumption enough to help China by 2020 natural gas consumption in primary energy consumption in the proportion of 10% of the target, but five months since the price of natural gas, natural gas imports are higher than 2 million 600 thousand tons per month Chinese. Last year, the average monthly import volume of natural gas is less than 2 million 100 thousand tons.
Editor: Li Jun
Tags: diesel exports of natural gas imports
Because refiners seek to meet rising demand for gasoline, April crude oil processing volume hit a record China scale, this helped push crude oil imports are near record highs. At the same time, diesel consumption slowed, prompting them to seek buyers from overseas.
The China government decided not to cut retail prices when oil prices below $40 a barrel, which makes the domestic sales profits temporarily higher, earlier this year China diesel exports slowing, oil prices rebounded sharply after Brent from a 12 year low, which makes the export sales attractive again.
China Customs data show that in April the pipeline gas imports increased to 2 million 800 thousand tons, imports of liquefied natural gas increased by 22%, to 1 million 890 thousand tons.
At present, China is seeking to increase the proportion of natural gas in the energy sector, in order to replace coal and oil. To stimulate demand, the government set the price of natural gas in November last year cut.
Although the price of natural gas is still considered too high, it is difficult to stimulate consumption enough to help China by 2020 natural gas consumption in primary energy consumption in the proportion of 10% of the target, but five months since the price of natural gas, natural gas imports are higher than 2 million 600 thousand tons per month Chinese. Last year, the average monthly import volume of natural gas is less than 2 million 100 thousand tons.
Editor: Li Jun
Tags: diesel exports of natural gas imports
