PetroChina rethinking its LNG strategy

PetroChina rethinking its LNG strategy

PetroChina was forced to think over its strategy of producing LNG as transport fuel to over 80,000 LNG vehicles on China’s roads, as its unit, Kunlun Energy shut down two major plants in the past month.

According to sources, Kunlun’s utilization of its plants has fallen bellow 50% as China’s economy slowed down and feed gas prices were pushed up, reports Reuters.

Kunlun Energy has spent billions on several LNG plants and over 600 fueling stations and is now testing a new 600,000 tpy facility in Tai’an, that is according to sources, doomed to incur losses as soon as it starts operation.

PetroChina has stopped the expansion of its onshore LNG business to look into the existing facilities’ economics.

 

LNG World News Staff, August 18, 2014; Image: PetroChina

 

 

 

Share this article

Follow LNG World News

2 thoughts on “PetroChina rethinking its LNG strategy”

Comments are closed.

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >