2007-2008 Annual Report on China Natural Gas Market

http://www.chinaccm.com 2008-5-9 11:28

Published:           April 2008
Price (USD):        $2,000 / Hard Copy
                               $2,400 /single user PDF licence

Report Highlights

Natural gas has the advantages of cleanness, high efficiency, rich resources and easy transportation. Currently, coal accounts for 72% of China's energy consumption, while natural gas only accounts for 2.5%, far lower than the world average (25%). This is also lower than the average level (8.8%) in Asia. Currently, the per capita natural gas consumption of the world is 403m3/year, while the amount in China is only 25m3/year. Data shows that China's accumulated natural gas output in January-October 2007 stood at 560.895165 millionm3, up by 20.11£¥ year-on-year. Taken the price of the same month of the price as 100, China's natural gas price index is 105.39.

Since 2005, China's natural gas consumption structure is changing. The chemical industry and urban fuel gas account for over 60% of the total consumption. As fuel gas rapidly replaces fuel coal in household consumption, urban fuel gas consumption has been growing the fastest. As the demand for natural gas grows, China's consumption structure will be further optimized in the future. Natural gas will gradually become the main fuel in the urban fuel gas market, and the level of urbanization will rise to 55%¨C60% in 2020 from 43% at present. In addition, the natural gas demand will also shift regionally.

By 2010, natural gas demand is expected to reach 100 billion cubic meters, while the output will amount to 80 billion cubic meters, leaving a gap of over 20 billion cubic meters. By 2020, natural gas demand will top 200 billion cubic meters, while the output will only stand at 100 billion cubic meters. The remaining 50% will rely on imports.

In the face of competitions as well as market changes and challenges, the 2007-2008 Annual Report on China's Natural Market released by our team will help enterprises, investors and industry persons to more accurately grasp the growth pattern of China's natural gas market, see through the market development trend, and make active preparations for possible changes:
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More comprehensive and in-depth analysis of industry competitions. In addition to summing up key enterprises' performances from such diversified dimensions as competition pattern in market segments, competition strategies and SWOT analysis, our team draws upon its profound understanding of the energy industry to assess the elements for market successes and reveal the structure and competition pattern of China's natural gas industry from multiple perspectives.
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More scientific and comprehensive forecast for future growth. Develop regression models, carry out expert validation for all key market segments and perform linkage analysis with related industry processes to ensure the presentation of valuable trend analysis and quantitative forecast results. our team also puts forward pertinent development strategies and recommendations for the government, enterprises and investors.

Report Framework

Table of Contents
Main Conclusions
Key Findings

Chapter I    Overview of the Global Natural gas Market in 2007

(I) Status of Growth
1. Market size
2. Global market structure and layout
(II) Basic Characteristics
1. Natural gas will dominate the global primary energy structure and have a huge room for growth.
2. Global oil and natural gas production capacity will continue to grow, while demand will rise by 2.4% annually.
3. The world natural gas industry will enter a "golden" period of growth.
(III) Major Countries and Regions
1. Russia
2. The United States
3. Iran
4. Indonesia

Chapter II    Overview of China's Natural gas Market in 2007

(I) The Growth Environment
(II) Status of Growth
1. Market size
2. Regional structure
3. Market structure
(III) Characteristics of Growth
1. China's natural gas industry has a bright future.
2. China's natural gas consumption structure is changing, and will be further optimized.
3. Natural gas prices in China still have a big room for rises.
(IV) Existing Problems
1. The percentage of natural gas in China's primary energy consumption is still rather low.
2. Energy consumption structure is not rational, and there are mounting pressures for environmental protection
3. Domestic demand for natural gas consumption continues to rise, and the supply gas widens year by year.
4. Low gas prices in China further intensified supply and demand gaps.
5. Transportation is a key to ease natural gas supply shortages.
6. Exploration and development become more difficult and resources are not evenly distributed.
(V) Market segments
1. Urban fuel gas
2. Chemical-use natural gas
3. Power generation-use natural gas
4. Automobile-use natural gas
5. Liquefied natural gas (LNG)

Chapter III    Forecast for China's Natural Gas Market, 2008-2010

(I) Influential Factors
1. Policy factors
2. Economic impact
3. Social factors
(II) Forecast for Market Growth
1. Forecast for market size
2. Forecast for market structure
3. Forecast for regional structure

Chapter IV    Trend of China's Natural gas Market, 2008-2010

(I) Trend of Production and Consumption
(II) Product Development Trend
(III) Trend of Price Changes

Chapter V    Competitions in China's Natural gas Market in 2007

(I) Competition Pattern
1. Overall Competition Pattern
2. Potential entrants and substituting products
(II) Leading Enterprises' Competition Strategies
1. CNPC's Competitive Advantages and Development Strategies
2. SINOPEC's Competition Strategies
3. CNOOCs Competition Strategies
4. Other enterprises

Chapter VI    User Demand for Natural Gas in China

(I) Three pipelines change the market pattern.
(II) Three major factors give birth to the fuel gas market.
1. Industry-use gas increases.
2. Market nurturing
3. Development and improvement of pipeline systems

Chapter VII    Recommendations

Figures

Fig.1 Changes in World Natural Gas Reserves (Tm3)
Fig.2 Remaining Proven Recoverable Natural Gas in Major Countries in 2007
Fig.3 Changes in US LNG Exports Volume in Relation to Price
Fig.4 Levels of US Natural Gas Sticks
Fig.5 Trend of China's Crude Oil Imports
Fig.6 China's Oil and Natural Gas Output, 2001-2006
Fig.7 Comparison of Growth of Natural Gas and Oil Consumption
Fig.8 China's Energy Production Structure
Fig.9 China's Energy Consumption Structure
Fig.10 International natural gas Prices
Fig.11 Trend of International natural gas Prices in Recent Years
Fig.12 China's Energy Consumption Structure
Fig.13 World Energy Consumption Structure
Fig.14 Forecast for Natural Gas Prices
Fig.15 Three Major Companies' Percentages of Natural gas Reserves in 2006
Fig.16 Three Major Companies' Percentages of Natural gas Output in 2006
Fig.17 CNPC's International Business Map
Fig.18 CNPC's Oil and Natural Gas Production Grows Fast.
Fig.19 Percentage of Natural Gas's Oil Equivalent in China's Upstream Oil Business Will Rise Rapidly
Fig.20 Percentage of Natural gas in China's Upstream Oil Sales Revenues Will Rise Rapidly
Fig.21 CNPC's Natural Gas Pipeline Network
Fig.22 Forecast for Companies' Main Business Revenues

Tables

Table 1 World's Top 10 Natural gas Consumers in the 21st Century (and 12th-placed China)
Table 2 Status of Natural Gas Supply and Demand in Russia in 2010
Table 3 US EIA's Latest Statistics on Natural Gas Stocks (Unit: MMcft3)
Table 4 Distribution of China's Natural Gas Reserves (Data by End of 2005)
Table 5 Comparison of Oil and Natural Gas Prices
Table 6 Natural Gas Price Rises' Impact on Three Major Companies' EPS
Table 7 Main Oil and Natural Gas Prices on Some Cities in China in 2004
Table 8 Ex-Works Reference Price of Natural Gas (RMB/km3)
Table 9 Forecast for Oil and Natural Gas Supply Abilities
Table 10 Forecast for China's Future Oil and Natural Gas Demand
Table 11 New Natural Gas Price Formation Mechanisms Forebode Long-term Price Rises (RMB/km3)
Table 12 Theoretical Ex-Works Price of West-East LNG CIF Shanghai
Table 13 Ex-Works Reference Price of Current Grade I Natural Gas in China
Table 14 Terminal Natural Gas Prices of Some OECD Countries
Table 15 Comparison of Natural Gas Business Between Major Companies in 2006
Table 16 CNPC's International Business Expansion History
Table 17 Impact of Natural Gas Price Rises on SINOPEC
Table 18 Forecast for China's Future Oil and Natural Gas Demand