Summary
This profile is the essential source for top-level energy industry data and information. The report provides an overview of the gas industry in China. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in China. The report also analyses the fiscal regime relevant to the gas assets in China and compares the investment environment in China with other countries in the region. The profiles of the major companies operating in the gas sector in China together with the latest news and deals are also included in the report.

Scope
-Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the gas industry for the period 1995-2020.
-Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage facilities in China Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
-Operator and equity details for major gas assets in China Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020
-Key information relating to market regulations, key energy assets and the key companies operating in the China Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020's gas industry.
-Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
-Information on the top companies in the China Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 including business description, strategic analysis, and financial information.
-Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
-Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy
-Gain a strong understanding of the country's energy market.
-Facilitate market analysis and forecasting of future industry trends.
-Evaluate the attractiveness of the geography for gas investment in the light of government policies and the fiscal environment.
-Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
-Understand the geography's policies and fiscal terms, and their impact on contractor's profits from upstream gas assets.
-Assess your competitor's major natural gas assets and their performance.
-Analyze the latest news and financial deals in the gas sector of each country.
-Develop strategies based on the latest operational, financial, and regulatory events.
-Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
-Identify and analyze the strengths and weaknesses of the leading companies in the country.

Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 11
2 China Energy Sector 12
2.1 China Energy Sector, Market Overview 12
2.2 China Energy Sector, Natural Gas 13
2.2.1 China Natural Gas, Overview 13
2.2.2 China Natural Gas, Supply and Demand Balance 13
2.2.3 China Natural Gas, Regulatory Structure 18
2.2.4 China Natural Gas, Infrastructure 18
3 China Fiscal Regime 19
3.1 China Petroleum Fiscal Environment 19
3.2 License Terms 20
3.3 Key Fiscal Terms 21
3.4 Sample Cashflows Calculations 26
4 China Gas Upstream Investment Environment Benchmarking 27
4.1 Introduction 27
4.2 The Overall Ranking 27
4.3 Upstream Fiscal Attractiveness 27
4.3.1 Maximum Government Take Index 29
4.3.2 Maximum State Participation 29
4.4 Gas Sector Performance 30
4.4.1 Exploration Activity 32
4.4.2 Gas Production 33
4.4.3 Gas Reserves 33
4.4.4 Gas Consumption 33
4.5 Economic Performance 34
4.5.1 GDP Growth Index 35
4.5.2 FDI Confidence Index 35
4.5.3 Balance of Trade Index 36
4.6 Socio-Political Performance 36
4.6.1 Democracy Index 38
4.6.2 Governance Index 38
5 China Exploration and Production Sector 39
5.1 China Exploration and Production Sector, Country Snapshot 39
5.1.1 China Exploration and Production Sector, Key Data 39
5.1.2 China Exploration and Production Sector, Natural Gas Assets Map 39
5.2 China Exploration and Production Sector, Marketed Natural Gas Production 40
5.2.1 China Exploration and Production Sector, Marketed Natural Gas-Historical Production 40
5.2.2 China Exploration and Production Sector, Marketed Natural Gas Production by Assets 41
5.2.3 China Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 42
5.2.4 China Exploration and Production Sector, Market Share (%) based on Marketed Natural Gas Production 44
5.3 China Exploration and Production Sector, Marketed Natural Gas Forecasts 45
5.3.1 China Exploration and Production Sector, Marketed Natural Gas Forecasted Production 45
5.3.2 China Exploration and Production Sector, Gross Revenue Forecast 45
5.3.3 China Exploration and Production Sector, Government Take Forecast 46
5.3.4 China Exploration and Production Sector, Contractor Take Forecast 46
5.4 China Exploration And Production Sector, Natural Gas Asset Details 47
5.4.1 China Exploration And Production Sector, Active Natural Gas Asset Details 47
5.4.2 China Exploration And Production Sector, Planned Natural Gas Asset Details 48
6 China Pipeline Sector 49
6.1 China Pipeline Sector, Key Data 49
6.2 China Pipeline Sector, An Overview 49
6.3 China Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 49
6.4 China Pipeline Sector, Natural Gas Pipelines 51
7 China LNG Sector 54
7.1 China LNG  Sector, Key Data 54
7.2 China LNG Sector, Regasification 54
7.2.1 China LNG Sector, Regasification, Total Regasification Capacity 54
7.2.2 China LNG Gas Sector, Regasification Capacity- Wise (Bcf) Market Share By Company 56
7.2.3 China LNG Sector, Asset- Wise Regasification Capacity 57
8 China Under Ground Storage Gas Sector 58
8.1 China Under Ground Storage Sector, Key Data 58
8.2 China Underground Gas Storage Sector, An Overview 58
8.3 China Underground Gas Storage Sector, Capacity-Wise Market Share by Company 58
8.4 China Underground Gas Storage Sector, Storage Capacity 59
9 Profile of PetroChina Company Limited 60
9.1 PetroChina Company Limited, Key Information 60
9.2 PetroChina Company Limited, Company Overview 60
9.3 PetroChina Company Limited, Business Description 60
9.3.1 PetroChina Company Limited, Business Description, Business Overview 60
9.3.2 PetroChina Company Limited, Business Description, Chemicals and Marketing 61
9.3.3 PetroChina Company Limited, Business Description, Exploration and Production 62
9.3.4 PetroChina Company Limited, Business Description, Natural Gas and Pipeline 63
9.3.5 PetroChina Company Limited, Business Description, Refining and Marketing 65
9.3.6 PetroChina Company Limited, Business Description, Major Products and Services 67
9.4 PetroChina Company Limited, Value Chain Analysis 69
9.4.1 PetroChina Company Limited, Value Chain Analysis, Upstream 69
9.4.2 PetroChina Company Limited, Value Chain Analysis, Midstream 70
9.4.3 PetroChina Company Limited, Value Chain Analysis, Downstream 70
9.4.4 PetroChina Company Limited, Value Chain Analysis, Retail 71
9.5 PetroChina Company Limited, SWOT Analysis 71
9.5.1 PetroChina Company Limited, SWOT Analysis, Overview 71
9.5.2 PetroChina Company Limited, SWOT Analysis, Strengths 72
9.5.3 PetroChina Company Limited, SWOT Analysis, Weaknesses 73
9.5.4 PetroChina Company Limited, SWOT Analysis, Opportunities 75
9.5.5 PetroChina Company Limited, SWOT Analysis, Threats 76
9.6 PetroChina Company Limited, Revenue Analysis 77
9.6.1 PetroChina Company Limited, Revenue by Segment 77
9.6.2 PetroChina Company Limited, Revenue by Geography 78
9.7 PetroChina Company Limited, Financial and Operational Review 79
9.7.1 Financial Statements 79
9.7.2 Financial Ratios 80
10 Profile of China Petroleum & Chemical Corporation 81
10.1 China Petroleum & Chemical Corporation, Key Information 81
10.2 China Petroleum & Chemical Corporation, Company Overview 81
10.3 China Petroleum & Chemical Corporation, Business Description 81
10.3.1 China Petroleum & Chemical Corporation, Business Description, Business Overview 81
10.3.2 China Petroleum & Chemical Corporation, Business Description, Chemicals 81
10.3.3 China Petroleum & Chemical Corporation, Business Description, Exploration and Production 83
10.3.4 China Petroleum & Chemical Corporation, Business Description, Marketing and Distribution 84
10.3.5 China Petroleum & Chemical Corporation, Business Description, Refining 85
10.3.6 China Petroleum & Chemical Corporation, Business Description, Major Products and Services 87
10.4 China Petroleum & Chemical Corporation, Value Chain Analysis 89
10.4.1 China Petroleum & Chemical Corporation, Value Chain Analysis, Upstream 89
10.4.2 China Petroleum & Chemical Corporation, Value Chain Analysis, Midstream 90
10.4.3 China Petroleum & Chemical Corporation, Value Chain Analysis, Downstream 90
10.4.4 China Petroleum & Chemical Corporation, Value Chain Analysis, Retail 91
10.5 China Petroleum & Chemical Corporation, SWOT Analysis 92
10.5.1 China Petroleum & Chemical Corporation, SWOT Analysis, Overview 92
10.5.2 China Petroleum & Chemical Corporation, SWOT Analysis, Strengths 93
10.5.3 China Petroleum & Chemical Corporation, SWOT Analysis, Weaknesses 93
10.5.4 China Petroleum & Chemical Corporation, SWOT Analysis, Opportunities 94
10.5.5 China Petroleum & Chemical Corporation, SWOT Analysis, Threats 95
10.6 China Petroleum & Chemical Corporation, Revenue Analysis 96
10.6.1 China Petroleum & Chemical Corporation, Revenue by Segment 96
10.7 China Petroleum & Chemical Corporation, Financial and Operational Review 98
10.7.1 Financial Statements 98
10.7.2 Financial Ratios 99
11 Profile of CNOOC Limited 100
11.1 CNOOC Limited, Key Information 100
11.2 CNOOC Limited, Company Overview 100
11.3 CNOOC Limited, Business Description 100
11.3.1 CNOOC Limited, Business Description, Overview 100
11.3.2 CNOOC Limited, Business Description, Independent Operations 101
11.3.3 CNOOC Limited, Business Description, Production Sharing Contracts 101
11.3.4 CNOOC Limited, Business Description,Trading 102
11.3.5 CNOOC Limited, Business Description, Major Products and Services 102
11.4 CNOOC Limited, Value Chain Analysis 103
11.4.1 CNOOC Limited, Value Chain Analysis Upstream 103
11.5 CNOOC Limited, SWOT Analysis 105
11.5.1 CNOOC Limited, SWOT Analysis Overview 105
11.5.2 CNOOC Limited, SWOT Analysis Strengths 105
11.5.3 CNOOC Limited, SWOT Analysis Weaknesses 107
11.5.4 CNOOC Limited, SWOT Analysis, Opportunities 107
11.5.5 CNOOC Limited, SWOT Analysis, Threats 109
11.6 CNOOC Limited, Revenue Analysis 110
11.7 CNOOC Limited, Revenue by Segment 110
11.8 Revenue by Geography 111
11.9 CNOOC Limited, Financial and Operational Review 112
11.9.1 Financial Statements 112
11.9.2 Financial Ratios 113
12 Financial Deals Landscape 114
12.1 Detailed Deal Summary 114
12.1.1 Acquisition 114
12.1.2 Debt Offerings 120
12.1.3 Partnerships 123
12.1.4 Asset Transactions 134
13 Recent Developments 138
13.1 License Awards 138
13.1.1 Mar 09, 2009: PetroChina Receives Approval To Build LNG Terminal In Shenzhen 138
13.2 Strategy and Business Expansion 138
13.2.1 Apr 01, 2009: Sinopec To Construct Four Oil Storage Bases 138
13.2.2 Mar 31, 2009: Sinopec Plans To Expand Refining Capacity By 2010 138
13.2.3 Mar 20, 2009: Total Plans To Start Refining And Petrochemicals Projects In China 139
13.2.4 Mar 19, 2009: PetroChina Plans To Increase Overseas Oil And Gas Production Operations 140
13.3 Recent Discoveries 140
13.3.1 Mar 26, 2009: CNOOC Announces Two New Discoveries In Bohai Bay, China 140
13.4 Drilling and Production Updates 141
13.4.1 Mar 24, 2009: Sinopec Processes 3.29 Million Bpd Of Crude Oil In January And February 2009 141
13.4.2 Mar 20, 2009: CNOOC Commences Huizhou Refinery In China 141
13.4.3 Mar 19, 2009: CNPC To Raise Overseas Oil, Gas Production In Next 10 Years 142
13.4.4 Mar 18, 2009: CNOOC Commences Production From PY 30-1 Gas Field At Pearl River Mouth Basin In Eastern South China Sea 142
13.4.5 Mar 12, 2009: Anadarko Petroleum Plans To Drill Exploration Wells In Indonesia And China 143
13.5 Financial Announcements 143
13.5.1 Mar 30, 2009: Sinopec Reports Net Profit Of CNY29.7 Billion For Year-End 2008 143
13.5.2 Mar 25, 2009: PetroChina Reports Turnover Of CNY1.1 Trillion For Year-End 2008 146
13.5.3 Mar 16, 2009: China Natural Gas Reports 2008 Results 149
13.6 Other Significant Developments 151
13.6.1 Apr 01, 2009: CNOOC To Invest CNY44.2 Billion For Expansion Of Huizhou Refinery, China 151
13.6.2 Mar 31, 2009: PetroChina Commences Operations On China Lanzhou-Zhengzhou Oil Pipeline 152
13.6.3 Mar 27, 2009: Sinopec's Commercial Oil Reserve Base In Shanghai Comes Into Operation 152
13.6.4 Mar 27, 2009: China Natural Gas Announces Resignation Of Richard Wu As Chief Financial Officer 153
13.6.5 Mar 26, 2009: China To Encourage Its Energy Firms For More Ventures Overseas 153
13.6.6 Mar 24, 2009: Uruguay Calls Chinese Firms To Bid In Its Oil, Gas Round 154
13.6.7 Mar 23, 2009: PetroChina Xinjiang To Increase Oil Storage Capacity By 60% 155
13.6.8 Mar 20, 2009: Sinopec's Phase I Sichuan-To-East Pipeline Project To Commence In May 2009 156
13.6.9 Mar 19, 2009: Venezuela Starts Construction Of Venezuelan-Chinese Oil Refinery: President Chavez Says 156
13.6.10 Mar 17, 2009: CNOOC Commences Trial Run On Huizhou Refinery In China 156
13.6.11 Mar 14, 2009: Iran, China Sign $3.3 Billion Agreement For South Pars Gas Field 157
13.6.12 Mar 12, 2009: China's Crude Oil Output Drops By 1.7% In January And February 2009 157
13.6.13 Mar 11, 2009: CNPC To Reduce Investment In Oil And Gas Exploration In 2009 158
13.6.14 Mar 09, 2009: CNPC Commences Preliminary Work On Third West-East Gas Pipeline 158
13.7 New Contracts Announcements 159
13.7.1 Mar 26, 2009: China Natural Gas Signs Power Supply Agreement For LNG Plant 159
14 Appendix 160
14.1 Methodology 160
14.1.1 Coverage 161
14.1.2 Secondary Research 162
14.1.3 Primary Research 162
14.1.4 E&P Forecasts 162
14.1.5 Midstream Forecasts 164
14.1.6 Expert Panel Validation 164
14.2 Contact Us 164
14.3 About GlobalData 164
14.4 Disclaimer 165

1.1 List of Tables
Table 1:    China, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 14
Table 2:    LNG Regasification Capacity, China, 2006-2015 16
Table 3:     China, Historical Reserves of Natural Gas, 1996-2008 17
Table 4: China, Crude Oil and Natural Gas, Onshore Relinquishment Requirement, 2007 20
Table 5: China, Crude Oil and Natural Gas, Offshore Relinquishment Requirement, 2007 21
Table 6: China, Crude Oil, Royalty Rate, 2007 22
Table 7: China, Natural Gas, Royalty Rate, 2007 22
Table 8: China, Natural Gas, Profit Gas, 2007 23
Table 9: China, Crude Oil, Profit Oil, 2007 24
Table 10:       China, Rate of Depreciation, 2007 24
Table 11: South Asia, Investment Benchmarking, Overall Country Rankings, 2008 27
Table 12: South Asia, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 28
Table 13: South Asia, Investment Benchmarking, Gas Sector Performance, 2008 30
Table 14: South Asia, Investment Benchmarking, Economic Performance, 2008 34
Table 15: South Asia, Country Standings, Economic Performance, 2008 34
Table 16: South Asia, Investment Benchmarking, Socio-Political Performance, 2008 36
Table 17: South Asia, Country Standings, Socio-Political Performance, 2008 37
Table 18: China, Natural Gas Key Statistics, 2008 39
Table 19: China, Total Marketed Natural Gas Production (MMcf), 2001-2008 40
Table 20: China, Marketed Natural Gas Production (MMcf), by Assets, 2001-2008 41
Table 21: China, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 42
Table 22: China, Market Share (%) based on Marketed Natural Gas Production, 2001-2008 44
Table 23: China, Marketed Natural Gas Production(MMcf), Forecast by Assets, 2009-2014 45
Table 24: China, Forecasted Assets-wise Gross Revenue(000'$), 2009-2014 45
Table 25: China, Projected Assets-wise Total Government Take(000'$), 2009-2014 46
Table 26: China, Projected Assets-wise Total Contractor Take(000'$), 2009-2014 46
Table 27: China, Active Gas Field Assets Details 47
Table 28: China, Planned Gas Field Assets Details 48
Table 29: China, Pipeline Key Statistics, 2008 49
Table 30:  China, Natural Gas Pipelines Length By Company (Km), 2008 49
Table 31: China, Natural Gas Pipelines, 2008 51
Table 32: China, Natural Gas Pipelines, 2008 (Contd.) 52
Table 33: China, Natural Gas Pipelines, 2008 (Contd.) 53
Table 34: China, LNG Key Statistics, 2008 54
Table 35: China Regasification Capacity (Bcf), 2000-2015 54
Table 36: China Regasification Capacity (Bcf), 2000-2015 55
Table 37: China, Regasification Capacity, Company- Wise (Bcf),  2000-2015 56
Table 38: China Regasification Capacity, Company- Wise (Bcf),  2000-2015 56
Table 39: China Regasification Capacity (Bcf), 2000-2015 57
Table 40:     China Underground Gas Storage Key Statistics, 2008 58
Table 41: China Underground Gas Storage Capacity, Company-wise, 2008 58
Table 42: China Underground Gas Storage Capacity, Company-wise, 2008 59
Table 43: China, Underground Gas Storage Capacity, 2008 59
Table 44:      PetroChina Company Limited, Key Facts 60
Table 45:      PetroChina Company Limited, SWOT Analysis 72
Table 46:      PetroChina Company Limited, Revenue by Segment, RMB Million, 2003-2007 78
Table 47:      PetroChina Company Limited, Revenue by Geography, RMB Million, 2003-2007 78
Table 48:      PetroChina Company Limited, Financial Statements, RMB Million, 2003-2007 79
Table 49:      PetroChina Company Limited, Financial Ratios, RMB Million, 2003-2007 80
Table 50: China Petroleum & Chemical Corporation, Key Facts 81
Table 51: China Petroleum & Chemical Corporation, SWOT Analysis 92
Table 52: China Petroleum & Chemical Corporation, Revenue by Segment, RMB Million, 2003-2007 97
Table 53: China Petroleum & Chemical Corporation, Financial Statements, RMB Million, 2003-2007 98
Table 54: China Petroleum & Chemical Corporation, Financial Ratios, RMB Million, 2003-2007 99
Table 55:     CNOOC Limited, Key Facts 100
Table 56:     CNOOC Limited, SWOT Analysis 105