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This article takes you to understand the status quo of China's natural gas industry industrial chain in 2021

 Last Update: 2021-06-09
 Source: Internet
 Author: User

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China's natural gas consumption will still achieve positive growth in 2020

The natural gas industry chain is divided into three parts: upstream exploration and production, midstream transportation, and downstream distribution.
The industry chain is relatively complete, with many participating companies and a relatively stable development pattern.
In terms of upstream natural gas exploration and development, exploration investment has reached the highest in history.
In 2020, the growth rate of output will be higher than the growth rate of consumption, and the degree of dependence on foreign sources will decrease slightly.

In terms of corporate production structure, PetroChina is the largest natural gas supplier in China; in terms of regional production structure, natural gas production in the three provinces of Shaanxi, Sichuan and Xinjiang accounted for 71.
33%, with a high degree of concentration, and Shaanxi’s natural gas production ranked first.

In terms of downstream end consumption, although my country's natural gas energy consumption accounts for much less than coal and other energy sources, thanks to natural gas market reforms, my country's natural gas consumption continues to grow.
Faced with the impact of the epidemic in 2020, natural gas consumption will still achieve a growth of more than 4% .

1.
The development pattern of various links in the natural gas industry chain is relatively stable

　　The natural gas industry chain is divided into three parts: upstream exploration and production, midstream transportation, and downstream distribution.
The industry chain is relatively complete, with many participating companies and a relatively stable development pattern.
Resources related to upstream natural gas exploration and production are concentrated in comprehensive oil and gas companies such as PetroChina, Sinopec and CNOOC.
Other oil and gas related companies include Guoxin Energy, Blue Flame, Zhongtian Energy, etc.
In addition, in addition to its own exploration and production, it also includes imported pipeline gas and imported LNG;

　　Midstream transportation includes long-distance pipeline networks, provincial transportation pipelines, etc.
; pipeline manufacturing companies include Yulong Co.
, Ltd.
and Quanzhou Pipelines; liquefaction and storage and transportation equipment supply companies include Houpu Co.
, Ltd.
and Guanghui Energy.

　　Downstream distribution is mainly carried out by gas companies.
Gas distribution companies mainly include Baichuan Energy, Shenzhen Gas, Volkswagen, China Resources Gas, China Gas and so on.
In addition to gas distribution, the main business of gas companies also includes gas connection, gas operation and consignment sales of gas equipment, serving residents, industry and commerce and other users.

　　2.
China's dependence on foreign gas has declined slightly

　　In terms of upstream natural gas exploration and development, the national oil and gas (including oil, natural gas, shale gas, coalbed methane, and natural gas hydrate) exploration and exploitation investment in 2019 was 82.
129 billion yuan and 252.
710 billion yuan, an increase of 29.
0% and 24.
4% year-on-year respectively.
, The exploration investment reached the highest in history; as of the end of 2019, China’s proven natural gas reserves reached 5,966.
6 billion cubic meters, and the newly-added proven geological reserves were 809.
1 billion cubic meters, a year-on-year decrease of 2.
7%.

　　my country's natural gas supply is mainly composed of domestically produced gas and imported gas.
Due to the limited increase in domestic natural gas in 2019, the cumulative natural gas output was 173.
62 billion cubic meters, an increase of 8% year-on-year; it was lower than the consumption growth rate of 9.
4%, resulting in downstream consumption.
The outbreak can only be compensated by imports.
In 2019, China imported 96.
56 million tons of natural gas (135.
2 billion cubic meters), a year-on-year increase of 6.
9%.

　　However, my country's natural gas production will increase significantly in 2020.
In 2020, my country's cumulative natural gas production will be 188.
9 billion cubic meters, an increase of 8% year-on-year; in 2020, my country's natural gas consumption will increase by about 4.
3% year-on-year, and the growth rate of production is higher than the growth rate of consumption, making foreign dependence As of December 2020, my country’s dependence on foreign gas has dropped to 41%.

　　As of the end of 2019, among them, two new basins with proven geological reserves greater than 100 billion cubic meters were the Ordos Basin and the Sichuan Basin.
Three new gas fields with proven geological reserves greater than 100 billion cubic meters are the Jingbian and Sulige gas fields in the Ordos Basin, and the Anyue gas field in the Sichuan Basin.

　　Basins with natural gas production greater than 5 billion cubic meters include the Ordos, Sichuan, Tarim, Pearl River Mouth, Qaidam and Songliao Basins, with a total output of 135.
268 billion cubic meters, accounting for 89.
7% of the country's total.

　　3.
PetroChina is the largest natural gas supplier in China

　　The prosperity index of China's natural gas production enterprises continues to rise.
In the third quarter of 2020, the operating conditions of domestic natural gas production enterprises have improved, and the natural gas industry's capacity utilization, capacity changes, corporate output and operating conditions have increased slightly compared with the previous quarter.
The prosperity index of natural gas production enterprises rose to 199.
98, which is in a prosperous state.

　　Domestic natural gas is mainly supplied by companies such as PetroChina and CNOOC.
PetroChina, the largest natural gas supplier in China, produced approximately 3,079.
8 billion cubic feet (approximately 87.
2 billion cubic meters) of natural gas in the first three quarters, accounting for 64%.
In 2020, PetroChina's domestic natural gas production equivalent exceeded 100 million tons for the first time, an increase of 11.
6 billion cubic meters year-on-year.
This was the year with the largest annual increase.
Natural gas production exceeded its domestic crude oil production for the first time.
Sinopec produced 21.
867 billion cubic meters of natural gas in the country in the first three quarters, accounting for 16.
0%.

　　4.
Shaanxi's natural gas production ranks first

　　In terms of the regional distribution of natural gas production, the three provinces with the largest natural gas production in the country are Shaanxi and Sichuan.
In 2019, the natural gas production of Shaanxi and Sichuan were both over 40 billion cubic meters, 47.
342 billion cubic meters and 44.
135 billion cubic meters, respectively, accounting for the country's total natural gas production.
The proportion of total natural gas output is 26.
87% and 25.
05% respectively, ranking first and second in the country; in addition, Xinjiang's natural gas output is 34.
203 billion cubic meters, which is also in the first echelon.
Natural gas production in other provinces and cities in my country is relatively small, accounting for less than 10%.

　　In 2020, my country's natural gas production reached a new high.
As of the end of December, the natural gas production in Shaanxi, Sichuan and Xinjiang exceeded all of 2019.
Shaanxi's natural gas production mainly comes from Changqing Oilfield and Yanchang Oilfield.
Especially in Changqing Oilfield, through the organic integration of technological innovation and management innovation in 2020, the initial single well production of tight gas horizontal wells will increase by more than 30%.

　　The distribution of natural gas production areas is mainly closely related to its natural gas resources.
Due to the geographical environment, the distribution of natural gas production is relatively concentrated.
Among them, the natural gas production of Shaanxi, Sichuan, and Xinjiang accounted for 71.
33%, more than half of the proportion.
In 2019, China's natural gas production TOP10 provinces and cities It accounts for 93.
85% of the total, with a high degree of concentration.

　　5.
China's natural gas consumption will still achieve a growth of more than 4% in 2020

　　In terms of downstream end consumption, my country's energy consumption is still dominated by coal, oil and other energy sources.
Coal energy consumption accounts for 57.
7%, and petroleum energy consumption accounts for 18.
9%; natural gas ranks third, but its proportion is far lower.
For coal, only 8.
1%.

　　Although the proportion of natural gas energy consumption in my country is much lower than that of coal and other energy sources, as the country is considering environmental protection and energy conservation in recent years, as a substitute for clean energy and coal energy, the demand for natural gas has grown strongly in recent years.
According to the National Bureau of Statistics, China's natural gas consumption was 304.
79 billion cubic meters in 2019, an increase of 9.
4% over the same period last year.

　　In 2020, with the outbreak of the new crown epidemic, the demand for energy and electricity in the whole society will decline.
Despite this, clean energy such as natural gas has bucked the market and achieved positive growth, but the growth has slowed down.
The "China Natural Gas Development Report (2020)" issued by the National Energy Administration pointed out that the national natural gas consumption in 2020 will be about 320 billion cubic meters, a year-on-year increase of 4.
3%.

　　Note: The data for 2020 comes from the National Energy Administration, and other data comes from the National Development and Reform Commission.

　　my country's natural gas production can not only supply domestic consumption, but can also be exported overseas.
From the perspective of natural gas exports, the scale of China's natural gas exports has fluctuated and changed since 2015.
In 2019, the export value of China's natural gas and synthetic gas reached US$1.
974 billion, a year-on-year increase of 9.
2%, and the growth rate of export value accelerated.
In the first 11 months of 2020, China's natural gas exports amounted to US$1.
92 billion, a year-on-year increase of 7.
1%.

　　(Note: The above natural gas statistical caliber is natural gas and artificial gas under the SITC classification.
)

　　Since 2019, my country has continued to promote the reform of natural gas marketization, which has promoted the development of the natural gas industry.
The upstream link relaxes market access to stimulate the vitality of exploration and development.
In the midstream link, the national oil and gas pipeline network company was established by separating transportation and marketing.
The downstream link deepened the reform of natural gas prices, implemented tax and fee reductions, and expanded natural gas consumption.

　　Although facing the impact of the new crown epidemic in 2020, the development of China's natural gas industry will face challenges, but overall, the overall tone of the natural gas industry's sustained and steady development will remain unchanged, and China's natural gas industry will develop towards high quality in the future.

　　Original title: In-depth analysis! This article takes you to understand the current situation, competitive landscape and regional distribution of China's natural gas industry industry chain in 2021

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