Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG) supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several sources said.
China's natural gas industry has entered a rapid development stage, and its supply, sales, storage and transport systems are continuously undergoing profound structural change. It is a major issue concerning national energy security to objectively grasp the current development situation and trend of natural gas industry and make scientific predictions. In this regard, through the analysis of global natural gas resources status, trade pattern and development trend, we reviewed the development process, current situation, trend and problems in natural gas industry in China, then made prospect analysis and judgment in terms of demand and supply, etc., and finally put forward some reasonable and sustainable strategic countermeasures and proposals.
Thermal-mass technology is a proven means for measuring the flow of gases and liquids. The recent technological advances and miniaturisation have enabled the use of the technology for high-volume, cost-sensitive applications such as natural gas metering.
The prices of natural gas across Europe are expected to continue increasing this year to reach a new record level during winter.
This is according to energy companies and a new report released by research firm Cornwall Insights.
On Monday, gas futures on the European market hit $750 per 1,000 cubic meters.
The price of gas in Europe during trading on 14 September broke a record and exceeded $800 per 1,000 cubic meters, according to the data of the ICE exchange.