The hottest natural gas price rises, chemical ente

2022-08-08
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Natural gas prices rise chemical enterprises switch to coal chemical industry last Friday, the rumors of natural gas prices finally settled, and the price of natural gas for non residential use took the lead in raising

On June 28, the national development and Reform Commission announced that the price of natural gas for non residential use would be raised, and the national average gate station price would be increased from 1.69 yuan per cubic meter to 1.95 yuan per cubic meter, so as to ensure the supply of natural gas market, promote energy conservation and emission reduction, and improve the use of dial indicators to measure resource utilization based on two force pillars

due to the rapid growth of downstream demand, the domestic natural gas market is abnormal this year, with gas restriction in the off-season for the first time. After the gas price rise, it may help to alleviate the increasingly tense relationship between supply and demand. Natural gas chemical enterprises turn to coal chemical industry to look for low-cost raw materials

disorderly expansion of downstream demand leads to tight supply

China's natural gas market is suffering from the pain of disorderly expansion of downstream demand, and industrial natural gas users bear the brunt. It is learned that industrial users are becoming the object of natural gas supply restriction, and the output of Sichuan Datong Natural Gas Investment Co., Ltd. has been forced to be reduced by 50%

since April 2013, PetroChina has gradually controlled the natural gas supply of industrial users in North China, Northwest China, South China and other places

some analysts said that due to the low price of more environmentally friendly natural gas under the condition of equal calorific value, urban gas companies, driven by profits, actively develop the downstream consumer market, causing the downstream market to be developed in advance and amplifying the supply pressure

information from PetroChina shows that the consumption demand of downstream natural gas this year has greatly exceeded its supply plan, and PetroChina supplied 1.8 billion cubic meters of excess gas in the first quarter

since China became a natural gas importer in 2000, its external dependence has been rising. In 2012, it introduced 42.5 billion cubic meters of overseas natural gas, with an external dependence of 27%. It is predicted that by the end of the 12th Five Year Plan period, China's external dependence on natural gas may exceed 35%

domestic import demand pushes up international natural gas prices. Last week, CNOOC, the major LNG importer in China, decided to negotiate with Indonesia on a long-term LNG contract, which is expected to rise by more than 70%

according to the statistics of the General Administration of Customs in May, Qatar is the largest LNG importer in China, with a monthly average price of about US $981/ton, far higher than the US $202/ton in Indonesia, which ranks second. The other two countries, Australia and Malaysia, ranked third and fourth in terms of import volume, with monthly average prices of 185 US dollars/ton and 417 US dollars/ton respectively

a person from a domestic natural gas supplier told that due to the need for a certain amount of lubricating oil between the surfaces, as China is located in the Asia Pacific region, where the price of natural gas is relatively high internationally, and is far from the origin of natural gas, it needs to pay a high use cost to introduce overseas natural gas, whether through land pipelines or offshore LNG imports

according to BP world energy statistics, China's per capita remaining recoverable reserves are only 2400 cubic meters, about 8% of the world's per capita value

in order to encourage the development of unconventional natural gas, the country has liberalized the ex factory prices of shale gas, coalbed methane, coal to gas, and liquefied natural gas source prices in 2011. However, in the view of many industry insiders, the above measures are difficult to have a substantial impact on supply in the short term

natural gas chemical enterprises switch to coal chemical industry

the price of natural gas for non residents has increased, and the pressure of chemical enterprises using natural gas as raw material has increased greatly, and enterprises turn to look for raw materials with lower costs

a person from a natural gas chemical enterprise located in the central and western regions told that after the rise in the price of industrial natural gas, the company's competitive advantage in raw material costs was affected, which was close to the production cost of enterprises using crude oil as raw material

according to the document issued by the national development and Reform Commission on June 28, the national average gate station price will be increased from 1.69 yuan per cubic meter to 1.95 yuan per cubic meter from July 10

people from the above-mentioned natural gas chemical enterprises in the central and western regions said that the increase of 0.4 yuan per cubic meter of natural gas price was enough to wipe out the profit margin of the enterprise before

compared with the ex factory price of domestic onshore natural gas of 1.06 yuan/cubic meter (including tax price of 1.20 yuan/cubic meter), coal based natural gas does not have a competitive advantage

since the second half of 2012, the domestic chemical industry has entered a downturn, the price of basic chemical raw materials has remained depressed, and many chemical enterprises have been in deep losses

it was learned from several domestic chemical enterprises using natural gas as raw material that due to the news that the price of natural gas is about to rise in the industry, many enterprises have arranged in advance that the additives used in coal to natural gas should comply with gb9685 standard gas, and Sinopec, the largest petrochemical enterprise in China, is one of the stronger ones

at the end of September 2012, the newly established great wall energy and Chemical Co., Ltd. (hereinafter referred to as great wall energy) became the only platform for Sinopec to build and develop coal chemical business, specializing in the investment and operation, project construction and professional management of the company's coal chemical business

according to Sinopec, Sinopec will build six major coal chemical industry bases in Inner Mongolia and Xinjiang during the 12th Five Year Plan period. At present, coal chemical projects in Inner Mongolia, Xinjiang, Guizhou, Anhui and Henan have made substantial progress in using gem layers for building exterior walls

in 2007, Sinopec registered 350 square kilometers of coal blocks in Xinjiang. In 2010, Sinopec owned the methanol to olefin process (s-mto) with independent intellectual property rights, which is considered to be the symbol of the company's breakthrough in coal chemical technology with independent intellectual property rights

for some large chemical enterprises connected upstream and downstream, the development of coal chemical industry will not only help reduce production costs, but also help enterprises obtain stable upstream resources. Sinopec said that it would strive to become the industry leader in China's coal chemical industry in years

after the domestic natural gas price hike on July 10, the tax inclusive price of China's onshore natural gas will reach 1.60 yuan/cubic meter. Under the background of the downward trend of domestic coal prices, the economic advantages of coal to natural gas appear. However, since the state has not yet opened the gate to the construction of a large number of coal chemical projects, it is still unknown whether the coal chemical industry will usher in spring

marketization needs to be promoted after the price change

although residents use natural gas to avoid the increase on July 10, it does not mean that they can rest easy forever. According to relevant regulations, the pricing power of the sales price of natural gas for residents belongs to the local government

an expert who did not want to be named pointed out to this newspaper that in the past, the price of natural gas was very low, and local gas companies could obtain higher income from it. After the gate station price was increased, the cost of local gas companies increased. If they were sold to residents at the original price, their interests would be damaged. In many regions, local gas companies are mostly local state-owned enterprises, which does not rule out the possibility that the local government will raise the gas price of residents in order to protect local state-owned enterprises in the future

after comparing the natural gas prices of various countries in the world, it is found that the price of residential gas in most countries is higher than that of industrial gas

people from the above natural gas suppliers told the analysis that due to the relative dispersion of residential gas consumption and obvious seasonality, the cost of urban gas distribution and peak shaving of gas storage is higher than that of industrial gas. In some countries that do not implement industrial subsidies for civil use, the price of most residential natural gas is higher than that of industrial gas

according to the statistics of the International Energy Agency, in 2010, industrial gas accounted for about 43% of the total global natural gas consumption, household and commercial gas accounted for 22%, power generation gas accounted for 34%, and automotive gas accounted for 1%

according to national regulations, local governments must announce to the public in advance and hold public hearings on price adjustment before price adjustment, otherwise the price adjustment will be invalid, so there will be no problem of gas price rise in the short term

affected by factors such as the continuous rise in domestic natural gas demand and the rise in the price of international imported natural gas, the rise in domestic natural gas prices has become a general trend, and the reform of natural gas prices needs to be deepened

people from the national development and Reform Commission pointed out that the basic idea of China's natural gas price adjustment is to establish a dynamic adjustment mechanism linked to the price of alternative energy that reflects the market supply and demand and the scarcity of resources in accordance with the market orientation, and gradually straighten out the price comparison relationship with alternative energy

before the price adjustment, China's onshore natural gas in 2012 was only equivalent to one quarter of the WTI crude oil price in the same period, one quarter of the CIF price of imported liquefied petroleum gas (LPG), one third of the CIF price of imported fuel oil, one half of the CIF price of imported Central Asian natural gas and one quarter of the CIF price of imported Qatar LNG in the same period

according to the analysis, since the import price of natural gas is higher than the domestic sales price, the gas price is upside down, which hinders the import of natural gas. Due to the reasons of national pricing, the price of domestic gas is low, while the cost of inlet gas is higher than that of domestic gas. The domestic gas price has been low for a long time, which makes import enterprises such as CNOOC and PetroChina have to face an upside down loss of tens of billions of yuan per year. After the price reform is implemented, enterprises such as PetroChina and CNOOC will benefit from it

at present, China's natural gas exploration and production are mainly carried out by PetroChina, Sinopec and CNOOC, and the natural gas production of the three major oil companies accounts for more than 95% of the national production

Feng Fei, director of the Industrial Economic Research Department of the development research center of the State Council, pointed out in an interview with this newspaper that price reform is only the core part of the natural gas market reform. Fundamental reform needs to form an effective competitive market and a market-oriented environment with competitive subjects. Therefore, it is necessary to introduce more competition and strengthen government supervision while price reform

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