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Released on Tuesday, December 30, 2014

Production

China's Natural Gas Output up 9.3% in November

Natural gas production in China grew 8.3% in November.


Researched by Industrial Info Resources China (Beijing, China)--China produced 11.4 billion cubic meters of natural gas in November, up 9.3% from the same month in 2013, according to the country's National Development and Reform Commission. For the year through November, the country produced 115.2 billion cubic meters, an 8.3% increase over the same 11 months in 2013.

China also imported 5.3 billion cubic meters of natural gas in November, up 11.4% over the same month last year, the NDRC reported. Apparent consumption of natural gas reached 16.5 billion cubic meters last month, an increase of 9.4%.

For the year 2014 through November, natural gas imports reached 51.9 billion cubic meters, an increase of 9.5% over the same 11 months last year. Apparent natural gas consumption for the period totaled 159.2 billion cubic meters, an increase of 7.4%.

The NDRC also reported that China's crude oil output in November reached 17.59 million tonnes, up 1.5% from November 2013. Processed crude oil totaled 38.38 million tonnes, an increase of 1.9%; refined oil products totaled 24.26 million tonnes, an increase of 4.6%; and apparent consumption of oil products totaled 23.05 million tonnes, up 0.8%.

Gasoline output in November rose 4.8% from the same month last year, and diesel output rose 1.2%.

Oil products stockpiles at the end of November were 0.46 million tonnes more than the same time last year, but 0.25 million tonnes less than in October of this year.

China produced a total of 191.31 million tonnes of crude oil from January through November, up 0.5% from the same 11 months in 2013. Processed crude oil reached 418.15 million tonnes, an increase of 3.5%; and output of refined oil products reached 260.89 million tonnes, up 4.9%.

From January through November 2014, China's apparent consumption of refined oil products reached 418.15 million tonnes, an increase of 3.5% over the same 11 months in 2013, including an 8.2% increase in gasoline consumption and a 0.8% drop in diesel consumption.

Industrial Info Resources tracks more than 10,200 operational plants and 14,100 active projects in China with a total investment of more than $2 trillion.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
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