Research Report on Developing Trend of China LNG Industry in 2007

Section two   Current global LNG market  32
1, The technologies of LNG and its storage and transport are being mature 32
2, The cost of LNG is decreasing  33
3, Sufficient in supply and demand; fierce competition  34
4, The demand is increasing; market is further expanding  35
5, The LNG has become the investing focus  35
Section three   Developing trend of global LNG 36
1, The price is fast increasing because of increase in supply and demand 36
2, The construction of upstream industry is on the way  37
3, The terminal construction is following  39
4, Traditional market is pushing the development of emerging market  39

Chapter three   Analysis on global LNG production  40
Section one   Analysis on global overall LNG production  40
Section two   Analysis on LNG production countires 41
Section three   Key problems  49
Section four   Forecast on production between 2006 and 2010  50
Chapter four   Analysis on global LNG demand  50
Section one   Analysis on demand in past years 50
Section two   Demand features in recent years 51
Section three Production and consumption of LNG in key LNG manufacturing countries  53
Section four   Analysisoncomparison between actural and potential consumption volume in the world  64
1, U.S. 64
2, Japan  64
3, Germany  64
4, China  65
5, India  65

Section five   Forecast on demand of global LNG demand between 2006 and 2010  65
Chapter five   Aanlysis on global LNG trade  66
Section one   Analysis on import of key LNG importers   66
1, Janpan  66
2, Korea  68
3, U.S.  69
4, India  70

Section two   Analysis on export of key LGN exporters  72
1, Indonisia  72
2, Malaysia  74
3, Algeria  75
4, Qatar  76
5, Brunei  76
6, Australia  77
7, Egypt  78
8, Norway  78
9, Russia  78

Section three   Forecast on global LNG trade between 2006 and 2010  79
1, Interaction of two big regional markets  79
2, The trade of LNG will greatly increase  80
3, The traditional trade is transforming into emerging trade   80

Chapter six   Trade price of global LNG 82
Section one   FOB in the first half of 2006  82
Section two   Price mechanism  82
1, International LNG trade contract  82
2, Pricing mechanism    85
3, Key diciding factors  87

Section three   Forecast on development of trade price between 2006 and 2010  88
1, The increase in LNG price is following that in price and demand  88
2, The price increase is closing themarket supply and demand  89
3, Price structure is being complicated  89
4, The FOB trade is increasing  89
5, The diversification of trade modes decrease theprice 89
6, The flexibility of new contract increase the change opportunity  89

Chapter seven   Analysis on LNG technology  90
Section one   Basic principle  90
Section two   The technology is being mature  90
Section three   Popularity and complication of LNG technology  92
Chapter eight   Analysis on transport  93
Section one   Construction of speical ships 93
Section two   Current transportation  93
Section three   Key problems in transport  94
Section four   Analysis on key costs  94
Section five   Forecast on transport between 2006 and 2010  95
Chapter nine   Construction of global LNG receiving stations  95
Section one   Overall construction  95
Section two   Construction in key countries and regions  96
1, U.S., Japan, and Korea  96
2, India and China Taiwan  97

Section three   Forecast on receiving stations between 2006 and 2010  97
Section one    Analysis on political environment  98
Section one   Tecchnical policies  99
Section two   Policies of entrance and development  106
Section three   Environmental protection policy  107
Section four   Revenue policy  108
Section five   Foreign operation policy 109
Chapter eleven   Competition structure  110
Section one   In buyers market, Janpan and Korea are in leading positions, but development of China and India is very fast 110
Section two   In sellers market, Southeast and mid-east are in the leading role; and Africa and Austrial are following  111
Section three   The buyer smarket is transforming into sellers market  113
Section four   Competition behivor and patterns  113
Section five   Comparison and analysis of LNG and its substitutes  113
Chapter twelve   Analysis on global LNG manufacturers  114
Section one   Brunei LNG Company  114

1, Company’s introduction  114
2, Export in recent years  114
Section two   Qatar LNG Company 114
1, Company’s introduction 114
2, Business situation in recent years  115
3, Company’s resources  115
4, Development and prospect  115
Section three   Australia LNG Company 116
1, Company’s introduction 116

Section four   Nigeria LNG Company  119
1, Company’s introduction 119
2, Company’s resources  119
3, Business situation in recent years and future strategy 119

Section five   Malaysia LNG Company  120
1, Company’s introduction 120
2, Assets and management in the recent years  120
3, Development  121

Section six   Chevron Corporation  122
1, Company’s introduction 122
2, Business situation in recent years 122
3, Company’s resources 123
4, Development 123

Section seven   Shell  125
1, Company’s introduction 125
2, Business situation in recent years 126
3, Company’s resources  127
4, Development  131

Section eight   BP   131
1, Company’s introduction 131
2, Business situation in recent years 131
3, Company’s resources  132
4, Development  134

Part two   Analysis on China local LNG industry  135
Chapter thirteen   Survey  135
Section one   Distribution  135
Section two   Features  138
Section three   Exploitaion  141
Chapter fourteen   Necessity and pressure of LNG development in China  142
Section one   Consumption structure of primary energy sources of China  142
Section two   Consumption structure of primary energy sources at home and abroad  144
Section three  Demand in energy sources for economic development  146
Section four   Energy sources diversification and security of supply and demand  148
Section five   Decrease in shortate and environmental pollution  149
Section six   Necesity and pressure of importing LNG  153
Chapter fifteen   Supply and demand  154
Section one   Analysis on industry chain  154

Section two   Storage and construction of stations 161
1, Pipeline structure  161
2, Distribution and construction of stations  164
3, Development of storage equipment  164
4, Seurity and environmental protection  165
5, Key problems  165
Section three   Demand in recent years  165
Section four   Supply in recent years  166
Section five   Shortage  168
Section six   Import  169
1, Import dependence of China LNG  169
2, Export of pipeline  169
3, Import  170

Section seven   Forecast on demand and import 171
Chapter sixteen   Import price  176
Section one   FOB  176
Section two   Analysis on price elasticity of LNG price on ocean shipment  176
Section three   Price developing trend  178
Chapter seventeen   Transport  179
Section one   Development  179
Section two   Comparison of LNG ships of China-Japan and China-Korea  180
Section three   Main problems and countermeasures  182
Section four   Developing trend of China LNG ships 182
Chapter eighteen    Main receiving stations of China between 2001 and 2010  183
Section one   The LNG receving stations (including constructed and constructing) 183
Section two   Planning receving stations project  193
Chapter nineteen   Industrial policies  196
Section one   LNG development in Eleventh-Five-Year Plan  196
Section two   Policies of market entranceand investment  197
Section three   Policy of entrance   200
Section four   Developing revenue policy  201
Section five   Import policies  203
Chapter twelve   Competition structure  204

Section one   Receiveing stations structure of top 3 oil companies  204
1, Offshore Oil Corporation 204
2, China Naitonal Petroleum Company  204
3, Sino-pec 205

Section two   Overseas distribution of LNG sources 205
1, Offshore Oil Corporation 205
2, China Naitonal Petroleum Company 206
3, Sino-pec 206

Section three   Private LNG companies  207
Section four   Business of overseas LNG companies in China  208
1, Investing policies of overseas LNG companies in China  208
2, Construction of distribution system  208

Expansion of overseas LNG companies in terminal market  208
Section five   Comparison and analysis of competitivity in LNG market between coastal areas and West in China   209
Section six   Overall evaluation on competition of state-owned, foreign-owned and private-owned companies 209
Section seven   Developing ways of international large-sized oil companies  210
Section eight   Competition structure between 2006 and 2010  211
Chapter twelve   Key enterprises  212

Section one   Offshore Oil Company  212
1, Company’s profile  212
2, Current situation (positions; advantages and disadvantages; business features) 213
3, Development at abroad  217
4, International cooperation and capital operation  218
5, Business developing strategy  218

Section two   China National Petroleum Company  219
1, Company’s profile   219
2, Current situation (positions; advantages and disadvantages; business features)  220
3, Development at abroad 223
4, International cooperation and capital operation 223
5, Business developing strategy 224

Section three   Sino-pec  224
1, Company’s profile 224
2, Current situation (positions; advantages and disadvantages; business features) 225
3, Development at abroad 227
4, International cooperation and capital operation  227
5, Business developing strategy  229

Section four   Guanghui Group   229
1, Company’s profile 229
2, Current situation (positions; advantages and disadvantages; business features) 230
3, Development at abroad 231
4, International cooperation and capital operation 231
5, Business developing strategy  231
Part three   Forecast on global LNG development between 2006 and 2010  232

Chapter twenty-two   Forecast on development 232
Section one   Forecast on development  232
1, Forecast on supply and demand  232
2, Forecast on competition structure  232
Section two   Forecast on development  233
1, Forecast on supply and demand  233
2, Forecast on competition structure  236

Chapter twenty-three   Investing value, risks and strategy  238
Investing value  238
1, Cost benefit  238
2, Growth  238
3, Profitibility  241
4, Ability of anti-riks  243
5, Comprehensive analysis on investing value  246
Section two   Investing risk  246
1, Business risk  246
2, Competition from importing pipeline natural gas  247
3, Increased risks from LNG ships construction and transport cost  247
4, LNG sources shortage and change  247
Section three   Investing strategy  249
1, Internationa cooperation and sources protection  249
2, Strong LNG ships construction  249
3, Strengthening sellings and sized business 250

Section four   Future discussion  250
Chapter twenty-four   LNG importing prospect (experience of iron ore import) 250
Section one   Problems  250
1, Iron ore problems and LNG import  250
2, Current China LNG situation  251
3, Problems  251

Section two   Developing risks in the future  251
1, Challenge of power generating area  252
2, Demand in industry will be decreased  252
3, Pipeline natural gas competition  252
4, Cost is decreasing  252
5, Financing risk  252
6, Ships construction expenses  253

Section three   LNG strategy is beyond price risk 253
1, Strategic meaning of adjustment in energy sources structure  253
2, Strategic adjustment value  254
3, The value of LNG in energy sources storage  254

Section four   Import  254
1, Opportunism of Australia make co-existing of LNG supply opportunitities and risk  254
2, Diversification of China LNG supply decreases importing risk  255
3, Plenty of substitutes can decrease LNG shortage risk 256
Section five   The secession cost of LNG market in China LNG industry chain  256
Section six   Conclusion: co-existing of opportunities and risks; the former is beyond the latter.  257