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CNPC to supply 18 pct more gas to Beijing this yr

BEIJING, Nov 12 (Reuters) - China's top gas producer China National Petroleum Corp (CNPC) will increase gas supplies to Beijing by 18 percent from a year earlier to 7.6 billion cubic metres (bcm) this year, a company newspaper reported. Beijing, the largest gas consuming city in China, and many other cities were hit by gas shortages last winter as supply failed to catch up with demand that spiked additionally because of colder than normal weather. CNPC has stockpiled 1.963 bcm of the fuel in its Dagang and Huabei underground storage tanks, 150 million cubic metres (mcm) more than a year earlier, the China Petroleum Daily reported on Friday. Gas in the two storage bases is mainly used by Beijing during times of peak demand in winter. CNPC would open a third gas pipeline linking the capital with Shaanxi province before the end of the year, and raise daily gas supplies to Beijing to 61.67 mcm, 15 percent higher than a year earlier, the report said. CNPC would pump 660 mcm of Central Asian gas to Beijing in winter, it said. CNPC would import 1.24 bcm of pipelined gas in the fourth quarter from Central Asia after bringing in 2.76 bcm in the first nine months, according to the National Energy Administration. . The authorities have warned of tight supplies in winter, but Beijing often enjoys ampler supplies than other cities. Winter gas demand in Beijing has reached as high as 60 mcm per day in recent years, but summer demand was around 4 mcm per day, and the huge divergence was a headache for gas suppliers, the newspaper reported. CNPC, the dominant gas supplier in Beijing, runs most of its oil and gas businesses via listed PetroChina Co Ltd (Reporting by Jim Bai and Aizhu Chen; Editing by Chris Lewis) ((Email: jim.bai@thomsonreuters.com; Reuters Messaging: jim.bai.thomsonreuters.com@reuters.net; + 86 10 6627 1271)) Keywords: CHINA GAS/CNPC (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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