Reported on November 14 In the context of low oil prices, CNOOC is planning to increase the company's natural gas business ratio to stabilize the impact of oil price fluctuations on performance. Jin Xiaojian, general manager of CNOOC’s Planning and Planning Department, revealed in an interview with this newspaper that compared with oil, the price of natural gas is relatively stable. CNOOC’s 13th Five-Year Plan will increase the proportion of clean and green natural gas business from 18% to 20%. %, becoming the new pillar of the company. In the future, CNOOC will increase the development of overseas natural gas resources while continuing to develop domestic resources such as large gas fields in the South China Sea.
Data shows that in 2015, CNOOC sold 31.5 billion cubic meters of natural gas in China, accounting for 16% of the mainland market. In terms of production, domestic natural gas production is 13.5 billion cubic meters, overseas production is 10.7 billion cubic meters, and imported LNG (liquefied natural gas) is 13.16 million tons.
Increased demand, rapid market growth
Jin Xiaojian said that the determination of natural gas business as the company's new pillar is mainly determined from the two aspects of market and resources. In terms of resources, there are more resource gas fields newly discovered in recent years, and relatively few oil fields. In terms of the market, natural gas consumption this year is 200 billion cubic meters and is expected to reach 320 billion cubic meters to 360 billion cubic meters in the next five years. The natural gas market is growing very rapidly. This is also the reason why the "three barrels of oil" coincidentally put the natural gas business in an important strategic position.
In the natural gas sector, CNOOC takes LNG as the main point. Up to now, CNOOC has imported more than 80 million tons of LNG, making it the third largest LNG trader in the world. International LNG resources come from more than 20 countries and regions.
Jin Xiaojian pointed out that the peak shaving capacity of LNG is 8 times that of traditional pipeline gas transmission. The company has included how to rationalize the price mechanism into the study. If the country marketizes the price of peak shaving gas, future profitability is still expected, and it will also enhance CNOOC's market adaptability.
At present, CNOOC has built LNG receiving stations in Guangdong, Fujian, Shanghai, Zhejiang, Zhuhai, Tianjin and Hainan, with an annual receiving capacity of more than 28 million tons. At the same time, Shenzhen LNG and Yuedong LNG are under construction, and LNG projects in Jiangsu, Zhangzhou, Western Guangdong, Yingkou, Yantai and Guangxi are also in the early stage. According to the plan, CNOOC's LNG receiving capacity will reach 50 million tons per year.
Reorganization of the refining and chemical sales segment
In the context of low oil prices, CNOOC has also stepped up the reform of upstream and downstream integration, reorganized the refining and sales sectors, and achieved a unified industrial planning and unified resource allocation for the refining and chemical industry, which has reduced operating costs and improved resource utilization. The purpose of efficiency. After the reform, in the first three quarters of this year, CNOOC's newly established refining and chemical company realized a total profit of 5.64 billion yuan, an increase of 174.37% over the same period last year, and the ability of the middle and downstream to balance oil price risks was significantly enhanced.
