Supply vs Demand conversation

Just had to add the finishing touches to the study i conducted and released to you all on Monday. I was unsure of the demand outlook for China(imported 26.1MT in 2016), which needs to be addressed and taken care of because the 2nd wave of US projects will mostly be reliant on investments from China and India(who i've covered already). So the stats on demand are as follows... Currently there are 15 terminals that have been commissioned:

Dapeng, Owned by CNOOC - 9MT Capacity.
Fujian, CNOOC - 5.2MT + Phase 3 Expansion 1.1MT to come.
Dalian, CNPC - 3MT + Phase 2 Exp 3MT + Phase 3 Exp 4MT
Rudong, CNPC - 3.5MT + Phase 2 Exp 3MT
Ningbo, CNOOC - 3MT + Phase 2 Exp 3MT
Tangshan, CNPC - 3.5MT + Phase 2 Exp 3MT
Tianjin, CNOOC - 2.2MT + Phase 2 Exp 3.8MT
Zhuhai, CNOOC - 3.5MT + Phase 2 Exp 3.5MT
Guangxi, Sinopec - 3MT + Phase 2 Exp 2MT
Hainan, CNOOC - 3MT
Qingdao, Sinopec - 3MT + Phase 2 Exp 3MT
Shanghai, CNOOC - 3MT + Phase 2 Exp 3MT
Yuedong, CNOOC - 2MT
Dongguan, JOVO - 2.3MT
Wuhaogou, Shenergy - 2MT + Phase 2 Exp 2.5MT

Total 51.2 Handling Capacity. Of which 43.55MT is contracted.

6 Terminals Currently Under Construction and 3 Expansions(all uncontracted):

Wenzhou, Owned by Sinopec - 3MT Completion 2018
Wuhu, CNOOC - 1MT Completion 2017. Phase 2 .5MT completion 20' Phase 3 1.5MT 30'
Zhoushan, ENN - 3MT Completion 2018
Qidong, Guanghui - 3MT Completion 2019
Shenzhen, CNOOC - 4MT Completion 2020p
Tianjin, Sinopec - 3MT Completion 2017
Shanghai - 3MT Phase 2 Exp
Fujian - 1.1MT Phase 3 Exp
Wuhaogou - 2.5MT Phase 2 Exp completion expected 2017
Rudong - 3MT Phase 2 Exp completed Nov 16'

Total 26.6MT

Proposed projects that are front-runners to succeed:

Lianyungang - 3MT + Jiangmen 6MT. Both are owned by Huadian and waiting to be approved by the National Energy Administration. However, the NEA has a current policy of expanding existing terminals in a province rather than constructing new ones - and both provinces(Guangdong & Jiangsu) already host terminals.

Zhuhai (Huangmao Island) - 2.8MT Hanas. FID expected 2018 with commercial operations to begin in 2020. Phase 2 exp 3.2MT.

Guangzhou (Nansha Port) - 2MT Guangzhou Gas & ENN (who is building the 3MT receiving terminal in Zhoushan). Commercial operations to be begin by 2020.

Rizhao - 2MT Royal Golden Eagle. In May 2016 RGE - Singapore based parent company of Pacific Oil & Gas Ltd, which is behind the $1.7 billion Woodfibre project, announced a $3.9 billion investment in new receiving terminal in Rizhao.

Jiangyin - 1MT Hanas. FID expected in 2019 with commercial operations to begin in 2020. Phase 2 exp 2MT... FID 2022 to start in 2023. On March 7th 2016, Huanqiu Contracting & Engineering Co. held the signing ceremony of the design of the Jiangyin terminal.

Chaozhou - 3MT Chaozhou Huafeng. On Sept 10 2016, Chaozhou Huaying Natural Gas Co and Chinese Global Engineering Co Ltd held a signing ceremony in Beijing for the design of the project.

Now you can truly understand the impact and important role China will have on helping US projects reach FIDs. Growth is certainly going to keep soaring and when the 28.3MT in expansion projects eventually come online, the country will have import capacity of over 100MT!!
Having been to China on many occasions and seen the shocking extent of their air pollution - imagining angry storm clouds every day gives you a sense - would be cool to return to China one day to finally see blue skies, knowing how that was made possible... from where our journey began!