CONTENTS

Chapter one The summary and analysis of industry development       1

Section one The summary of natural gas      1

One , what is the natural gas    1

Second, LNG, CNG and LPG    2

Third, characteristic of the natural gas   3

Fourth, use of natural gas 4

Fifth, the distribution situation of Chinese natural gas resource       5

Section two Overview of natural gas industry       6

First, overview of world natural gas industry  6

Second, overview of Chinese natural gas industry      8

Chapter two development environment of Chinese natural gas industry 10

Section one International environmental analysis for needing of petroleum gas   11

First, strategic pattern change of world petroleum gas       11

Second, current consumption situation of world petroleum gas 12

Third, production status of world petroleum gas   12

Fourth , fluctuation and upward state and influence of the international oil price  15

Five,World petroleum gas requirement forecasting after 2005  17

Section two Chinese energy market faces the reform  19

First, the existing problem in the market reform of Chinese energy domain   19

Second, goal and particularity of the market-based reform       21

Third, present market-based reform need the relevant respects of the reform badly   24

Section three Regulatory system of Chinese natural gas industry    28

First, current situation of regulatory system of Chinese natural gas trade      28

Second, development direction of Chinese natural gas trade's regulatory system       30

Section four Adjust situation introduction in tax amount of natural gas resource of crude oil      34

Chapter three Analysis of state of development of relevant industries     36

Section one State of development of world energy market 36

First , current situation and characteristic of world energy-consuming    36

Second, the energy supply and consumption trend of the world      41

Third, overall situation of energy market of the world  47

Section two State of development of Chinese petroleum industry     52

First, economic benefits situation of petroleum industry     52

Second, imports and exports analysis of petroleum industry     57

Third, the characteristic analysis of oil demand    59

Fourth, analysis and prediction of China's oil demand on later stage      62

Section three Analysis and predicting on later stage of Chinese petroleum market of 2005       66

First, characteristic of Chinese petroleum market of the first half of the year 66

Second, situation prospect of Chinese petroleum market of the second half year       72

Chapter four Market requirement forecasting of Chinese natural gas industry     77

Section one Industry's requirement forecasting    77

First, the influence factor analysis of industry's demand of natural gas   77

Second, current demand situation analysis of natural gas industry  82

Section two Industry's requirement forecasting     85

First, the supply and demand prediction of natural gas market in 2006 and the following several years  85

Second, The consumption purpose analysis of natural gas      86

Chapter five Development strategy of Chinese natural gas   90

Section one Development strategy of natural gas industry 90

First, do a god job in the appraisal development of low grade resources conscientiously   90

Second, appropriate to move westwards some industrial factories   91

Third, pay attention to the position in natural gas industry of liquefied natural gas      92

Section two Development strategy measure of natural gas industry 93

First, establish and strengthen the new resource values    93

Second, set up the concerted management system of national natural gas   95

Third, promote setting-up and completion of main body of natural gas industry    96

Fourth, push integrated and coordinated development from head to foot      97

Fifth, strengthen investment of natural gas industry    98

Sixth, strengthen the research of technique of exploration of natural gas      99

Seventh, strengthen the research that the natural gas utilizes technology     100

Chapter six Analysis of development state of world natural gas industry  101

Section one State of development of world natural gas      101

First, the situation of store and producing of world natural gas 101

Second, world natural gas consumption situation 107

Third, world natural gas trade situation  108

Fourth, world natural gas price situation 108

Section two State of development of world liquefied natural gas       110

First, competitiveness of LNG and petroleum       111

Second , the world LNG trade overview  112

Third , the world LNG trade 's development characteristic  113

Fourth , the world LNG resource potentiality and main importer       119

Fifth, expansion of the world LNG transport capacity   121

Sixth , the world LNG market and pricing mechanism  122

Seventh, cost analysis of the world LNG 124

Eighth, development in LNG of international major oil companies    126

Chapter seven Analysis of development state of Chinese natural gas industry     129

Section one The production and sale state of Chinese natural gas industry  129

First, reserves situation     129

Second, condition of production      130

Third, sales situation  133

Section two State that the Chinese natural gas industry develops    134

First, pipeline engineering construction and running to make good progress       134

Second, natural gas market development acquire a great achievement 135

Third, cooperate and merge make progress overseas       137

Fourth, the urban gas trade raises the upsurge of merge and recombinating       138

Section three The operation survey analysis of Chinese natural gas industry in 2005 140

Section four State of development of Chinese liquefied natural gas 143

First, China develops reason analysis of LNG      143

Second, the current development situation of China LNG  145

Third, the question that China develops LNG also needs to pay attention to 147

Fourth, forecast of development of China LNG    148

Chapter eight State of development of regional market of Chinese natural gas    152

Section one Regional market analysis of Chinese natural gas  152

First, the main regional condition of production and national proportion 152

Second,the main regional condition of production and national proportion of 8 months before 2005      154

Third, main regional consumption situation   155

Section two Natural gas market analysis of the Northeast  156

First, the current utilization situation of Chinese Northeastern natural gas     157

Second, demand potentiality analysis of Chinese Northeastern natural gas  158

Third, propose     163

Section three Natural gas market analysis of the southwest      164

First, four major natural gas fields of the western region    164

Second,the production and consumption situation of southwest natural gas  164

Third, advantage analysis of southwest natural gas    166

Fourth, the application situation of the southwest CNG      167

Fifth, the consumption situation of southwest natural gas have remained to improve  168

Section four Natural gas market analysis of eastern area  169

First, state of production of energy of eastern area    170

Second, energy-consuming and characteristic of eastern area 175

Third, the condition of production and national proportion of natural gas of eastern area  180

Fourth,The condition of production and national proportion of natural gas of eastern area in 2005 181

Fifth, natural gas requirement forecasting of eastern area 182

Sixth, " diversion of natural gas from the western to the eastern regions " , with the development analysis in the eastern area       182

Section five Natural gas market analysis of the Northwest  184

First, Xinjiang       184

Second, Shanxi    196

Chapter nine Main investment field analysis of Chinese natural gas  203

Section one State of development in the field of urban natural gas  203

First, current situation of Chinese urban gas 203

Second, development of foreign urban gas   208

Third, the domestic gas market LPG will coexist with the natural gas for a long time    209

Fourth, development trend of Chinese urban gas       211

Section two State of development in the field of car fuel of natural gas   215

First, physical property of the natural gas fuel      215

Second, current situation of the development of natural gas car      220

Third, kind of the natural gas car     221

Fourth, the advantage of natural gas substitute the petrol and diesel oil       221

Fifth, brief introduction of natural gas gas station 223

Sixth, development trend   225

Section three State of development in the power field of natural gas      225

First, current situation of natural gas power  226

Second, four major advantages of natural gas power 227

Third, question and countermeasure of natural gas power       229

Fourth, the technological characteristic and prospect of employing of natural gas power   233

Fifth, development prospect of natural gas power       244

Chapter ten Main strategic analysis of domestic and international oil company    247

Section one New tendency of the development strategy of international major oil companies    247

First, new challenge which the international major oil companies face    247

Second, the new tendency of development strategy and new characteristic of international major oil companies 253

Section two The latest rank and analysis of world 50 largest oil company      268

First, the overall pattern of big oil company of world 10 has not been turned into but the competition has been fierce       269

Second, reserves take over the factor exerts an influence on the rank   270

Third, the oil company's mergence exerts a great influence on rank       270

Fourth, rank will appear great change    271

Fifth, summary of 20 largest petroleum enterprises of world     272

Section three Business performance analysis of great domestic and international oil company 275

First, achievement of every large domestic and international oil company     276

Second, achievement contrast of every large domestic and international oil company       286

Third, management characteristic of every large domestic and international oil company  291

Section four Brief analysis of three major oil companies in China     300

First, PetroChina Company Limited 300

Second, the achievement analysis of China's petroleum in 2004     304

Third, China Petrochemical Corporation 313

Fourth, China National Offshore Oil Corporation  332

Chapter eleventh Development trend of natural gas industry of 2006 and the following several years       339

Section one Development trend of world natural gas industry   339

First, the world " rising industry "     339

Second, world natural gas industry has a good prospect   340

Third, the demand of world natural gas increases 2.4% per year     342

Fourth, the yearly investment cost of global natural gas market will amount to 105 billion US dollars      343

Section two Development trend of Chinese natural gas Industry      344

First, demand increase sharply and bring the opportunity for development   344

Second, sell terminally become the popular investment spot     345

Third, must solve the bottleneck problem      346

Section three Development relation between Chinese natural gas and other energy  347

First, relation of natural gas and coal     348

Second, relation between natural gas and petroleum  349

Third, relation between natural gas and regenerated energy    350

Fourth, relation in terminal use of natural gas and electricity    351

Section four The reformation of Chinese natural gas's factory price       352

First, the current structure of factory price influence the production and consumption of natural gas      352

Second, the current environmental basis of market economy which reform the structure of factory price       356

Third, the concrete suggestion of structure reform of factory price  362

Chapter twelfth Investment analysis of China natural gas industry in 2006 and future several year      368

Section one Investment opportunities analysis for natural gas industry   368

First, China gas industry entire domain opening to the outside world      368

Second, comparison advantage in market demand aspect of natural gas      369

Third, the market localization of natural gas consumption should first center the eastern area use the gas   370

Fourth,the natural gas of the private enterprise investment is in the right season       373

Fifth, the oil price boost natural gas investment is lucky     375

Sixth, the Chinese natural gas industry exists enormous development space       378

Section two Investment risk factor analysis of natural gas industry   382

First, risk factor of price change      382

Second, risk factor of seasonal variation       384

Third, risk factor of special-purpose assets   385

Fourth, risk factor of the competitive substitute    388

Fifth, structural risk factor  390

Section three Precautionary measures of the market Risk 391

First, adopt the encouragement policies 391

Section four LNG trade's SWOT analysis      394

First, Strengths    395

Second, Weaknesses 396

Third, Opportunities    398

Fourth, Threats   400

Chapter thirteenth Financing question analysis of Chinese natural gas project    402

Section one The evolvement of financing of natural gas project      402

Section two Project characteristic, financing characteristic and influencing factor analysis of natural gas      404

First, main characteristic of natural gas and project    404

Second, financing characteristic of natural gas project      406

Third, relevant influence factors of financing of the natural gas project  407

Section three Financing countermeasure and suggestion about China's future natural gas project 408

First, Consider the financing of the project from whole industry chain     408

Second, consider the financing of the project from three links of the industry chain    409

Third, adopt the various forms to carry on the financing of project   411

Fourth, importance that country raises funds       413

Fifth, attract private investment effectively     413

Sixth, policy support of government 414

CHART CONTENTS

Chart :In 2005 the resource tax amount form of Chinese crude oil natural gas     34

Chart :Variation tendency of world energy-consuming 37

Chart : World energy consumption structure 39

Chart : The surplus proving up reserves , output and consume scales of world petroleum 40

Chart : The reserves and the proportion of store and exploitation of  world coal and natural gas   41

Chart : Energy demand in the world in the future 42

Chart : The form of energy-consuming of the world in the future      44

Chart : Development trend of energy intensity in the world       45

Chart : In 1980-2004 the increase situation of the energy-consuming of the world      48

Chart : According to energy rate of increase in the world where the variety was divided in 2004      48

Chart : Energy-consuming of the world occupied the country of the first 10 in 2004    49

Chart : Carbon emission in the world of 1990-2004     50

Chart : 2004 Main economic indicator of Chinese petroleum trade  53

Chart : Main economic indicator of three major National Oil Company of 2004     53

Unit: A hundred million yuan      53

Chart : amount of national processing crude oil and output of main products of 2004 54

Chart : imports and exports amount of Chinese petroleum , liquefied gas and other oil products of 2004      58

Chart : 1998-2004 the import-export volume of Chinese crude oil and finished oil       59

Chart : The supply and demand balance sheet of Chinese crude oil and the main oil of 2004  60

Chart : The compared with increase rate of apparent consumption volume of crude oil and main oil in 2003 and 2004       61

Chart : The increased tendency of oil demand in 2004      62

Chart : The national crude oil and main oil supply is compared with in January - May of 2005 and the same period of 2004      69

Chart : Crude oil , some oil and total requirement forecasting of petroleum of 2005    73

Chart : The output prediction of China's main oil in 2005   74

Chart : The imports and exports situation prediction of China's main oil in 2005   75

Chart : The consumption prediction of Chinese natural gas in 2005-2020     86

Chart : Volume of consumption of natural gas in the main country of the world of 2000      86

Chart : The store output of world natural gas in 2003 and 2004      103

Chart : Output of natural gas in the main countries and regions of the world of 2004  106

Chart : The area forms situation of output of world natural gas of 2004  106

Chart : Growth amount of the volume of consumption of natural gas in every continent of the world of 2004 108

Chart : 1985-2004 Natural gas price comparison of every staple market of the world  109

Chart : Some national natural gas in the world terminal price of 2004     110

Chart : The world LNG stock and exchanging trade (1992-2001)     115

Chart : Requirement forecasting of the imported LNG countries and regions 120

Chart : the LNG condition of sales of TOTALFINA-ELF      128

Chart : Amount of production of every month of natural gas of January - December of 2004     131

Chart : Picture of condition of production of every month of natural gas of January - December of 2004       132

Chart : The output of national natural gas in January - December of 2004    132

Chart : Amount of production of natural gas of every month of the whole country in January - August of 2005      141

Chart : Amount of production of national natural gas of 2004-2005 142

Chart : The output of national natural gas in January - August of 2005   142

Chart : Circulation efficiency of 5 kinds of daily liquefaction circulation of small-scale natural gas liquefaction device       149

Chart : Output of Chinese natural gas each province and municipality and specific gravity of portion of 2004      152

Chart : Main enterprise's output situation of Chinese natural gas in January- August of 2005   154

Chart : The requirement forecasting of LNG project which studying in southeast coastal area  156

Chart : The utilization situation of pipeline-gas of Chinese Northeast city       157

Chart : Natural gas pipeline of Chinese each province and municipality of the Northeast   161

Chart : Natural gas requirement forecasting of Chinese Northeastern every profession and trade   162

Chart : The output and proportion of Chinese natural gas of Sichuan Province in 2004     164

Chart : Amount of production of Chinese east energy of 1995 - 2001     170

Chart : Generation of east of China in 1995 - 2001     174

Chart : 1995- 2001 Energy production and forming in the east of China 174

Chart : Volume of consumption and forming of Chinese east energy of 1995 - 1999   176

Chart : Total amount and forming of the energy-consuming in recent years of the east of China      177

Chart : Terminal volume and forming of consumption of the east of China of 1997 , 1999  179

Chart : The consumption volume of terminal energy of main industry and department of the east of China of 1999       180

Chart : Output and proportion of province and city of East China of Chinese natural gas in 2004    181

Chart : The output of province and city of East China of Chinese natural gas in the past 8 months of 2005  181

Chart : The used structure of natural gas of Shanxi province in 2020     199

Chart : Categorised user's requirement forecasting for every periods in Shanxi   200

Chart : Distribution proportion of various source of the gas in the city    210

Chart : The CNG car quantity and gas station counts of main country of the world      220

Chart : The comparison sheet of operate prices of petrol and natural gas car      222

Chart : Comparison of circular thermal efficiency of routine coal-fired generation of electric power with gas - steam turbine unite 235

Chart : The environmental impact of installed capacity 500 MW uses the power plant of natural gas and compares with the coal-fired power plant  236

Chart : Main performance index of the advanced miniature gas turbine  241

Chart : Comparison of fuel cost of routine coal-fired generation of electric power with gas - steam turbine unite  242

Chart : The decreasing situation of traditional output of international major oil companies in the main producing region of Europe      248

Chart : The decreasing situation of traditional output of international major oil companies in the main producing region of U.S.A.       249

Chart : The main source of the newly-increased oil gas output of other international major oil companies after 2006       254

Chart : Position of international major oil companies in 50 great projects       257

Chart : Prospect of production of unconventional petroleum in the world       262

Chart : LNG production capacity of international major oil companies     262

Chart : Overall management state of foreign six major oil companies of 2003       277

Chart : The upper reaches plate profit situation of every large oil company of world of 2003    280

Chart : Profit structure of every large domestic and international oil company of 2003       281

Chart : Downstream plate profit situation of every large oil company of 2003       282

Chart : Chemical plate profit situation of every large domestic and international oil company of 2003     283

Chart : Overall management state of three major petroleum joint-stock company of China 284

Chart : The increasing degree of business income of every large domestic and international oil company in 2003       287

Chart : The increasing degree of after-tax profit of every large domestic and international oil company in 2003   288

Chart : The overall profit rate of every large oil company in 2003    289

Chart : The open profit rate of every large oil company in 2003       290

Chart : The stock market behave of every large oil company since 2003       291

Chart : 1999- 2003 financial situation of Chinese petroleum and natural gas Limited Company       305

Chart : 1999-2003 the sketch map of profit tendency of Chinese petroleum and natural gas Limited Company    306

Chart : 2000-2004 financial affairs and output tendency change of Chinese petroleum and natural gas Limited Company      307

Chart : The tendency situation of income from sales of Chinese petroleum and natural gas Limited Company in 2000-2004    308

Chart : The tendency situation of net profit of Chinese petroleum and natural gas Limited Company in 2000-2004       308

Chart : The crude oil output situation of Chinese petroleum and natural gas Limited Company in 2000-2004       309

Chart : The output situation of natural gas of Chinese petroleum and natural gas Limited Company in 2000-2004       309

Chart : The situation of processing amount of crude oil of Chinese petroleum and natural gas Limited Company in 2000-2004    310

Chart :The output situation of finished oil of Chinese petroleum and natural gas Limited Company in 2000-2004       310

Chart : The operating situation of exploration and exploitation of Chinese petro-chemical corporation in 2004     318

Chart : The formed situation of crude oil source of Chinese petro-chemical corporation in 2004      320

Chart : The procreative condition of oil refining of China petro-chemical corporation  of 2004 320

Chart : The operation situation of marketing and distributing of Chinese petro-chemical corporation of 2004       322

Chart : Output of the main chemical products of Chinese petro-chemical corporation of 2004  324

Chart : The condition of reconnoitre , exploitation and production of oil gas of Chinese petro-chemical corporation in the first half of 2005   326

Chart : Condition of production of oil refining of Chinese petro-chemical corporation of 2005   328

Chart : The situation of marketing and distributing of finished oil of Chinese petro-chemical corporation in the first half of 2005  329

Chart : Output of main petrochemical industry products of China petro-chemical corporation of the first half of 2005       331

Chart : Oil profit performance of China National Offshore Oil Corp. of 2003-2004       334

Chart : The factory price in the gas field of China       353

Chart : The count of enterprise's net profit of large listing chemical fertilizer taking natural gas as raw materials of the southwest in recent years  359

Chart : The compare of raw materials form and cost of the large-scale synthetic ammonia device at present in China       360

Chart : The contrast of producing cost and profit level of the urea before and after adjusting   364

Chart : 1998-2002 U.S.A.'s industrial natural gas average price      382

Chart : Price of every month of industrial natural gas in U.S.A. of 2002  382

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