The Shenzhen Nanshan Power (NSRD) is scheduled to offer about 32,000mt of fuel oil in total from storages of subsidiary three oil-fired gas turbine power plants in the near term, revealed a company source.
The three power plants shifted to burn natural gas in the second quarter of this year in response to the government's call and they had sufficient fuel supply since then, the source said.
The fuel oil was purchased during end 2009 and early 2010, according to the source. Traded prices of low-metal fuel oil for power plant use were Yuan 4,100-4,200/mt in the period, showed C1's record.
"Specific sales mode and date are yet to be fixed, and the fuel may likely be sold to inner-trade bunker market or northern fuel oil market," said a source with NSRD Dongguan (Weimei) Power, one of the three power plants.
NSRD's Dongguan Zhangyang Power Plant, which also turned to natural gas, sold 2,500mt of fuel oil to inner-trade bunker market in November.
Up till end December, of the 14 oil-fired gas turbine power plants in Guangdong Province, 12 has switched to consume natural gas and 2 put up the shutters under the government's surveillance, according to fuel oil suppliers for the power plants.
Guangdong is expected to record less power demand for peak-shaving purpose in 2011 thanks to ample power supply, thus fuel demand from power plants would drop further, industry sources denoted.
A source with one Dongguan power plant said the plant planned to purchase 90,000mt of natural gas in the whole year of 2011, with monthly average 25% lower than the previous year.
As C1 reported earlier, most oil-fired gas turbine power plants in Guangdong had inked agreements with China National Offshore Oil Corporation on purchasing liquefied natural gas originating from Qatar since the third quarter of 2010.
The three power plants shifted to burn natural gas in the second quarter of this year in response to the government's call and they had sufficient fuel supply since then, the source said.
The fuel oil was purchased during end 2009 and early 2010, according to the source. Traded prices of low-metal fuel oil for power plant use were Yuan 4,100-4,200/mt in the period, showed C1's record.
"Specific sales mode and date are yet to be fixed, and the fuel may likely be sold to inner-trade bunker market or northern fuel oil market," said a source with NSRD Dongguan (Weimei) Power, one of the three power plants.
NSRD's Dongguan Zhangyang Power Plant, which also turned to natural gas, sold 2,500mt of fuel oil to inner-trade bunker market in November.
Up till end December, of the 14 oil-fired gas turbine power plants in Guangdong Province, 12 has switched to consume natural gas and 2 put up the shutters under the government's surveillance, according to fuel oil suppliers for the power plants.
Guangdong is expected to record less power demand for peak-shaving purpose in 2011 thanks to ample power supply, thus fuel demand from power plants would drop further, industry sources denoted.
A source with one Dongguan power plant said the plant planned to purchase 90,000mt of natural gas in the whole year of 2011, with monthly average 25% lower than the previous year.
As C1 reported earlier, most oil-fired gas turbine power plants in Guangdong had inked agreements with China National Offshore Oil Corporation on purchasing liquefied natural gas originating from Qatar since the third quarter of 2010.
