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Russia-China Gas Pipeline could Take 10 Years to Build

The construction of the second Power of Siberia gas pipeline from Russia to Northern China could take up to 10 years because it involves “tremendous work, jobs and negotiations,” the president of the research division of China’s state energy giant CNPC said this week. Lu Ruquan, president of the CNPC …

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UAE to Hike LNG Exports to Meet Soaring Global Demand

The United Arab Emirates is growing its LNG exports to meet surging global demand that will outpace investment in supply, according to the UAE’s Energy Minister Suhail al-Mazrouei. “We intend not only to satisfy our local demand, but we are also growing our export of LNG,” the minister told Reuters …

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China Oil Imports Surge to Two-Year High

China imported 12.38 million barrels of crude oil daily last month, which was a 4.88% increase on the year and the highest import rate since August 2023, Reuters reported, citing government data. The November import figure also represented a 5.24% increase on October oil imports, the data showed, driving the …

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