PetroChina announced on Friday that it has completed drilling a well at a depth of 9,396 meters in Tarim Basin, northwest China’s Xinjiang Uygur Autonomous Region, making it the deepest horizontal well in Asia. It marks the Tarim Oilfield entering a new phase of oil and gas exploration at a …
Read More »China’s New Energy Storage Tech Drives High-Quality Development
With the world’s largest station for iron-chromium flow battery tested on Tuesday in north China, the country has paved a new path for renewable energy storage. An iron-chromium flow battery is a new energy storage application technology utilizing the chemical properties of iron and chromium ions in the electrolyte. It …
Read More »Electric Energy Expected to Exceed 30% of China’s Terminal Energy Consumption in 2025
The proportion of China’s electrical energy is expected to exceed 30 percent of the country’s total terminal energy consumption by 2025, according to a report released by China Electric Power Enterprise Federation on Friday. Statistics showed that China’s current terminal energy consumption electrification rate stands at 27 percent, higher than …
Read More »Chinese Shipbuilder Delivers World’s Largest River-Sea Intermodal LNG Carrier
An 80,000-cubic meter liquefied natural gas (LNG) carrier was delivered in east China’s Shanghai on Saturday, making it the largest river-sea intermodal LNG carrier in the world, said its builder Hudong Zhonghua Shipbuilding (Group) Co., Ltd., a subsidiary of the China State Shipbuilding Corporation Limited. With a length of 239 …
Read More »Russia Urges UN to Investigate Nord Stream Blasts after UN Says it has no Mandate
Russian Ambassador to the United Nations (UN) Vasily Nebenzya urged the UN Security Council to launch an investigation into the attacks on Nord Stream gas pipelines in September last year, saying the UN is capable of establishing mechanisms to investigate such an incident after UN said it had no mandate. …
Read More »PetroChina Sets Record for Deepest Vertical Well in Asia
PetroChina, China’s largest oil and gas producer, said on Monday that its Pengshen-6 oil well has reached a depth of 9,026 meters, smashing the record for deepest vertical well in Asia. Located in southwest China’s Sichuan Province, the well has complex geological conditions and exploration work faced multiple challenges, including …
Read More »China Reveals Key Achievements, Tasks for Energy Development
China’s energy regulator presented its major achievements in energy development in 2022 and outlined its objectives for the coming year at the National Energy Work Conference on Friday. In 2022, China made significant strides in increasing oil and gas storage and production, with crude oil output reaching 200 million tonnes …
Read More »Russia Ready to Resume Gas Supplies via Yamal-Europe Pipeline
The EU market remains open for Russian liquefied natural gas (LNG), and Russia is ready to resume supplies via the Yamal-Europe pipeline, Russian Deputy Prime Minister Alexander Novak said in an interview with TASS news agency. “Even now this market is not closed. For example, we were able to significantly …
Read More »IEA: Global Coal Consumption to Reach Record High in 2022
Global coal consumption will rise to an all-time high in 2022 and remain at similar levels for several years in the absence of stronger efforts to accelerate the transition to clean energy, a report by the International Energy Agency (IEA) showed Friday. The IEA expects global coal use to rise …
Read More »Azerbaijan Intends to Export 11.6 bln Cubic Meters of Natural Gas to Europe in 2023
Azerbaijan intends to export at least 11.6 billion cubic meters of natural gas to Europe in 2023, President Ilham Aliyev said in Bucharest at the signing ceremony of an agreement between the governments of Azerbaijan, Hungary, Georgia and Romania on a strategic partnership in the development and supply of green …
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