Tag Archives: CGTN

The high energy prices are wreaking havoc with the world economy and it’s unlikely we can expect any reversal of fortune in the near future. And with the recent explosion of the Russian-based Nord Stream 1 and 2 natural gas pipelines in the Baltic Sea earlier this week, the energy …

On the islet of Revithoussa near Athens, Greece’s only liquefied natural gas (LNG) terminal station is operating at full capacity. The country has boosted LNG’s share in its energy mix since the onset of the energy crisis to protect households and businesses from blackouts. For Greece, the rocketing cost of …

Norway plans to maintain its currently high gas production levels until the end of the decade as Europe plans to reduce Russian imports, its energy minister said on Tuesday. The Nordic country is now Europe’s biggest supplier of gas, according to Refinitiv Eikon data, overtaking Russia, which has cut back …

China has the second largest number of nuclear power units in operation or under construction in the world, Tang Bo, an official with the National Nuclear Safety Administration, said on Tuesday. Speaking at the opening ceremony of the 29th International Conference on Nuclear Engineering (ICONE), Tang said that, as of …

Russian state-owned energy giant Gazprom has told European buyers it may not be able to continue sending gas because of “extraordinary circumstances,” according to an exclusive report by Reuters, raising fears that the ongoing annual maintenance of a key pipeline might extend beyond Thursday, the day it is expected to …

China’s crude oil output saw a steady expansion, rising four percent year-on-year in the first six months, official data showed. The growth was bolstered by increased oil and gas production. Relevant enterprises continue to intensify oil and gas exploration and development, effectively promoting the production and stability of crude oil …

Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would continue to assess market conditions and act as necessary. “There was no oil discussion at the summit,” Prince Faisal told a news conference, adding …

The U.S. said it expects further oil supply increases from Saudi Arabia after President Joe Biden met with Saudi Arabia’s Crown Prince Mohammed Salman. The White House on Friday welcomed the increase in production levels 50 percent above what was planned for July and August. It added these and other …

South Korea’s Ministry of Trade, Industry and Energy announced on Tuesday that it will increase nuclear power’s contribution to the national energy mix to 30% or more by 2030. President Yoon Suk-yeol has rejected the idea of phasing out nuclear energy, and made it a key pledge of his campaign …

For the first time, the U.S. provided more liquefied natural gas (LNG) to Europe than Russia sends by pipelines, according to the latest data released by the International Energy Agency (IEA). Russia ships about 150 billion cubic meters of gas to Europe via pipelines every year, and another 14 billion …