Tag Archives: CGTN

Oil prices rose by about 4 percent on Friday as U.S. gasoline prices jumped to a record high and investors worried supplies will tighten on the tit-for-tat sanctions between European Union and Russia. Brent futures rose by $4.10, or 3.8 percent, to settle at $111.55 a barrel. U.S. West Texas …

The European Union’s top diplomat said Brussels will impose new sanctions on Russia for waging war against Ukraine, targeting Moscow’s oil industry, banks, and those responsible for disinformation. “We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors, and tackle oil imports,” …

The last few generating units of southwest China’s Baihetan Hydropower Station are being installed and tested. The station, which represents a breakthrough for China in terms of high-end equipment manufacturing, will have a total installed capacity of 16 million kilowatts. It will be equipped with 16 hydro-generating units, each with …

Poland’s and Bulgaria’s decision not to pay for Russian natural gas in rubles could have serious consequences not just for the two European countries, but for the rest of the continent as well. While heavily dependent on Russian energy, Europe, at least at this point, does not have much choice …

Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signaling the urgency driving Europe’s biggest economy to wean itself off energy from Russia. “We are actively working to get independent from the import of (Russian) oil and we think that we will be able to …

Gazprom Germania, an energy trading, storage and transmission business under Russia’s natural gas giant Gazprom, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said on Monday. All voting rights in the company will be transferred to the regulator, the Bundesnetzagentur, Habeck told a news …

Slovakia is willing to pay for Russian gas in rubles to keep its gas supply, the country’s Economy Minister Richard Sulik said on national television on Sunday. “If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said, adding that the EU member state …

The first phase of construction on east China’s largest condensate gas field, Bozhong 19-6, began in Shandong Province on Saturday. It is the first 100 billion-cubic-meter gas field in China’s Bohai Bay. The project is expected to include eight individual structures – a central platform, three unmanned wellhead platforms and …

The U.S. Department of Energy (DOE) announced on Wednesday that it had authorized additional exports of liquefied natural gas (LNG) from two major facilities on the U.S. Gulf Coast to help Europe alleviate reliance on Russian energy. “While U.S. exporters are already exporting at or near their maximum capacity, with …

China National Offshore Oil Corporation (CNOOC), the leading liquefied natural gas (LNG) player in China, announced Sunday that it had completed concrete casting for the foundations of six world’s largest LNG storage tanks in Yancheng City of east China’s Jiangsu Province. The six storage tanks of 270,000 cubic meters, the …