China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals. China, the world’s biggest greenhouse gases emitter, has said its carbon emission would peak by 2030 while it would achieve carbon neutrality …
Read More »Japan will Consider Ways to Help LNG Market if Supplies Disrupted
Japan, a key importer of liquefied natural gas (LNG), will consider ways it can help the international community in the event of the Ukraine crisis disrupting supplies, Industry Minister Koichi Hagiuda said on Friday. He declined to confirm media reports that the United States had asked Japan if it could …
Read More »China Cuts First Batch of 2022 Crude Oil Import Quotas by 11Percent
China has issued its first batch of 2022 crude oil import quotas at a volume 11per cent below 2021’s first allotment, according to industry sources and a document reviewed by Reuters, with large private firms winning out over smaller processors, Global oil prices pared gains following the drop in import …
Read More »Japan to Auction more than 600,000 bbl of Oil from National Reserves in Feb
Japan’s industry ministry said on Monday it will hold an auction on Feb. 9 to sell about 100,000 kilolitres, or 628,980 barrels, of crude oil from its national reserve as a part of a U.S.-led coordinated release of oil reserve to cool rising prices. The supply, to be taken from …
Read More »China to Ease Energy Use Curbs to Relieve Economic Pressures
China will loosen blanket restrictions on energy consumption in order to ensure environmental and climate targets do not erode future economic growth, according to a policy document issued after an agenda-setting meeting of the country’s top leaders. The country will also move towards capping carbon dioxide emissions from overall energy …
Read More »BP Signs 10-Year Pipeline Gas Deal with China’s Shenzhen Gas
BP has signed a sales and purchase agreement with a unit of China’s Shenzhen Gas Group Co Ltd to supply piped natural gas for 10 years starting 2023, BP said in a statement on Wednesday. Under the agreement, BP will provide Shenzhen Sino-Benny LPG Co Ltd, a wholly-owned unit of …
Read More »India Seeks to Move Coal to Areas of Shortage as Power Demand Rises
India’s power minister on Saturday asked officials to consider diverting coal to power plants with extremely depleted stocks as shortages at some plants push several utilities to the verge of running out of fuel. Power minister R.K. Singh asked officials to “streamline the stock and supply of coal”, including a …
Read More »