Tag Archives: China

China has been stepping up its natural gas purchases as well as facilitating construction in recent years, as part of efforts to ensure sufficient energy supply amid its green transition, said industry experts. The country is looking to sign more deals to avoid future shortages and reduce dependence on spot …

The European Union could move from one heavy energy dependence to another as the achievement of its green energy targets could depend on China as much as the EU’s gas deliveries depended on Russia until two years ago. The EU is sticking to its net-zero targets, and the European Parliament …

China is building two-thirds of the coal-fired electricity generation capacity currently under construction globally, and this may not be as disastrous for the climate as it sounds. The world’s largest producer and importer of coal has 136.24 gigawatts (GW) of coal-fired generation under construction, according to data released in July …

Russian state energy giant Gazprom has shipped its first consignment of LNG to China through Russia’s Arctic waters, duplicating the delivery route used by Russian natural gas producer Novatek. In January, Gazprom opened an LNG liquefaction plant on Russia’s Baltic coast, about 100 miles to the northwest of St. Petersburg. …

According to the World Bank, global seaport trade traffic reached 841 million TEUs (20-foot container equivalent units) in 2021. In this infographic, Visual Capitalist’s Freny Fernandes and Winifred Amase use that data to highlight the countries with the highest seaport trade traffic. China Leads All Seaport Trade Traffic With a …

China is back on the spot LNG market to seek cargoes for the coming winter, potentially upsetting a fragile balance in the global natural gas market just as Europe has reached its gas storage target well ahead of the November 1 deadline. Following a record slump in Chinese gas demand …

It looks as though the competition in semiconductors between the U.S. and China is only getting started. And hey, when it doubt: nationalize the industry! That seems to be China’s strategy after it was announced this week that Beijing is going to be launching a new, $40 billion investment fund …

China is by far the world leader in nuclear reactor development at present. The country has been rapidly expanding its nuclear energy industry in line with its renewable energy development, to diversity and become a leader in several clean energy sources. In contrast, the development of new plants in the …

Oil prices fell on Friday as the rising value of the US dollar and pessimism over China’s economic revival blunted gains from Saudi Arabia and Russia’s supply curbs. International benchmark crude Brent traded at $89.64 per barrel at 10.01 a.m. local time (0701 GMT), a 0.31% loss from the closing …

Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. Brent crude futures fell 24c to $90.36 a barrel by 4.12am GMT, after …