The United States called on China on April 18 to stop “bullying behavior” in the South China Sea and said it was concerned by reports of Beijing’s “provocative actions” aimed at offshore oil and gas developments in the disputed waters. Three regional security sources told Reuters on April 17 that …
Read More »The World’s Energy Order Is Changing
There have been many articles written about the social changes that may occur in the aftermath of the Great Shutdown. But one major change is already upon us, and it’s being powered by forces that began years before the coronavirus emerged. It’s occurring inside the global energy system. Since the …
Read More »Texan Scientists Work to Turn Plastic Waste into Roads
Researchers say the project could lead to more durable, sustainable and cheaper roads.
Read More »China’s Oil Refiners Buying Ultra Cheap Crude
Emerging from the coronavirus lockdown, China’s oil refiners are buying ultra-cheap spot cargoes from Alaska, Canada, and Brazil, taking advantage of the deep discounts at which many crude grades are being offered to China with non-existent demand elsewhere. The discounts of spot cargoes of Canada’s Cold Lake blend, Alaska North …
Read More »OPEC+ Oil Deal Could Benefit China, Stabilize Prices
The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies on Sunday agreed to a record output cut of 9.7 million barrels per day (bpd) in a bid to boost oil prices amid the coronavirus pandemic. While international benchmark Brent crude rallied on Monday on the latest development …
Read More »LNG Imports Market to Take a Hit Due to Covid-19 Crisis
In 2019, the three nations collectively imported nearly 51% of global LNG supplies.
Read More »Russia’s Gazprom Eyes Capacity Increase on China Gas Export Link
Russia’s Gazprom is working to boost the capacity of its landmark gas pipeline to China — the Power of Siberia — as it looks to ramp up flows via the line. The pipeline, whose design capacity is 38 Bcm/year, started commercial flows at a rate of some 10 million cu …
Read More »China’s Recovering Wind Industry Stands to Lose 2GW of Power Generation in 2020
Research states that halted production along with supply and logistics issues could lead to order delays.
Read More »China, UNIDO to Finance Covid-19 Medical Waste Management Project in Iran
The United Nations Industrial Development Organization (UNIDO) in cooperation with the government of China will jointly finance a project for medical waste management in Iran during the coronavirus outbreak in the country. The project will cost more than one million euros which will be totally provided by UNIDO and China, …
Read More »China Sees Power Demand Dip Lower than in 2008 Recession
The first two months of the year saw a 7.8% decline in power demand as a result of industrial and commercial stagnation.
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