QatarEnergy will sign a 27-year deal to supply China’s National Petroleum Corp with 4 million tons of liquefied natural gas (LNG) per year, sources told Reuters on Tuesday. CNPC will also take a 5 per cent equity stake of one LNG train of QatarEnergy’s north field gas expansion, sources added.
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China’s coal-fired generation has increased the most of any power source this year as hydroelectric production has fallen amid lower-than-normal rainfalls that have reduced water levels on the biggest rivers and depleted hydro reservoirs. Wind and solar generation have also jumped this year as China leads global renewable energy installation …
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Oil prices were mixed in early trade on Tuesday as investors gauged the risks associated with China’s less-than-expected interest rate cut decision, which prompted doubts about the country’s post-COVID recovery. International benchmark Brent crude traded at $76.33 per barrel at 10.37 a.m. local time (0737 GMT), a 0.31% gain from …
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Economic partnership between China and Saudi Arabia is reaping more fruits, as the two nations extend their cooperation beyond oil as the closer bilateral relations are set to unleash more trade potential, with a focus on new-energy vehicle (NEV) manufacturing. On June 11, Saudi Arabia signed a $5.6 billion deal …
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China’s first hydrogen-powered locomotive converted from an internal combustion engine rolled off the production line in Datong City, Shanxi Province on Thursday. China Railway Rolling Stock Corp. (CRRC), the country’s largest railway vehicle and equipment manufacturer, said the locomotive, Ningdong, is the world’s most powerful hydrogen-powered locomotive by far. CRRC …
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Tax credits led to a surge in U.S. electric vehicle sales in the first quarter of 2023, making the United States the world’s second-largest EV market after China, Counterpoint Technology Market Research said in new research. U.S. passenger electric vehicle (EV) sales jumped by over 79% year-on-year in Q1 2023, …
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China’s first smart floating production, storage and offloading (FPSO) vessel was delivered in Nantong, East China’s Jiangsu Province on Friday, marking a milestone in the digital transformation and intelligent development of the energy sector in China, according to the vessel’s operator CNOOC Energy Technology & Services Ltd. The FPSO vessel …
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India will soon overtake China as the largest driver of global oil demand, International Energy Agency (IEA) chief Fatih Birol said on Wednesday, according to Reuters. Birol made this statement during a G20 event in New Delhi, emphasizing the “rapid growth of electrification in cars and buses in China as …
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The first day of the 10th Arab-China Business Conference in Saudi Arabia ended with the signing of 30 investment agreements worth 37.5 billion Saudi riyals ($9.9 billion). The parties signed agreements in the field of technology, renewable energy, agriculture, real estate, minerals, logistics, tourism and healthcare, the state-run Saudi Press …
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The nuclear arsenals of several countries, especially China, grew last year and other atomic powers continued to modernise theirs as geopolitical tensions rise, researchers said on Monday (Jun 12). “We are approaching, or maybe have already reached, the end of a long period of the number of nuclear weapons worldwide …
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