The largest solar manufacturer in the world has reduced the prices of a key component in solar installations by close to a third as production ramps up, threatening to sink weaker players. The update comes after in December Longi slashed prices by more than 27%. Per a Bloomberg report, Longi …
Read More »World’s Largest Green Hydrogen Project so far Set for China Switch-on
The world’s largest green hydrogen project — the 260MW Kuqa facility in Xinjiang, northwest China ¬— is to be commissioned at the end of May, with commercial operation scheduled to begin on 30 June, according to its developer, Chinese state-owned oil giant Sinopec. It will overtake the current world leader, …
Read More »Chinese Company to Build Iran-Russia Road for New Energy Facilities
Shenzhen-listed Jilin Jinguan Electric Co Ltd signed a memorandum of understanding (MoU) to build a road between Iran and Russia for the construction of new energy facilities, it said on Wednesday. The company plans to build 70 optical storage and charging stations worth 1.4 billion yuan and 3,400 charging facilities …
Read More »Iran-China Non-Oil Trade Value Hits $5.23bln in 4 Months
The value of non-oil trade exchanges between Iran and China has reached $5.23 billion in January-April, 2023, according to figures by the Chinese customs office. Trade between Iran and China had increased by 4% in value terms in January-April compared to the same period last year, the figures showed. The …
Read More »China’s Sinopec Signs Deal to Enter Retail Fuel Market in Crisis-Plagued Sri Lanka
Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter the South Asian island country’s retail fuel market as it struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval. The contract agreement would enable Sinopec 386, -0.39% to import, store, distribute and sell …
Read More »China Dominates Global Steel Industry
Steel is a critical component of modern industry and economy, essential for the construction of buildings, automobiles, and many other appliances and infrastructure used in our daily lives. Visual Capitalist’s Niccolo Conte create this infographic, using data from the World Steel Association, to visualize the world’s top steel-producing countries, and …
Read More »China Supports Accelerating Construction of another Gas Pipeline from Turkmenistan
Chinese President Xi Jinping called for accelerating the construction of the 4th line of the Turkmenistan-China gas pipeline, which will also be laid on the territory of Tajikistan and Kyrgyzstan, Trend reports. In his speech at the first face-to-face summit “Central Asia – China”, which is being held in Xi’an, …
Read More »China to Supply Key Turbines to Novatek’s Arctic LNG 2
China continues to fill the technology gap left by the exit of western companies from Russia’s Arctic energy projects. For the past year Novatek has been looking to procure crucial gas turbines for its Arctic LNG 2 project. Originally American company Baker Hughes had been slated to provide the equipment …
Read More »China’s Russian Oil Imports Rise in April but Saudi is Top Supplier
China’s crude oil imports from Russia rose 8.6 per cent in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel. Arrivals from Russia – including seaborne shipments and supplies via pipelines – totalled 7.1 million tonnes or 1.73 million barrels per day …
Read More »IEA: China’s Economic Recovery Boosts Global Oil Demand
Amidst an ongoing global shift towards greener forms of energy, the International Energy Agency (IEA) has predicted that global oil demand will rise more than previously anticipated, partly due to China’s economic rebound. World fuel consumption will increase by 2.2 million barrels a day in 2023 — about 200,000 a …
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