Tag Archives: China

China has seen steady increases in a variety of energy resources in 2022 as the country stepped up efforts to ensure energy security against a volatile global market. The following is the output of the world’s largest energy consumer’s fossil fuel as well as clean energy in 2022: China produced …

China is snapping up cargoes of crude that would normally head to Europe, spooking the continent’s physical oil traders who’ve just seen imports from Russia all but halt at a time when local demand is rising. The world’s largest oil importer already bought 5 million barrels of mostly-Kazakh crude for …

Despite being a huge manufacturing country – the biggest in the world, in fact – until recently, China has not been on the radar when it comes to car manufacturing. Chinese automakers have never gained global attention for their high-quality petrol or diesel cars, with other U.S., European or Asian …

Oil prices rose as much as $1 on Friday, extending gains from the previous session, supported by hopes of a China demand boost and after data showed lower U.S. fuel inventories following a winter storm that hit at the end of the year. Brent crude futures were 75 cents, or …

The China-Russia east-route natural gas pipeline has raised its daily gas transmission capacity to 61 million cubic meters since its operation three years ago, and the annual gas transmission volume is expected to exceed 22 billion cubic meters in 2023, China Media Group (CMG) reported on Monday. In 2022, the …

Changqing oilfield, China’s largest oil-and-gas field, produced over 65 million tons of oil equivalent (TOE) of crude oil and natural gas in 2022, setting a new record for output in China’s domestic oil and gas fields, the company said. Changqing oilfield built an oil and gas production capacity of over …

Despite bold climate pledges from a plethora of major world powers, it seems that many are unable to break their addiction to coal, as consumption is set to hit an all-time high (once again). Several countries have launched climate strategies that include the phasing out of coal production and use …

As Europe is struggling to reduce its dependence on Russian gas, seeking to secure gas from the Middle East, China beat Europe to the punch and at the end of last November sealed the largest ever liquefied natural gas (LNG) deals with Qatar at the staggering amount of US$ 60 …

Gazprom’s natural gas exports this year have fallen by close to 50 percent to 100.9 billion cubic meters outside the former Soviet Union, Bloomberg reported this week, citing a statement by the giant’s chief executive Alexander Miller. This is the lowest since 2000, the report noted. The drop was the …

China’s energy regulator presented its major achievements in energy development in 2022 and outlined its objectives for the coming year at the National Energy Work Conference on Friday. In 2022, China made significant strides in increasing oil and gas storage and production, with crude oil output reaching 200 million tonnes …