Russia in July took over second place in terms of natural gas supplies to China, regarding total gas supplies in pipeline and liquefied form, surpassing Australia, and consolidated its position in August, China’s customs service said. Turkmenistan has been the largest supplier of gas to China since the beginning of …
Read More »China Plans Mammoth Offshore Windfarm
The Chinese city of Chaozhou in Guangdong has plans to begin construction on its massive 43.3 GW offshore wind farm within the space of a few years, according to the city’s most recent five-year plan. The location of the wind farm is ideal, with winds strong enough to run the …
Read More »Saudi Oil Chief Holds Talks with Counterparts in China and India
Saudi Arabia’s energy minister held talks with counterparts from China and India, two of the kingdom’s biggest oil customers, amid a standoff with the U.S. over OPEC+’s decision to cut production. Prince Abdulaziz bin Salman held an online meeting with China’s National Energy Administrator Zhang Jianhua, during which they agreed …
Read More »China’s LNG Imports are Set for a Record-Breaking Plunge
Amid tepid demand and high spot prices, China is expected to see an unprecedented slump in its liquefied natural gas imports this year, ceding the world’s top LNG importer status back to Japan. Chinese buyers are expected to largely stay away from spot purchases on the LNG market as inventories …
Read More »Demand for Russian Crude Rises in India, China
Vessel tracking data suggest that the demand for Russian crude oil seems to be picking up, especially among India, China, and Turkey, according to media reports. The three countries have been Russia’s most reliable buyers of its crude during its ongoing conflict with Ukraine amid sanctions threat, reports said. Shipments …
Read More »China Vows to Step up Capacity of Energy Supply, Reserves
China will greatly increase domestic energy supply capacity and its reserve capacity for key commodities, government officials said on Monday, reiterating a policy of ensuring supplies and stabilising prices of raw materials. The world’s top energy consumer will enhance a “diversified domestic supply base” centred on coal while accelerating development …
Read More »Oil Market Flashing Weakness as China Weighs on Demand Outlook
Key oil market indicators are flashing signs of weakness in Asia as China’s Covid Zero policy continues to weigh on the demand outlook. The discount of Dubai swaps to global benchmark Brent has widened since the start of the month, while the prompt Dubai time spread recently narrowed to the …
Read More »China won’t Rush its Clean Energy Transformation
President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets. In a two-hour speech to kick off the weeklong Communist Party Congress, …
Read More »China Launches New Remote Sensing Satellite into Orbit
China sent a new remote-sensing satellite into space from the Xichang Satellite Launch Center in the southwestern province of Sichuan. China has deployed a Yaogan-36 Earth sensing satellite into orbit, the China Aerospace Science and Technology Corporation (CASC) said on Saturday, Sputnik reported. A Long March 2D launch vehicle carrying …
Read More »China Is Dominating the Global Electric Vehicle Battery Market
The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028. With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum. Visual Capitalist’s Bruno Venditti and Sabrina Lam have …
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