Tag Archives: China

Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a looming European Union ban on Russian crude. Brent crude futures fell $1.13, or 1.1%, to $106.01 a barrel at …

The last few generating units of southwest China’s Baihetan Hydropower Station are being installed and tested. The station, which represents a breakthrough for China in terms of high-end equipment manufacturing, will have a total installed capacity of 16 million kilowatts. It will be equipped with 16 hydro-generating units, each with …

CNOOC has brushed aside recent media reports that the firm is considering withdrawing from oilfield investments in the UK North Sea, the US and Canada. The Nikkei Asia financial publication said the Chinese national oil firm is not, contrary to reports, seeking to diminish its vulnerability to Western-led sanctions targeting …

China, the world’s biggest importer of liquefied natural gas, is trying to sell some spare supply due to fears that demand-sapping virus lockdowns could spread from Shanghai to other parts of the country. Major buyers, including Cnooc Ltd., are offering at least five shipments for summer delivery on the spot …

China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC. “If Japan leaves a project, then a third party can acquire it,” Trade Minister Koichi Hagiuda said in Tokyo on Friday. …

In 2021, an average 35.5 billion ft3/d of natural gas was consumed in China, more natural gas than in any previous year. More than half of the natural gas consumed in China in 2021 came from domestic production, but China also imported record amounts of natural gas by pipeline and …

Despite lots of talk about renewable energy acceleration, coal continues to dominate some markets. China is steadily increasing its coal output, while Indonesia looks to export to new European buyers. And while lots of countries are imposing sanctions on Russian coal, India is now backing up its cheap Russian oil …

China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC. “If Japan leaves a project, then a third party can acquire it,” trade minister Koichi Hagiuda said in Tokyo on Friday. …

CNOOC Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices. The company’s A-shares opened at 12.96 yuan ($2.02), after pricing at 10.80 yuan. China’s biggest offshore driller is raising 28 billion yuan ($4.3 …

China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the fuel due to high spot prices, according to Chinese customs data. China imported nearly 400,000 tonnes from Russia in February, …