Coal output in China increased by 15% year-on-year in March, with daily production reaching record levels, thanks to Beijing’s calls for a steady market supply, reports Reuters. China churned out 395.79 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Monday, equivalent to …
Read More »Chinese LNG Imports Down 17% in March
Chinese LNG imports in March were 4.63mn metric tons, down 17% year/year, customs department data published on April 18 showed. The pipeline gas imports in March were 3.36mn mt, up 8.8% yr/yr. The cumulative LNG imports in the first three months of 2022 were 17.28mn mt, down 11.2% yr/yr. China’s …
Read More »Iran Oil Export to China Surges
The Islamic Republic of Iran has exported 337 million barrels of oil to China since the start of 2021 and the price of each barrel increased from 56 dollars to 97 dollars during this period, so the average oil price shows Tehran has not sold oil in cheap price. An …
Read More »China may Spend $100 Billion more on Crude Oil Imports in 2022 amid Surging Global Oil Prices
With the high volatility of international oil prices, China’s year-on-year increase in spending on oil and gas imports may exceed $100 billion, while further pressuring downstream business operations in addition to commercial consumption, financial media outlet Caixin reported on Wednesday, citing multiple experts. China may spend $100 billion more on …
Read More »China Slashes LNG Purchases
China is slashing liquefied natural gas purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand. Imports in the first quarter fell 14% from the same period last year, according to shipping data, and private companies are spurning offers to use once-highly coveted slots at state-owned …
Read More »China Helps Supply PV Module to Pakistan
Recently, C&D Clean Energy has announced a partnership with Integra Solar for panel supply chain services. According to a signed memorandum of understanding, C&D Clean Energy will provide Integra Pakistan with integrated supply chain services of 100MW solar modules in 2022. “Integra’s value concept is to write the earth’s green …
Read More »Russian Oil Continues to Flow to India and China
It has been exactly six weeks since Russia invaded Ukraine, with no end in sight to one of humanity’s biggest existential crises in modern times. In response to Russia’s unprovoked and unjustified war, the United States and the West have hit the rogue nation with a plethora of sanctions, with …
Read More »Outlook for China Oil Demand Darkens
The outlook for crude oil demand in the world’s second-largest consumer is dimmed amid the continued increase in Covid-19 cases and the extended lockdown in Shanghai, where daily cases have topped 2,000. Because of the movement restrictions put in place to rein in the spread of the virus and because …
Read More »China Energy Goals a Problem as U.N. Report Calls for Deeper Coal Cuts
A new U.N. report detailing what the world needs to do to combat climate change has highlighted the need for China – by far the world’s biggest greenhouse gas emitter – to accelerate its shift towards clean and low-carbon energy. This week’s report by the Intergovernmental Panel on Climate Change …
Read More »China Unveils 5-Year Plan on Energy Technology Innovation
China has unveiled a five-year plan, from 2021 to 2025, on developing energy technologies to propel green growth and digital transformation of the energy sector, the National Energy Administration (NEA) said Saturday. The country will focus on developing new technologies to render a more efficient, cost-effective and reliable supply of …
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