Tag Archives: China

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 …

Russia set a record in daily gas deliveries to China on Wednesday, according to the head of the Russian energy giant Gazprom. Speaking at a meeting in Moscow, Alexey Miller said Gazprom made a decision to supply gas to China in volumes exceeding the daily contractual obligations. The maximum excess …

Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. Brent futures for February fell 26 cents, or 0.3 per cent, to $83.00 a barrel by 0430 GMT, while U.S. crude fell 26 cents, …

The Qinshui coalbed methane field in north China’s Shanxi Province, the largest of its kind in the country, produced 6 million cubic meters of gas on Tuesday, hitting a fresh daily high. Located in the southeast of Shanxi, the PetroChina Huabei Oilfield’s Qinshui coalbed methane field spans more than 3,000 …

India has seen a considerable increase in exports of solar modules following the Biden administration’s ban on such modules suspected of being produced using forced labor in China. According to a report in the Times of India, solar module exports during the third quarter of the year totaled $157 million, …

Russian President Vladimir Putin on Wednesday has inaugurated the Kovykta natural gas field in eastern Siberia, located strategically to allow Russia to increase gas exports to China amid growing tensions between Moscow and the West. The inauguration is the culmination of efforts that began about a decade ago to develop …