Tag Archives: China

After becoming the world’s largest importer of liquefied natural gas, China is now looking to become a factor in global LNG trade, analysts tell Reuters. China was the single biggest contributor to the rise in global LNG demand in 2021, after a lackluster 2020, due to the pandemic slump in …

The underwater shield crossing project that passes through the Yangtze River of China-Russia Eastern Gas Pipeline is in full swing, which is the key project of the southern section of the China-Russia Eastern Gas Pipeline, with a total length of 10.226 kilometers, the longest tunnel under construction across the Yangtze …

Gazprom and China National Petroleum Corporation (CNPC) have signed a new deal under which the Russian gas giant will deliver natural gas to China via the Far Eastern route, Gazprom said on Friday as China and Russia are strengthening their energy cooperation. Gazprom and CNPC signed a long-term Sales and …

China criticized U.S. President Joe Biden’s decision to extend tariffs on imported solar equipment, saying the act will “distort” international trades of the renewable energy product. “The U.S. government insisted on the extension regardless of the strong opposition domestically and internationally,” the Ministry of Commerce said in a statement on …

President Vladimir Putin unveiled a new Russian gas deal with China at a meeting with President Xi Jinping in Beijing on Friday, promising to increase Moscow’s far east exports at a time when Putin is at odds with European customers over Ukraine. Russia, already Beijing’s No. 3 gas supplier, has …

The U.S. and its European allies have approached several major natural-gas importers in Asia, including China, about sending their fuel to Europe if a conflict over Ukraine erupts, according to people familiar with the matter. President Joe Biden’s administration has spoken to officials in Japan, South Korea and India as …

China plans to launch by 2025 a unified nationwide power market system to ensure grid flexibility and stability and avoid a repeat of the energy crisis in the autumn of 2021. The power market trading system will see provincial and regional markets cooperate, which would improve cross-provincial and cross-regional market …

China’s National Energy Administration has announced that 2021 was the fifth consecutive year that newly installed wind and solar farms across the country accounted for over 50% of additional power capacity. Statistics show new solar farms added a record 54.9 gigawatts of power last year, which is 14% more than …

Venezuela appears to be following in Iran’s footsteps by starting to ignore U.S. sanctions on its oil industry to once again develop its substantial crude reserves. After years of stalling and losing out on international investment as well as vital revenues, Venezuela looks to be set to increase its oil …

Iran’s LPG exports are projected at around 6 million mt in 2022, with China poised to remain the main buyer, and the volume could be higher if the US lifted sanctions imposed by former President Trump on the country’s energy sector since 2018, sources familiar with the matter said. “The …