China added a record amount of offshore wind last year as the country added massive amounts of renewable energy to help meet climate goals. The country now has the largest fleet of offshore wind turbines in the world after adding 16.9 gigawatts in 2021, state-owned CCTV reported, citing National Energy …
Read More »Russia-China Gas Supply Deals Reach High Degree of Readiness
The Russian-Chinese talks on supplies of gas from Russia’s Far East to China have reached a “high degree of readiness,” Russian Ambassador to China Andrey Denisov said at a news conference on Tuesday. He said that the project to deliver Russian natural gas to China via Mongolia was not the …
Read More »China is Reselling LNG Cargoes, Driving Gas Prices Lower
Major Chinese liquefied natural gas (LNG) importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to see it through the winter and easing concerns about the global gas crunch. Natural gas prices fell on Wednesday and …
Read More »China Reduces Imports of Russian Oil
For the second year in a row Russia loses to Saudi Arabia the competition for the world’s largest oil market. China, which buys more than 10% of world oil production daily, reduced imports of Russian oil in 2021, TASS reports, citing statistics from the General Administration of Customs of China. …
Read More »China Looks to Resell LNG as World Grapples with Gas Shortage
China, the world’s biggest buyer of liquefied natural gas, kicked off an unprecedented effort to resell its supply, alleviating global fuel shortage fears that have sparked record prices this winter. Two of China’s biggest state-owned LNG importers released tenders this week offering to sell dozens of cargoes for delivery through …
Read More »China-UK Study Shines New Light in Solar-Hydrogen Power Quest
A team of scientists in China and Britain have made what they say is a breakthrough in the quest to use sunlight to produce hydrogen, which can be used as a power source or in industry. In a paper published in the peer-reviewed journal Nature Communications last week, the scientists …
Read More »China Sees 2022 as Crucial for Its EV Industry
China considers this year as the crucial year for its new-energy vehicles industry to “go global,” according to the Chinese industry ministry. In a meeting chaired by Chinese Minister of Industry, Xiao Yaqing, Beijing has decided to accelerate innovations and products and standards in its zero-emission vehicles industry to “go …
Read More »China Remains as Reliant as Ever on Fossil Fuels
China remains as tied as ever to fossil fuels, even as it adds more renewable power than any other nation. Last year, the share of coal and gas in power generation was stuck at 71%, the same as 2020. The world’s biggest polluter wants to peak its carbon emissions by …
Read More »China’s 2021 Oil Refinery Output Rises 4.3% to Record on Strong Demand
China’s refinery output hit a record in 2021, up 4.3% from 2020, on robust first-half fuel demand and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. Total refinery throughput last year reached 703.55 million tonnes, or 14.07 …
Read More »China Set to Release Crude from Strategic Reserve in Early February
China has agreed with the United States to release crude from its strategic reserves around the Lunar New Year holiday on February 1, as part of the broader U.S.-led effort for strategic releases to bring oil prices down, sources with knowledge of the talks told Reuters on Friday. “China agreed …
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