Tag Archives: China

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. …

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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 …

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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 …

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