At around the same time as Russian President, Vladimir Putin, had his first in-person meeting with his Chinese counterpart, Xi Jinping, for nearly two years – at the opening of the Winter Olympics ceremony in Beijing – and reiterated that there is ‘no limit’ to how far Russian and Chinese …
Read More »CNOOC Announces Multiple Energy Source Achievements
China National Offshore Oil Corporation (CNOOC) on Monday announced that one of its oil exploration projects, Liza Phase II in the Stabroek Block near Guyana, commenced production safely and ahead of schedule. It is expected to reach peak production of approximately 220,000 barrels of crude oil per day this year, …
Read More »China Says Iran’s Nuclear Talks are in their Concluding Stage
China’s representative at the Vienna multilateral talks to revive Iran’s nuclear deal says the negotiations are in the concluding stages. Wang Qun told Iran International on Saturday that the Iranian negotiating team has returned to the talks with their final package. Answering a question about the remaining issues that should …
Read More »China could become a Major LNG Trader
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 …
Read More »China and Russia Accelerate Energy Cooperation with Eastern Gas Pipeline in Full Swing
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 …
Read More »Russia to Supply more Gas to China via New Pipeline
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 …
Read More »China Criticizes U.S. for Extending Tariffs on Imported Solar
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 …
Read More »Putin Unveils New Gas Deal with China’s Xi as Moscow Locks Horns with the West
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 …
Read More »U.S. Talks to China, Japan, India about Sending Gas to Europe
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 …
Read More »China to Set up Unified Power Market to Avoid Energy Crises
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 …
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