China’s rising imports of liquefied natural gas (LNG) position it to surpass Japan this year as the world’s largest buyer of the superchilled fuel, pricing data and cargo tracking firm ICIS Edge said on Wednesday. The shift – which some analysts had not expected until 2022 – could happen very …
Read More »Irena and China to Work Together on Carbon Neutrality Roadmap
The International Renewable Energy Agency and China’s National Energy Administration signed an agreement to strengthen efforts towards reaching carbon neutrality goals in the world’s second-largest economy. Abu Dhabi-based Irena, which is headquartered in Masdar City, will prepare a comprehensive energy transition roadmap that will identify key policy actions, technology solutions, …
Read More »World’s First 100,000-Ton Deep-Sea Semi-Submersible Oil Platform Ready for Production in June
The world’s first 100,000-ton deep-sea semi-submersible oil production and storage platform, China’s self-developed “Deep Sea No 1” energy station, has successfully completed installation of all equipment and is expected to start production at the end of June, China National Offshore Oil Corporation (CNOOC) said on Saturday. It once again demonstrated …
Read More »China Gives Companies Urgent Notice in Oil Import Probe
China gave five state-owned companies until Thursday to report on their historic use of imported oil as part of a broader effort by the world’s largest oil importer to control shipments as domestic supplies swell. In an “urgent notice” dated May 25 and reviewed by Reuters, the National Development and …
Read More »G7 Countries Agree to Stop International Funding for Coal
The world’s seven largest advanced economies have agreed to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate crisis targets. In a communique on Friday, the Group of Seven nations …
Read More »Russian, Chinese Leaders to Formally Launch Construction of New Nuclear Reactors in China
Chinese President Xi Jinping and Russian President Vladimir Putin will take part in a video conference on Wednesday to launch the construction of new Russian-designed reactors at the Tianwan Nuclear Power Plant (NPP) and the Xudapu NPP in China. The two leaders are expected to formally launch first concreting of …
Read More »China Turns to Turkmenistan for more Gas after Cutting Australian Supplies
China is looking to Turkmenistan to expand natural gas supplies as it cuts back on Australian energy imports, reported the South China Morning Post. Wrapping up a meeting with his Turkmen counterpart Rashid Meredov and the country’s deputy prime minister Serdar Berdymukhamedov in Xian on Monday, Chinese Foreign Minister Wang …
Read More »China Targets some Australian LNG as Trade Dispute Widens
At least two of China’s smaller liquefied natural gas (LNG) importers have been told to avoid buying new cargoes from Australia, a further example of the impact on trade from souring ties between the two countries. The firms have received verbal orders from government officials to avoid purchasing additional LNG …
Read More »China’s Greenhouse Gas Emissions Exceed Emissions from all Developed Countries
China’s greenhouse gas emissions in 2019 exceeded those of the U.S. and other developed nations combined, with the nation of over 1.4 billion people being responsible for more than 27 percent of total global emissions. The findings are in a report published on Thursday by the research and consulting firm, …
Read More »Major Chinese Investors in Talks to Take Aramco Stake
Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia’s state oil firm prepares to sell another slice of its business to international investors, Reuters reports. Saudi Arabia was in discussions to sell 1% of Aramco to a …
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