Tag Archives: China

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 …

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 …

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 …

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 …

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. …

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 …