China will modify its current energy structure with measures including establishing a carbon dioxide emissions scale control system and restricting coal-fired power projects, He Lifeng, chairman of National Development and Reform Commission, said in an article published in the People’s Daily on Monday. The article, which reinitiated the efforts that …
Read More »Saudi Arabia Remains China’s Top Crude Supplier for 10th Month
Saudi Arabia maintained its position as the largest supplier of crude oil to China for the 10th consecutive month in September, Reuters reported, citing China’s General Administration of Customs. Oil supplies from Saudi Arabia to China rose 2% year-on-year (YoY) in September, to 7.96 million tons or 1.94 million barrels …
Read More »China Power Crisis Boosts Coal Imports from Indonesia to Record
Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power crisis. Cargoes of coking, thermal and brown coal from the Southeast Asian nation surpassed 21 million tons in September, from just over 17 …
Read More »BP Signs 10-Year Pipeline Gas Deal with China’s Shenzhen Gas
BP has signed a sales and purchase agreement with a unit of China’s Shenzhen Gas Group Co Ltd to supply piped natural gas for 10 years starting 2023, BP said in a statement on Wednesday. Under the agreement, BP will provide Shenzhen Sino-Benny LPG Co Ltd, a wholly-owned unit of …
Read More »Huawei Wins Red Sea Energy Storage Project
Huawei Digital Power has signed a key contract with SEPCOIII for the Red Sea Project with 400 MW PV plus 1300 MWh battery energy storage solution (BESS), which is currently the world’s largest energy storage project. The contract was announced at the Global Digital Power Summit 2021 in Dubai, UAE. …
Read More »Coal Surges to another Record in China as Cold Wave Adds to Energy Crisis
Coal futures in China surged to another record to put a previously unthinkable level of 2,000 yuan (S$420) a tonne in sight, as a cold blast adds to the country’s energy crisis. Cool weather has descended on eastern China, sparking an early start to the winter heating season in some …
Read More »China Seeks Long-Term U.S. LNG Supply amid Energy Crisis
Several Chinese energy giants have intensified discussions with U.S. liquefied natural gas (LNG) exporters to secure long-term supply deals in light of record spot prices in Asia, rising demand, and the specter of power shortages, Reuters reported on Friday, quoting industry sources. China and many other energy importers in Asia …
Read More »China Raises Coal and Gas Imports to Counter Energy Crisis
China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand. Coal purchases rose 17% on the month to 32.9 million tons, the highest total this year, according to the customs …
Read More »IEA: China Ending Construction of Coal Plants abroad may Cancel up to 190 GW of Projects
The International Energy Agency (IEA) has noted the significance of China promising to stop constructing coal plants in foreign countries, saying it could result in cancellation of coal projects with a total capacity of as much as 190 gigawatt (GW). Speaking before the UN General Assembly in September, Chinese President …
Read More »China Blasts US Politicization of Russian Gas Deliveries to EU
According to Chinese Foreign Ministry Spokesman Zhao Lijian, the American authorities are pushing a deliberate policy of exerting pressure on Russian energy projects in Europe BEIJING, October 11. /TASS/. Beijing opposes Washington’s politicization of gas supplies from Russia to the European Union, Chinese Foreign Ministry Spokesman Zhao Lijian said at …
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