Tag Archives: China

China is proposing a policy to accelerate energy storage deployments, with its core a target to take the country’s storage capacity excluding pumped hydro to 30GW by 2025 – triple the level of Wood Mackenzie’s current forecast. Although the five-year timeframe could prove challenging from an economic standpoint, China has …

Two of the world’s first one-gigawatt turbines started full power generation on Monday at the giant hydropower station in southwestern China. According to state broadcaster CCTV, Baihetan started generating electricity on Monday, after a three-day trial operation. When completed, it will house 16 China-developed generators, providing a total capacity of …

China’s CNOOC this week started production from the first deepwater gas field it operates fully, Reuters has reported, adding that the field is expected to yield some 4.39 billion cubic meters of natural gas, representing 2 percent of China’s total output. The Chenhai-1 well was drilled at the Lingshui 17-2 …

The International Renewable Energy Agency (IRENA) and the Ministry of Ecology and Environment of the People’s Republic of China (MEE) have today agreed to extend existing co-operation on energy transition. The joint work will center-stage the acceleration of renewable energy development as central climate solution, enabling China’s pledge to peak …

Japan has been the world’s biggest LNG market for as long as most people can remember. Decades of LNG expansion in the supply of the country have been driven by utilities and trading firms, which have been the basis of long-term deals for Japan. However, nothing lasts indefinitely, and with …

China National Petroleum Corporation announced on Sunday the discovery of a shale oil field with geological reserves of 1 billion tonnes in northwest China’s Ordos Basin, making it the largest in the country. The leading energy company said the accumulated proven geological reserves of its Changqing Oilfield reached 1.052 billion …

China’s Silk Road Fund and Hassana Investment Co., controlled by the Saudi Arabian government, joined a group investing $12.4 billion in Saudi Aramco’s oil pipelines. The consortium, led by U.S. firm EIG Global Energy Partners LLC, has now closed a deal to acquire a 49% equity stake in Aramco Oil …

China has discovered a new 1-billion-ton super-deep oil and gas area in the Tarim Basin in Northwest China’s Xinjiang Uygur Autonomous Region, the largest discovery in the basin in nearly 10 years, the Chinese state-owned energy giant China National Petroleum Corporation (CNPC) said on Friday. The discovered well is located …

A new wave of LNG importers borne out of China’s gas market reforms is the new growth opportunity in Asia’s LNG market, but their limited procurement capability and prompt demand requirements mean they are active only in the spot market. This complicates the marketing strategy of large LNG producers like …

China’s Silk Road Fund and Saudi Arabia’s Hassana Investment Co. have joined a group of investors in Saudi Aramco’s oil pipelines. The consortium led by U.S. group EIG Global Energy Partners LLC acquired a 49% equity stake in Aramco Oil Pipelines Co. for $12.4 billion, according to an emailed statement. …