Gazprom will more than double its natural gas deliveries to China over the Power of Siberia gas pipeline in 2021 to 8.5 bln cubic meters, Deputy CEO of the Russian gas holding Famil Sadygov said at a press conference in TASS. “The supply to China was 4.1 bln cubic meters …
Read More »China About to Become Top LNG Importer This Year
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week, as quoted by Reuters. China is already catching up with Japan in terms of LNG imports: • Japan imported 76.32 million tons of …
Read More »China Starts Work on the World’s Largest LNG Storage Unit
China’s National Offshore Oil Corporation (CNOOC) has expanded the construction of what will be the world’s largest liquefied natural gas (LNG) storage tanks in Yancheng Binhai Port Industrial Park in Jiangsu province. Overall, six tanks will be built at a cost of 6.1 billion yuan ($955 million), the company said. …
Read More »China to Overtake Japan as World’s Top LNG Buyer in Weeks
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 …
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