Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, chief executive officer Amin Nasser told the China Development Forum on Sunday, March 21. Saudi Arabia, the world’s biggest oil …
Read More »China Dominates Global Wind Power Industry
The Global Wind Energy Council (GWEC) published a report showing that China broke the world record for most wind power capacity installed in a single year in 2020, with 52 gigawatts (GW) of new capacity — doubling the country’s annual installations compared to the previous year. “The incredible and rapid …
Read More »China Installed a Record-Breaking 52GW of Wind Power in 2020
China installed 52 gigawatts (GW) of wind power capacity last year, breaking the world record for most wind capacity installed in a single year by any country in history as it doubled its annual installations compared to 2019, the Global Wind Energy Council (GWEC) said in a new report this …
Read More »Xinjiang Sets Record High Wind, Solar Power Generation, Aims to be Clean Energy Base in China
Northwest China’s Xinjiang Uygur Autonomous Region is taking the lead in China’s renewable energy push, with new energy installed capacity reaching a record high of 35.83 million kWh of electricity, supporting the country’s carbon neutrality goal. The total sum of solar and wind capacity has climbed by 135 percent from …
Read More »String of LNG Deals Moves Qatar Closer to China
The world’s top liquefied natural gas (LNG) exporter, Qatar, has long occupied a political position in the Middle East that has neither been decisively aligned with the U.S.-Israel-Saudi axis of power nor with the Iran-China-Russia one. More recently, though, there appears to have been a move further away from the …
Read More »China’s New Green Target Still Means Pumping too much Pollution
China’s first road map to achieving net zero emissions by 2060 may be too slow to stop the world’s biggest polluter from hastening global warming. Thousands of Chinese delegates applauded when Premier Li Keqiang stood in the Great Hall in Beijing at the start of the National Party Congress on …
Read More »China Makes Constant Progress of Clean Energy
China recently unveiled the performance of its wind power industry in 2020, which attracted wide attention. The newly installed capacity of wind power increased by 71.67 million kilowatts last year, hitting a record high. The total generating capacity by wind turbines across the country grew around 15 percent to 466.5 …
Read More »China Oil Reserves Close to Capacity
China’s oil stockpiles have risen to around 100 days worth of net imports, making it increasingly challenging to find extra storage tanks and facilities to hold supplies, two people with knowledge of supply levels said. The build-up follows a push by Beijing to buy up crude for its reserves last …
Read More »China’s Emission Goals Meet Hard Reality of Polluting Refineries
To see the gulf between China’s ambitious carbon-neutral goals and the desire of its companies to maintain breakneck growth, look at Shandong’s oil refineries. The coastal province, a hub of private factories with an economy the size of Indonesia’s, issued a notice urging local industry, and especially oil and petrochemical …
Read More »Global LNG Demand Expected to almost Double by 2040
Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook. Demand was 360 million tonnes last year, up slightly from 2019’s 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic. …
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