Tag Archives: China

China’s biggest offshore oil and gas producer CNOOC Group will add 1.62 million cubic metres of storage capacity for liquefied natural gas (LNG) at its Binhai terminal in the eastern province of Jiangsu. The expansion will consist of six tanks with storage capacity of 270,000 cubic metres each and construction …

China is making a major power play to expand its global energy influence. The United States has long played an outsized role in global geopolitics and energy markets thanks to the shale revolution which jettisoned the country to the top of the fossil fuel food chain. But if you’ve been …

Deepwater oil and gas production remains a key trend in the energy sector, and global cooperation on deep-water exploration needs to be enhanced to reduce costs against a backdrop of low oil prices, Chinese oil and gas experts said at China Energy Week 2020, a conference jointly held by the …

China’s capital city Beijing has expanded use of natural gas to account for 32 percent of its energy mix, becoming the second largest natural gas-consuming city in the world, PetroChina Beijing Gas Pipeline Co told reporters. This is the highest level of natural gas used in a Chinese city, in …

China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure, state news agency Xinhua reported. Last week, China’s Communist Party adopted the principles of the five-year development plan 2021-2025. China will also aim to build more oil and gas pipelines, …

Aside from economic growth during a global pandemic, China appears to be also projecting an increase in natural gas demand this winter while other major Asian powers’ gas demand is either expected to remain flat or increase only incrementally. On Thursday, the country’s three state-run oil majors said that China’s …

China started this week building a mega petrochemical and refining complex in east China’s Shandong province, local state media reported, four months after the $20 billion project received state approval. The Yulong project to be built in Yantai, Shandong, China’s hub for independent oil refineries, consists of a 400,000-barrel-per-day oil …

China announced it will shut out new sales of conventional gas-powered vehicles and allow only electric and hybrid versions from 2035, forcing automakers around the world to rethink their strategies in the world’s largest auto market. The policy, announced Oct. 27 by the Ministry of Industry and Information Technology, goes …

Brazil climbed to № 3 among China’s crude oil suppliers last month thanks to continued purchases by independent refiners, whose quotas for imported crude oil are running out, Oilprice analysed. Imports of Brazilian crude oil stood at 4.49 million tons in September, according to a Reuters report. This translates into …

China appetite for Russian gas is surging, with daily supplies from the Power of Siberia pipeline exceeding its contractual volumes by 20%, Kallanish Energy reports. Russian gas giant Gazprom said in a note on Monday that it continues increasing its gas supplies to China via the pipeline, with volumes from …