China’s National Energy Administration (NEA) on Thursday issued a middle and long-term development plan for the country’s pumped storage hydropower sector covering the period from 2021 to 2035, as part of efforts to boost clean energy and reach carbon emission reduction goals. Among the major development goals, the plan aims …
Read More »China’s Deep Sea No 1 Gas Exploration Platform Enters Operation
China’s first self-operated deep-water gas field Deep Sea No1 on Monday officially entered operation after completion of its last production well, demonstrating China’s attainments in ocean gas and oil exploration. Deep Sea No 1 can provide over 3 billion cubic meters of deep-water natural gas annually to Guangdong-Hong Kong-Macao Greater …
Read More »Russia & China Continue Ditching US Dollars in Settlements in Favor of National Currencies
Gazprom Neft will switch from US dollars to yuan and rubles to pay for refueling aircraft flying to or from China, the company’s CEO Alexander Dyukov told reporters on the sidelines of the Eastern Economic Forum. “We are starting in September, and by the end of the year we can …
Read More »Gazprom Surpassed Maximums in Russian Gas Deliveries to China
The Russian company Grazprom reported Wednesday that its gas deliveries to China through the Force of Siberia gas pipeline exceeded its contractual commitments with that Asian nation by more than 5.0 percent, establishing a new high of supply. According to a statement from the largest gas company in the country …
Read More »CNOOC Sets out to Develop China’s First Offshore Carbon Capture Project
China’s offshore oil and gas major CNOOC has initiated a carbon capture and storage (CCS) project at its Enping 15-1 oilfield in the South China Sea, making it the country’s first venture into offshore CCS plays. The project involves building facilities to capture up to 300,000 tonnes of CO2 per …
Read More »China’s CNOOC Launches First Offshore Carbon Capture Project
China’s top offshore oil and gas producer, CNOOC, has launched the country’s first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide.
Read More »First Unit of World’s Largest LNG Plant Shipped from China to Russia
The first section of a massive new liquid natural gas (LNG) plant bound for the Arctic Circle was loaded onto a cargo ship at Daishan manufacturing base in east China’s Zhejiang Province on Thursday. The 10,000-tonne unit will arrive in Murmansk in northwestern Russia in 25 days. With 13 more …
Read More »China Discovers Major Shale Oil Field
China’s Daqing Oilfield, a subsidiary of the China National Petroleum Corporation, announced Wednesday the discovery of a major shale oil field with predicted geological reserves of about 1.27 billion tonnes.
Read More »China Coal Approvals Seen Adding to Confusion on Climate Action
Approvals for major new coal power plants by China’s local authorities show the tension in the nation’s efforts to meet climate goals, even as the overall total of projects given the go-ahead falls, according to campaigners. Local authorities approved 24 plants with a combined capacity of 5.2 GW, a 79% …
Read More »New China-Russia Railway Bridge to Boost Bilateral Trade, Energy Cooperation
A new bridge—part of China’s ambitious Belt and Road Initiative—will now connect China and Russia’s railway systems. The China-Russia Tongjiang-Nizhneleninskoye Bridge connects Tongjiang, a city in China’s far northeastern Heilongjiang province, with Nizhneleninskoye, a town across the border with Russia, along the Amur river. The cross-river bridge is 2,215 metres …
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