Tag Archives: China

The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says. From January to August, China imported 346.36 million tons of oil, which is 5.7% less …

China will firmly control energy-hungry and high-emission projects, the National Development and Reform Commission said in a recently issued plan, according to a notice released on Thursday. The plan aims to improve China’s “dual control system” on energy consumption and energy intensity, or the amount of energy consumed per unit …

China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg called “an unprecedented intervention.” Indeed, this was the first time China announced the sale of oil from its strategic reserve. …

The completion of the Nord Stream 2, an undersea natural gas pipeline in the Baltic Sea that will greatly improve Russia’s capacity to transport gas to Germany, continued to drive up share prices of some Chinese energy companies on Tuesday, as some analysts said that companies investing in the Yamal …

China’s National Development and Reform Commission (NDRC) said this week the country will roll out a pilot scheme for green power trading between corporate consumers and renewable energy generators. The program is being carried out by the Beijing Power Exchange Center and the Guangzhou Power Exchange Center. Under the pilot …

Apparently, China has been the talk of the town for quite some time. While the entire yesteryear passed in a flurry of blame game over the pandemic, this year has been nothing short of a blessing for Xi’s regime. However, while China rapidly compensated for the drastic slump last year, …

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 …

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 …

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 …

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 …