Tag Archives: China

The visit by Chinese Foreign Minister Wang Yi to the Democratic Republic of Congo (DRC) earlier this year was indicative of a shift in Beijing’s lending and investment focus for Africa, according to analysts.During his trip to Kinshasa in January, Wang promised that Beijing would write off loans to the …

The Chinese company Sinopec (China Petroleum & Chemical Corporation) has won a contract to develop the Mansuriyah gas field in Diyala. The field, near the Iranian border, is expected to produce 300 million standard cubic feet (Mmscf) per day of gas, which will be used for electricity generation. In 2010, …

The Chinese economy largely needs an increase in natural gas supplies from Russia, Chairman of the Board of Directors of Gazprom Viktor Zubkov told TASS on Wednesday, adding that the Russian gas producer is ready to satisfy that ever-growing demand. “Consumption on the Chinese gas market increases every two years …

China has flagged it will seek to raise its power generation from solar and wind plants to around 11% of the country’s total power consumption in 2021, from 9.7% in 2020, said the National Energy Administration (NEA) in a draft rule on Monday. Chinese President Xi Jinping has announced that …

German carmaker Volkswagen plans to increase its share in China’s market for cars with alternative engines, like those powered by electricity, to about 15%, equivalent to the share it currently enjoys in the sales of standard automobiles, the head of its branch in the Asian country said. “Volkswagen has a …

Bitcoin and other cryptocurrencies have received a lot of negative attention in recent months and years for their absolutely staggering energy consumption. Bitcoin alone consumes approximately the same amount of energy the Netherlands thanks to the extremely energy-intensive “mining” process in which miners hook up computers–in some cases entire warehouses …

China has taken the global lead in nuclear energy construction capacity, as the installed capacity of nuclear power generating units under construction remained the world’s largest in the past few years with 17 units currently under construction, according to the Blue Book of Nuclear Energy 2021 released by China Nuclear …

China’s electricity-guzzling Bitcoin mines, which power nearly 80 per cent of the world’s cryptocurrency trade, could undermine the country’s climate goals, according to a study published on Tuesday in the scientific journal Nature. While the terminology cunjures up images of digging up precious minerals from a hole in the ground, …

North Asia’s liquefied natural gas importers are making earlier-than-usual moves to stock up ahead of the winter, after they were caught flat-footed this year by a sudden cold blast that sent spot rates skyrocketing to a record. China’s Sinopec purchased at least 35 cargoes for delivery between June and February …

China’s crude oil imports are estimated to have declined by 8.81 percent month over month in March to stand at 11.26 million barrels per day (bpd), energy analytics services provider OilX said, noting that its assessment doesn’t show massive crude flows from Iran into China last month. In recent weeks, …