Tag Archives: China

China’s imports of liquefied natural gas will likely grow 10 percent to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential demand. With its total natural gas use likely expanding at 4-6 percent this year, China is the only major bright …

Chinese President Xi Jinping moved to seize the climate agenda from the US, vowing that the world’s largest polluter will go carbon neutral by 2060, a target hailed by environmental activists as a major stride forward. The goals, which included a pledge to reach peak emissions in 2030, are the …

Chinese President Xi Jinping says his country will aim to stop adding to the global warming problem by 2060. Xi’s announcement during a speech Tuesday to the UN General Assembly is a significant step for the world’s biggest emitter of greenhouse gases. Calling for a “green revolution,” Xi said the …

China’s natural gas consumption is expected to increase in 2020 amid the country’s efforts to step up exploration and development of the energy source, according to an industry report. Consumption of natural gas is estimated to expand by 13 billion cubic meters to 320 billion in 2020, according to the …

China’s offshore oil and gas major CNOOC Ltd announced on Tuesday that its first offshore wind power project has connected to the grid and begun to generate power The wind power project, located in the sea area nearby China’s eastern province of Jiangsu, and with a total installed capacity of …

The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Sept. 15, citing caution about the pace of economic recovery from the pandemic. The Paris-based IEA cut its 2020 outlook by 200,000 barrels per day (bbl/d) to 91.7 million bbl/d in its second downgrade in as many months. …

A surge in Chinese buying of blending fuels this year means oil demand in the world’s biggest importer is likely bigger than the official figures indicate, according to the trading arm of refining giant Sinopec. Chinese fuel consumption was already back at year-earlier levels in May, Fairy Wang Pei, head …

China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie. The Chinese government has been reducing regulated gas-fired power tariffs by 16% to 28% in key provincial markets since June 2020. This is driven by …

Gazprom supplied 2.3 bln cubic meters of gas to China via the Power of Siberia gas pipeline in January-August period of 2020, Director General of Gazprom Transgaz Tomsk Vladislav Borodin told a corporate magazine. “Gazprom Transgaz Tomsk transported over 15 bln cubic meters of gas in eight months of this …

China continues to be the world’s largest producer of renewable power from wind as well as solar photovoltaics, according to the International Energy Agency’s Key World Energy Statistics report, released on Thursday. The country accounts for 28.7% of global wind production, supplied by an installed capacity of 184GW, and 31.9% …