Tag Archives: Global Times

Economic partnership between China and Saudi Arabia is reaping more fruits, as the two nations extend their cooperation beyond oil as the closer bilateral relations are set to unleash more trade potential, with a focus on new-energy vehicle (NEV) manufacturing. On June 11, Saudi Arabia signed a $5.6 billion deal …

China’s first smart floating production, storage and offloading (FPSO) vessel was delivered in Nantong, East China’s Jiangsu Province on Friday, marking a milestone in the digital transformation and intelligent development of the energy sector in China, according to the vessel’s operator CNOOC Energy Technology & Services Ltd. The FPSO vessel …

China commenced the construction of the world’s highest ultrahigh-voltage electricity transmission project, from Southwest China’s Sichuan Province and Xizang Autonomous Region to Central China’s Hubei Province, media outlet the Sichuan Daily reported on Tuesday. The transmission project will transmit about 40 billion kilowatt hours of electricity including hydro electricity from …

The China-Russia east-route natural gas pipeline has raised its daily gas transmission capacity to 61 million cubic meters since its operation three years ago, and the annual gas transmission volume is expected to exceed 22 billion cubic meters in 2023, China Media Group (CMG) reported on Monday. In 2022, the …

Chinese President Xi Jinping reaffirmed China’s support for Germany and Europe playing an important role in facilitating peace talks on the Ukraine crisis and building a balanced, effective and sustainable security architecture in Europe when he met with German Chancellor Olaf Scholz on Friday. Under the current circumstances, the international …

China’s natural gas output has exceeded 100 billion cubic meters per year during the past consecutive five years, thepaper.cn learned from Chinese energy giant China National Petroleum Corporation (CNPC) on Sunday. The rising output is a result of multiple factors such as technology progress and China’s accelerated efforts to develop …

Natural gas prices in Europe edged lower amid rising inventories and signs of reduced demand, while supplies from Russia remain steady, albeit low. Benchmark futures erased earlier gains, though they’re still trading near their highest levels since early March, during the first weeks of Russia’s invasion of Ukraine. Prices rallied …

Chinese provincial-level governments approved the construction of coal-fired power plants with a total capacity of 8.63 gigawatts in the first quarter of 2022, nearly half the amount seen in all of 2021, research from Greenpeace East Asia’s Beijing office shows on Wednesday. While it is unclear whether such data is …

For the first time in six years, the European Union (EU) has overtaken Asia as the biggest buyer of US crude oil, Bloomberg reported. The EU imported 213.1 million barrels US crude over the first five months of the year, while Asia imported 191.1 million barrels, new US Census Bureau …

Deep Sea No. 1, China’s independently developed, ultra-deepwater gas field, has produced more than 2 billion cubic meters of natural gas by Saturday since it was put into operation one year ago, its operator China National Offshore Oil Corporation (CNOOC) said on Saturday, the Xinhua News Agency reported. The gas …