Tag Archives: People`s Daily

The United States on Saturday allowed the country’s oil giant Chevron Corp. to resume “limited” extraction of natural resources in Venezuela and to export Venezuelan oil, after the Venezuelan government and the opposition alliance reached a deal to break the political stalemate. Chevron received a six-month license that authorizes the …

Analysts agree that the severe economic impacts of the energy crisis are being felt in almost all economic sectors in Europe, and the problems are bound to remain until the conflict between Russia and Ukraine is resolved. The crisis in Ukraine has sent energy prices surging, which in turn pushed …

During the temporary halt to Russian gas supplies via Nord Stream 1, gas flows to Germany were significantly reduced, putting further pressure on prices. The German government aims to fill storage to 95 percent of capacity by November. BERLIN, July 25 (Xinhua) — German gas supplies are solid again as …

Many European countries have recently announced the reopening of coal power plants as gas supplies from Russia have slumped amid European Union sanctions. Such measures are hindering the bloc’s goal of reaching carbon neutrality by 2050, demonstrating the EU’s double standards on reducing emissions. Reversed Measures Many European countries, including …

Chinese oil company Sinopec Overseas Oil and Gas Limited (SOOGL) and Algeria’s oil giant Sonatrach signed here on Saturday a 490-million-U.S. dollars contract on oil and gas exploration in Algeria’s Zarzaitine field, some 1,500 km southeast of Algiers. According to a joint press release by the two companies, SOOGL and …

China has unveiled a five-year plan, from 2021 to 2025, on developing energy technologies to propel green growth and digital transformation of the energy sector, the National Energy Administration (NEA) said Saturday. The country will focus on developing new technologies to render a more efficient, cost-effective and reliable supply of …

The Three Gorges Hydroelectric Power Station on China’s Yangtze River has generated 103.6 billion kWh of electricity in 2021, according to the China Three Gorges Corporation. The clean energy it produced is estimated to be equivalent to the electricity generated by 31.8 million tonnes of standard coal, respectively reducing carbon …

Ordos in north China’s Inner Mongolia Autonomous Region, a major coal production hub, is making efforts to raise production to cope with the country’s rising energy demand in the coming winter and spring. The regional departments of energy and land resources have jointly facilitated the approval procedures for new coal …

U.S. President Joe Biden on Wednesday signed an executive order to revoke the existing presidential permit for the controversial Keystone XL pipeline project, which would carry oil from Canada to the American Gulf Coast. Oil industry groups and Republicans in the United States opposed the move, arguing it would result …

With around 160 kilometers left. the pipeline is designed to transport natural gas from Russia to Germany through the Baltic Sea.