China National Offshore Oil Corporation (CNOOC) has concluded a supply deal with Petronas in Malaysia to supply liquefied natural gas (LNG) to a terminal in Shanghai, the Financial Times reported, citing Fu Chengyu, chairman and chief executive of CNOOC, in Hamburg. Fu said the deal could set a regional pricing benchmark for the resource, but […]
Category: Energy & Environment
China and the US should jointly develop oil fields to protect against supply risks and rising production costs, a senior Chinese official said Monday. Zhang Guobao, vice chairman of the National Development and Reform Commission, made the comments days ahead of a planned meeting between top US and Chinese energy-policy makers, the Wall Street Journal […]
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Looking at alternatives
Fuel ethanol is already used in five provinces and Beijing seems ready to bankroll a nationwide roll-out. But is a bio-fuel mix a viable alternative to gasoline?
China’s rapidly growing economy is pushing energy consumption to new highs as the increasingly affluent populous plugs in and turns on more appliances than ever, adding to the high-voltage factory hum that has long characterized the country’s modernization efforts.
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Emissions quota in pipeline
Mainland power plants will have to buy rights to emit sulfur dioxide from as early as next year, the South China Morning Post reported, citing Wang Jinnan, vice-president of the Chinese Academy for Environmental Planning. The proposal to charge US$79.15 per tonne for the emissions quotas comes as Beijing seeks ways to cut emissions of […]