Plans for a second gas pipeline connecting China’s resource-rich west with its energy-hungry east, as well as another overland link to import gas from other countries, have been submitted to the National People’s Congress for approval, the Standard of Hong Kong reported. The first gas pipeline, a 4,000-kilometer link between Xinjiang with Shanghai, was built […]
Category: Energy & Environment
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Beijing embraces bio-fuel
Ethanol blended with regular gasoline produced 10.2 million tonnes of hybrid fuel last year, 20% of total gasoline production, the National Development and Reform Commission has announced. The Commission plans to boost the 1.02 million tonnes of ethanol produced at China’s four refineries in order to further develop the bio-fuel as a safeguard against rising […]
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CAO directors receive fines
A Singapore court fined three China Aviation Oil (Singapore) directors more than US$400,000 for their role in the jet fuel trader’s US$550 million derivatives trading scandal in 2004. Jia Changbin was fined US$154,450 for insider trading and US$92,700 for failing to disclose the losses to the Singapore Exchange, while Gu Yanfei and Li Yongji were […]
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Iran becomes top oil source
Iran replaced Saudi Arabia as China’s top oil source in January, the South China Morning Post reported. Chinese customs figures showed crude imports from Iran reached 447,300 barrels a day in January, up 75% from a year earlier, while imports from Saudi Arabia rose 39%. China’s oil imports exceeded 97 million barrels in January, more […]
An additional US$180 billion will have to be spent on power generation by 2020 according to a report published by Capgemini, in association with French firm EDF and the China Electricity Council. The report, referred to in a Financial Times article, forecasts that China will require 280 gigawatts of electricity in addition to the 950GW […]