China aims to slash its growing dependence on gas imports by boosting domestic projects like shale fields as the security of its energy supply comes under the spotlight amid a trade war with the United States, said Reuters. The report, released on Saturday by the oil and gas department at the National Energy Administration (NEA) […]
Category: Energy & Environment
Chinese exports of rare earth magnets to the United States rose last month, according to data from the General Administration of Customs, despite a threat to restrict supplies as part of the ongoing trade war, said the South China Morning Post. Shipments of rare earth magnets totalled 447 tons last month, according to the customs […]
China is expected to import more than half of its natural gas needs by 2035, according to a new report from the Chinese National Petroleum Corporation (CNPC) Economics & Technology Research Institute, the research arm of China’s biggest energy producer, as a Beijing campaign to reduce the nation’s reliance on dirtier coal sharply boosts demand, […]
The price of coal used in power stations in Asia has fallen to its lowest level in three years due to fading demand in India and China, the two biggest coal consumers, said the Financial Times. Having surged to $120 a ton last summer, the Australian benchmark seaborne price of thermal coal has fallen 44% […]
Wison Engineering Services Co. Ltd., a Shanghai-based chemical engineering and construction company, agreed last month to repair Venezuela’s main refineries in exchange for oil products including diesel, reported Caixin. The deal mirrors the OPEC producer’s other arrangements with Russian and Chinese oil majors, under which payments are made in crude by Venezuela’s cash-strapped national oil […]