Category: Energy & Environment

CNOOC, China's largest offshore oil and gas producer, will pay US$275 million for a 12.5 percent stake in Australia's Gorgon gas project, according to media reports. The state-run company will take 100 million tons of liquefied natural gas (LNG) from the Australian field over the next 25 years. Last year CNOOC bought oil and gas […]

The Asian Development Bank (ADB) approved a US$500,000 technical assistance grant for China to develop a strategy for power pricing that optimizes the available power capacity. Primary issues which will need to be resolved include affordability and environmental impacts. The Chinese government will add US$200,000 to the ADB's contribution. The technical assistance project is projected […]

Two government-run Chinese nuclear power firms are preparing to invite foreign companies to bid for contracts worth billions of US dollars to design and build four new nuclear power generators in Zhejiang and Guangdong provinces. The firms, China National Nuclear Corp (CNNC) and the Guangdong Nuclear Power Group, will open the bidding to major international […]

The first phase of construction was completed yesterday on a RMB 1.7 billion natural gas project delivering gas from the East China Sea to Shanghai. The project increased the city's gas supply by 50 percent with new deliveries coming from the Pinghu oil and gas field. Several Chinese and global companies have jointly embarked on […]

A new nuclear plant is under construction in Taizhou City, Zhejiang province. The plant will be larger than Zhejiang's existing Qinshan nuclear power plant, which is nearing completion of its second and third phases. The Qinshan plant will have a total installed capacity of three million kilowatts once the upgrade is completed.