A 13 per cent value added tax has been placed on pipeline connection fees charged by mainland gas distributors to consumers, reported South China Morning Post. The tax, which replaces a 3 per cent business tax on turnover, would mostly be passed on to consumers, said analysts. A tax consultant commented that the change was […]
Category: Energy & Environment
The Chinese government has approved the construction of 13 power stations involving a total investment of Yn51.2bn, reported Xinhua. The new stations will have a combined installed capacity of 11,880MW. The news agency said that construction work has begun on 17 power stations so far this year, with an installed capacity of 10,600MW. Demand for […]
China will increase its imports of natural gas to its first liquefied natural gas terminal in Guangdong province by almost 25 per cent, Reuters reported. Managers of the project have increased the amount because they have signed sales contracts with 10 buyers, including five power plants. The terminal will now take 3.7m tonnes a year […]
The purchase by China National Offshore Oil Corp (CNOOC) of half of British Gas's 16.67 per cent share in the North Caspian oil fields in Kazakhstan will not now go ahead. Under the terms of the original purchase, the six other foreign participants in the deal had a pre-emptive right to buy the share at […]
A report issued by the State Environmental Protection Administration concluded that, following a reduction in industrial pollution, chemical fertilisers, pesticides and animal waste of modern intensive agriculture were now the country's most serious environmental hazards, People's Daily said. The worst polluters were huge farms for rearing animals, which were often inappropriately sited and did not […]