China National Offshore Corp has revealed plans to build a 2,100km natural gas pipeline linking Guangxi and Shanghai, where it will meet PetroChina's west-east project. Company chairman Wei Liucheng told People's Daily that the coastal pipeline, which would pass through the cities of Shenzhen and Fuzhou, could be completed in five years. Beijing wants to […]
Category: Energy & Environment
Hyundai Heavy Industries of South Korea has won a US$120m contract from Sinopec to construct three underwater pipelines transporting imported crude oil and naphtha to refineries near Shanghai. The pipelines, each 54km long, will run parallel from Cixi town in the southern part of Hangzhou Bay to Jinshan in the northern part. They should be […]
Efforts to tackle water pollution as part of the Three Gorges Dam project are encountering problems, admitted State Environmental Protection Administration official Xie Zhenhua. He said that many industrial wastewater treatment plants were failing to hit targets and measures to tackle boat pollution were progressing slowly. The area along the Yangtze is one of the […]
Sinopec and China National Offshore Oil Corp (CNOOC) are each paying a unit of UK-based BG Group US$615m to acquire one-twelfth stakes in a Kazakhstan oil and gas field. The stakes will give both companies participation in a project covering 5,600 sq km in the North Caspian area of Kazakhstan. It includes the Kashagan oil […]
An increasing reliance on imports of oil and gas has left China vulnerable to external shocks, according to Xinhua Financial Network. China is the world's third largest oil consumer and imports about one-third of its oil needs, with around 60 per cent of imports coming from the Middle East. According to government customs figures, last […]