China will continue to implement low-carbon reforms according to the energy regulator
The energy regulator in China said that China would continue to phase out fossil fuels, and reform its electricity system. It issued a paper on Thursday listing achievements, but lacking new plans for China’s energy transition. Zhang Jianhua, the head of China's National Energy Administration, said that China will continue to reform its electric system, expand the market for spot electricity, promote green electricity trade and replace fossil fuels by renewable energy. He also called on market-oriented reforms.
China releases guidelines on green energy trading
A notice posted on the website of China's state planner said that China had issued guidelines on medium- and long term green power trading. The notice called for a market based approach. According to the joint notice issued by National Development and Reform Commission and National Energy Administration, the rule lays down a pricing mechanism whereby the green power price will be determined based on the electricity price plus price of the green certificates. The green certificates issued by NEA are tradable and represent 1…
China releases guidelines on green energy trading
A notice posted on the website of China's state planner said that China had issued guidelines on medium- and long term green power trading. The notice called for a market based approach. According to a notice jointly released by the National Development and Reform Commission and the National Energy Administration, the rule outlines a pricing mechanism whereby the green power price will be determined based on the electricity price plus a green certificate price.
Former China Energy Chief Jailed for Life
Former head of China's National Energy Administration Nur Bekri has been sentenced to life in prison for accepting bribes, China's Supreme People's Court said on Monday.The court said in a statement published on Chinese social media platform Weibo that Bekri confessed his crimes while on trial.Bekri, once one of the highest-ranking ethnic Uighur officials in China, was accused by the anti-corruption body of receiving bribes and demanding provision of luxury sedans and chauffeur services for his family members.(Reporting by Se Young Lee and Lusha Zhang; Editing by Edmund Bla
China Names CNPC Exec Top Energy Official
China's government has appointed a senior oil industry executive as the country's top energy official, state-run media China Energy News reported on Wednesday.Zhang Jianhua, president of China's largest oil and gas group CNPC, has been named director of the National Energy Administration, according to China Energy News, becoming the first oil industry executive to take that role.Zhang, 54, has spent most of his career in the refining industry, including over a…
China Oil Majors Eyeing Arctic Onshore Blocks
China National Petroleum Corp (CNPC) and China National Offshore Oil Corp (CNOOC) have expressed interest in bidding for onshore oil and gas blocks in Greenland to be offered in 2021, officials from the island said on Tuesday.The Arctic island, a self-ruling part of Denmark, is shifting its oil and gas licensing strategy from offshore to onshore in an effort to generate revenues faster, they said.The next blocks to be tendered will be on the Disko Island and Nuussuaq Peninsula area of West Greenland…
China and U.S. Energy Officials Tout Cooperation, Despite Tariffs
Energy trade with China will remain strong in the long-term, officials said on Wednesday at a China-U.S. oil and gas forum in Houston, even as an escalating trade dispute hits U.S. exports of natural gas.Cooperation could be expanded and more could be done to promote trade and investment between the two countries, said Li Fanrong, China's deputy administrator for the National Energy Administration. There is effective cooperation between China and the U.S., he said.Reporting by Liz Hampton
Ice-Breaking LNG Carrier Vladimir Rusanov First Call at PetroChina LNG Jiangsu Terminal
Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation Limited for the Yamal LNG project, made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July.A ceremony celebrating this milestone was held on 19 July.At the end of March 2018, the vessel started transportation services for LNG produced by the Yamal LNG plant at Sabetta port in Russia. For its latest voyage…
China approves $347 mln coal mine expansion in Henan
China approved an expansion of a coal mine project owned by Shenhuo Group in Henan province to 2.4 million tonnes from current 900,000 tonnes, the National Energy Administration (NEA) said in a statement on Monday.Total investment of the expansion will reach 2.2 billion yuan ($347.4 million).Expansion is part of China's effort to ensure stable energy supplies and optimise its coal industry.($1 = 6.3331 Chinese yuan)(Reporting by Muyu Xu and Josephine Mason; Editing by Gopakumar Warrier)
Cheniere Energy to Open China Office
U.S. natural gas exporter Cheniere Energy Inc is setting up an office in Beijing to help it clinch long-term supply deals with Chinese buyers, four industry sources said. Cheniere, which held extensive talks with China earlier this year, will be the first operator of a U.S. liquefied natural gas (LNG) export facility to establish a presence in the country. The move follows an agreement in May between the U.S and China to boost trade under the so-called 100-day trade talks that will allow Chinese buyers to purchase long-term supplies from the U.S. directly.
China's solar power capacity doubles
China's installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world's biggest producer of solar energy by capacity, the National Energy Administration (NEA) said on Saturday. Installed PV capacity rose to 77.42 gigawatts at the end of 2016, with the addition of 34.54 gigawatts over the course of the year, data from the energy agency showed. Shandong, Xinjiang, Henan were among the provinces that saw the most capacity increase…
China Offshore Oil Executive Appointed as Energy Policy Official
Li Fanrong, former president of China's offshore oil and gas specialist CNOOC Ltd, has been appointed as a deputy chief of the National Energy Administration, China National Offshore Oil Company said. Li, 52, joined the state energy firm in 1984, shortly after its establishment, with experience mostly in oil and gas exploration and development. Li became CNOOC Ltd's president in 2010. The new appointment came from the State-owned Assets Supervision and Administration Commission, or SASAC, according to a brief statement posted on the website of CNOOC.
Coal Price Hopes Fade as Asia Demand Slows
Coal's bright start to the year in Asia is fading amid the gloom of weak demand across the region's top importers and still too much supply from top producers. The benchmark Newcastle weekly coal index ended at $51.13 a tonne on April 1, down from its high so far this year of $52.59, reached on March 11. That peak capped a rally of 11 percent from the almost 10-year low of $47.37 a tonne plumbed in the week to Jan. 21, but it now appears it was nothing more than a false dawn.
China to Close 1,000+ Coal Mines in 2016
China will aim to close more than 1,000 coal mines over the course of this year, with a total production capacity of 60 million tonnes, as part of its plans to tackle a price-sapping supply glut in the sector, the country's energy regulator said. In a notice posted on its website (http://www.nea.gov.cn), the National Energy Administration said the closures would form part of the plan released earlier this month to shut as much as 500 million tonnes of surplus production capacity within the next three to five years.
China Sees Energy Consumption Rising in 2016
China expects its energy consumption to grow in 2016, the official Xinhua news agency of the world's largest energy consumer said on Tuesday. China's apparent demand for crude oil will reach 550 million tonnes (11 million barrels per day) and apparent demand for natural gas will hit 205 billion cubic metres, Nur Bekri, head of the National Energy Administration (NEA), said, according to Xinhua. Electricity consumption will rise to 5.7 trillion kilowatt-hours and coal consumption will be 3.96 billion tonnes.
China Sees 2016 Energy Consumption Rising
China expects its energy consumption to grow in 2016, the official Xinhua news agency of the world's largest energy consumer said on Tuesday. China's apparent demand for crude oil will reach 550 million tonnes (11 million barrels per day) and apparent demand for natural gas will hit 205 billion cubic metres, Nur Bekri, head of the National Energy Administration (NEA), said, according to Xinhua. Electricity consumption will rise to 5.7 trillion kilowatt-hours and coal consumption will be 3.96 billion tonnes.
Sinopec Gets Nod for Coal-to-Gas Pipeline
China has approved a pipeline to transport synethic gas from coal-to-gas projects in the country's far west to the southern coast, energy giant Sinopec said on Wednesday. The pipeline, which would run 8,400 kilometres (5,200 miles) from the restive region of Xinjiang to the manufacturing hub of Guangdong province, carrying up to 30 billion cubic metres (bcm) gas a year, has a price tag of over 130 billion yuan ($20.5 billion), Sinopec said in a statement. The pipeline could eventually also transport conventional gas, shale gas and coal-bed methane, the statement said.
Coal Prices Fall Amid Weak Chinese Demand
Physical coal prices in Australia and Europe continued to fall over the past week, pushed lower by concerns over demand in China after a massive rout in the country's stock market. Cargoes for delivery into Europe's main ports at Amsterdam, Rotterdam and Antwerp in August last closed at $57.40 a tonne, down nearly $1 on the week and more than 5 percent so far this month. Coal for delivery in August from Australia's Newcastle terminal edged lower to $60.25 a tonne over the past week.
China to Expand Coal Ban to Suburbs
China will expand its bans on coal burning to include suburban areas as well as city centres in efforts to tackle air pollution, the top energy agency said on Tuesday. Detailing its clean coal action plan 2015-2020, the National Energy Administration (NEA) said it would promote centralised heating and power supply by natural gas and renewables, replacing scattered heat and power engines fuelled by low quality coal. The world's biggest coal consumer will ban sale…
Sinopec Leads Shale Research Center
State energy group Sinopec will head up a new national shale oil research and development centre that has been approved by the National Energy Administration, official paper China Energy News reported on Monday. China may hold 10-20 billion tonnes of shale oil resource, the paper said, citing preliminary industry estimates. Sinopec has since 2011 been tapping shale oil resource in formations in central China's Qinyang and east China's Jiyang basins for signs of oil flows, it said.
