Latest news
China and Russia to ink a $1.6 bln deal on Siberian LNG Project
A subsidiary of Chinese state oil giant China National Offshore Oil Corporation (CNOOC) has inked a $1.6 billion engineering deal to build equipment for a liquefied natural gas (LNG) project in Siberia, the company declared on Wednesday.
read more... 14/07/2014
Chinese offer for Italy grids increases concerns
China's state power grid is one of two bidders for a significant stake in Italy's energy grids, but such a connection might cause problems since the Chinese and Italians both intend to purchase assets around Europe, according to sources familiar with the matter.
read more... 08/07/2014
Daily: Europe power prices diverge on higher nuclear availability in France, stronger electricity demand in Germany
Crude oil prices plunged slightly on Tuesday as worries about supply disruptions due to the clashes in Iraq and Ukraine attenuated, whereas oil prices gained some support from optimistic manufacturing data in China. Brent crude dropped by 7 cents to close at $112.29 a barrel, the weakest settlement price since June 12, while U.S. oil declined by 3 cents to end at $105.34 a barrel, also the lowest level since June 12.
read more... 02/07/2014
China expected to install record 12 000 MW of solar PV in 2014
By the end of 2014, China is expected to install a record of 12,000 MW of solar panels, according to a report released by the Chinese Bureau of Energy. This includes the installation of 8, 000 MW of solar PV panels on roofs and other 4,000 MW in the ground-mount segment.
read more... 20/06/2014
UK and China sign a milestone LNG deal
China National Offshore Oil Corporation (CNOOC) signed on Tuesday a 20-year deal with London-based oil giant BP for liquefied natural gas (LNG) supply.
read more... 18/06/2014