Latest news
Coal consumption keeps growing in China
China is dealing with a big air quality problem, so recently the Government has announced that they will reduce their coal consumption share from its current 67 percent to 65 percent by 2017. The country intends to convert coal in syntethic gas, but this will result in more carbon dioxide emissions released because converting coal to make synthetic gas and then combusting the gas to make electricity will double the amount of carbon dioxide emissions released in the atmosphere.
read more... 21/02/2014
China: huge shale gas well was discovered
China has announced last week that its top refiner Sinopec Corp has discovered a shale gas well in the Guizhou Province in the southwestern part of the country. Located at a depth of 4,417 metres, the well is thought to be the deepest discovery and is likely to have a maximum daily output of 105,000 cubic meters, while the nation’s Ministry of Land and Resources said the gas well is expected to have an average daily output of 43,000 cubic metres.
read more... 17/02/2014
China expected to install record 12 000 MW of solar PV in 2014
Over the course 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... 07/02/2014
China increased its imports of natural gas in 2013
China’s natural gas imports have been boosted in latest years as a result of growing demand, since the country is trying to decrease its fossil fuel consumption and improve air quality. China saw its total volumes of imported natural gas increasing by 25 % year on year in 2013.
read more... 04/02/2014
Daily: Brent close to first monthly drop on China’s shaky consumption
Brent crude futures traded near $108 a barrel on Friday following upbeat U.S. economic data that renewed hopes of higher global demand. However, prices are on track to register the first monthly decline in four on concerns over shaky China’s consumption.
read more... 03/02/2014