Latest news
China could soon become the biggest oil importer in the world
According to new figures from the U.S. Energy Information Administration, China could surpass the U.S. as the world’s largest net oil importer before the end of this year. EIA projects that total annual oil production in the USA will increase 28% in the period from 2011 to 2014, lessening the country’s reliance on foreign oil.
read more... 03/09/2013
China to offer more subsidies for renewable energy
The National Development and Reform Commission (NDRC) said that China will increase subsidies for cleaner forms of electricity from Sept. 25, in a move that aims to help thermal power plants meet the country's tough new air pollution standards.
read more... 02/09/2013
China’s generation capacity to double by 2030
China is likely to more than double its generation capacity by 2030, with half of all new plants powered by renewable sources including large hydro, while coal will remain the most important fuel. China’s total power generating capacity would almost double by 2030 to 2.7 terawatts.
read more... 28/08/2013
China is on a fast track to increase consumption of natural gas
China, the world's fourth biggest gas consumer, is on track to increase the consumption of natural gas, while the demand for gas is forecasted to quadruple by 2030. Chinese gas market is rapidly gaining importance. In 2010 Chinese gas consumption was similar to Germany's and is expected to reach that of the entire EU by 2035.
read more... 27/08/2013
Daily: German power prices up on lower solar power production
On Thursday, Brent crude remains above 110 dollars per barrel on optimistic data from China, the world's second largest oil consumer after the U.S. The U.S. crude oil benchmark, WTI, was traded at a discount to Brent of $5.50 after signs that US firms were diverting oil to Cushing, Oklahoma storage hub for the first time in the last year
read more... 23/08/2013