Latest news
China launches the construction on a new gas pipeline
China National Petroleum has started the construction of the third natural gas pipeline for transporting gas from western to the eastern region of the country. The 19.7 billion dollars pipeline is expected to be completed by 2015.
read more... 19/10/2012
China reveals its 12th five-year plan for renewable energy
The Chinese National Energy Administration (NEA) has unveiled its 12th five year plan for renewable energy in which it laid out the general principles, overall goals, and key tasks for China’s renewable energy development. The plan regards mostly renewable technologies of hydropower, wind power, solar energy and biomass.
read more... 09/10/2012
Daily: Crude oil prices fall on gloomy demand outlook
Crude oil prices declined on Wednesday following the release of weak data from Europe and China slashed the outlook for demand, while the Europe’s intensifying debt crisis added to the gloom.
read more... 03/10/2012
Daily: Brent crude declines below $112 on shaky global economic outlook
Brent crude slipped below $112 per barrel on Monday, mirroring investor concerns that an unstable global economy may hurt oil demand following new evidence of weakness in China and Japan as well as continuous worries about the debt-saddled euro zone.
read more... 01/10/2012
China’s installed power capacity could reach 300 GW by 2020
According to the report released by the Chinese Renewable Energy Industries Association, the Global Wind Energy Council and Greenpeace, it is likely that China’s wind power sector will maintain the 1st place also in 2012. Furthermore, China intends to realize an accumulated on-grid wind power capacity of more than 100 GW by 2015 and 200 GW by 2020, according to a national plan on renewable energy development released by the National Energy Administration.
read more... 24/09/2012