Interfax China - Energy

China slashed spending on overseas oil and gas assets in 2011

Fri, 10 Feb 2012 10:52:32 GMT

Shanghai. February 10. INTERFAX-CHINA - China dialed down spending on overseas oil and gas assets in 2011, with acquisitions down by one-third from a year earlier to $19.25 billion, China National Petroleum Corp. (CNPC) said in its 2011 Global Oil and Gas Industry Development Report issued on Thursday.

SHFE fuel oil futures rise following strengthened crude oil prices

Fri, 10 Feb 2012 10:43:19 GMT

Shanghai. February 10. INTERFAX-CHINA - Shanghai Futures Exchange (SHFE) fuel oil prices rose mildly in thin trade Feb. 10 following an overnight rally of international crude oil prices. The most traded 2012 March contract closed the session up 0.28 percent at RMB 5,389 ($856.76) per ton.

Coal prices stabilize at Qinhuangdao Port

Fri, 10 Feb 2012 10:31:47 GMT

Shanghai. February 10. INTERFAX-CHINA - Coal prices remained stable at Qinhuangdao Port, China's largest coal trans-shipment port, from Feb. 6 to Feb. 10, according to statistics released by the China Coal Transportation and Development Association (CCTDA) today.

Zhongwu pipeline transmits 10 bcm of gas to Hunan and Hubei

Fri, 10 Feb 2012 10:24:05 GMT

Shanghai. February 10. INTERFAX-CHINA - China National Petroleum Corp.'s (CNPC) Zhongwu Natural Gas Pipeline supplied approximately 10 billion cubic meters (bcm) of gas to the provinces of Hunan and Hubei since entering operations in 2004, CNPC announced Feb. 10.

Beijing to consume 7.8 bcm of gas in 2012

LX — Fri, 10 Feb 2012 09:13:11 GMT

Beijing. February 10. INTERFAX-CHINA - Beijing's gas consumption is expected to reach 7.8 billion cubic meters (bcm) this year, an increase of 13.04 percent from 2011, Xu Chunfang, a spokesperson for local distributor Beijing Gas Group Co. Ltd., told Interfax on Friday.

China continues to lead global wind power development - WWEA

Fri, 10 Feb 2012 08:58:52 GMT

Shanghai. February 10. INTERFAX-CHINA - China boosted its wind power installed capacity to 62,733 megawatts (MW) last year, a 40 percent year-on-year increase and the largest expansion of any country in the world, according to statistics released by the World Wind Energy Association (WWEA) Feb. 9.

ANALYSIS: China concerned about Central Asia Pipeline security

Fri, 10 Feb 2012 06:47:24 GMT

Hong Kong. February 10. INTERFAX-CHINA - Although the bulk of security concerns sparked by US and EU sanctions on Iran's petroleum industry have centered on the possible closure of the Strait of Hormuz in the Persian Gulf, the prospect of conflict spilling over the border into neighboring Turkmenistan and disrupting the Central Asia-China Natural Gas Pipeline (CACP) may also be starting to rattle a few nerves in Beijing.

CNPC plans gas condensate field in Uzbekistan

Thu, 09 Feb 2012 10:39:38 GMT

Shanghai. February 9. INTERFAX-CHINA - China National Petroleum Corp. (CNPC) will begin developing the Vostochniy Alat gas condensate field in central Uzbekistan's Bukhara-Khiva region this year, the Uzbekistan Daily reported on Wednesday.

Fujian tightens environmental rules for hydropower projects

Thu, 09 Feb 2012 10:30:25 GMT

Shanghai. February 9. INTERFAX-CHINA - China's Fujian Province will begin conducting stricter environmental impact studies before approving new hydropower projects, the provincial government said in a policy notice released Feb. 9.

Gas power plant in north Jiangsu enters trial operations

Thu, 09 Feb 2012 10:07:04 GMT

Shanghai. February 9. INTERFAX-CHINA - Huai'an City in Jiangsu Province has put its first gas-fired distributed power plant into trial operations, Guoxin Huai'an Gas Power Co. Ltd., the plant's operator, announced on Wednesday.

Sichuan prepares for CNPC oil pipeline to enter operations

Thu, 09 Feb 2012 10:01:19 GMT

Shanghai. February 9. INTERFAX-CHINA - The Lancheng Crude Oil Pipeline, linking western Sichuan Province to Gansu Province in the north, is expected to go on-line within the next few months, China National Petroleum Corp. (CNPC), the owner-operator of the line, said in a project report Feb. 9.

China's gas pricing reforms key to Russian-Chinese gas talks - Gazprom

Thu, 09 Feb 2012 05:21:17 GMT

Moscow. February 9. INTERFAX-CHINA - China's natural gas pricing reforms will help ease deadlocked negotiations between Russia and China over gas sales, a Gazprom executive said Feb. 8 in Moscow.

Shanghai Lingang gas-fired power plant set to enter full operations

Wed, 08 Feb 2012 10:34:10 GMT

Shanghai. February 8. INTERFAX-CHINA - Shenergy Co. Ltd. will put the Shanghai Lingang Gas Power Plant into full commercial operations in March once the facility's fourth and final 400-megawatt (MW) combined cycle gas turbine completes testing, Shenergy announced on Wednesday.

Sinopec's Southwest Oil & Gas targets 3 bcm gas output

Wed, 08 Feb 2012 09:44:53 GMT

Beijing. February 8. INTERFAX-CHINA - Sinopec Southwest Oil and Gas Co. Ltd. plans to increase natural gas production by 7.14 percent from a year earlier to three billion cubic meters (bcm) in 2012, Guo Wang, a Southwest Oil & Gas representative, told Interfax on Wednesday.

Fujian looks to wind power to satisfy energy needs

Wed, 08 Feb 2012 09:25:09 GMT

Shanghai. February 8. INTERFAX-CHINA - Southeast China's Fujian Province is looking to exploit its wind power resources to compensate for its lack of fossil fuels.

Xinjiang looks to extend gas coverage to 80 pct of households

Wed, 08 Feb 2012 09:21:08 GMT

Shanghai. February 8. INTERFAX-CHINA - Western China's Xinjiang Uyghur Autonomous Region expects 80 percent of households to have access to natural gas by 2013, Xue Lianjun, vice director of the Xinjiang Oil and Gas Management Office, told Interfax on Wednesday.

NDRC hikes gasoline and diesel prices

Wed, 08 Feb 2012 08:56:15 GMT

Shanghai. February 8. INTERFAX-CHINA - The National Development and Reform Commission (NDRC) raised the price of domestic oil products by RMB 300 ($47.54) per ton, the state economic planner announced Feb.7.

Sinopec's Sichuan-Shanghai Pipeline transmits 10 bcm

Tue, 07 Feb 2012 11:30:45 GMT

Shanghai. February 7. INTERFAX-CHINA - China Petrochemical Corp.'s (Sinopec Group) Sichuan-Shanghai Gas Pipeline (SSGP) has transmitted more than 10 billion cubic meters (bcm) of gas since it was put into operation in 2009, Sinopec Group announced on Tuesday.

Kela-2 Gasfield supplies 62 bcm of natural gas to WEP network

Tue, 07 Feb 2012 11:08:23 GMT

Shanghai. February 7. INTERFAX-CHINA - China National Petroleum Corp.'s (CNPC) Kela-2 Gasfield in Baicheng County, Xinjiang Uyghur Autonomous Region has supplied 62.2 billion cubic meters (bcm) of natural gas to the West-East Natural Gas Pipeline (WEP) network as of Jan. 31, a Baicheng County official told Interfax today.

China's Sinochem to acquire Total Colombian unit

Tue, 07 Feb 2012 10:53:58 GMT

Beijing. February 7. INTERFAX-CHINA - Sinochem Group, China's fourth largest oil major, has agreed to purchase Total SA's wholly-owned Colombian subsidiary Tepma BV, a Sinochem spokesperson confirmed to Interfax on Tuesday. The deal marks Sinochem's second upstream oil and gas acquisition in Latin America this year.

CNPC sets ambitious gas output targets for 2012

Tue, 07 Feb 2012 09:43:14 GMT

Beijing. February 7. INTERFAX-CHINA - China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, intends to output between 79.3 billion cubic meters (bcm) and 82.1 bcm of natural gas from domestic sources in 2012, CNPC said in a newsletter on Tuesday.

Tibet to invest $456 mln extending power grid in 2012

Tue, 07 Feb 2012 09:13:55 GMT

Shanghai. February 7. INTERFAX-CHINA - West China's Tibet Autonomous Region plans to spend RMB 2.88 billion ($456 million) to extend the regional power grid, Tibet Electricity Power Corp. (TEPC) said Feb. 7.

Inner Mongolia to establish a coal trading exchange by year end

Tue, 07 Feb 2012 07:37:41 GMT

Shanghai. February 7. INTERFAX-CHINA - The Inner Mongolia Autonomous Region plans to establish a coal trading exchange within the year, sources with the regional government told Interfax Feb. 7.

Gas supply shortage halts production at Sichuan fertilizer producer

Mon, 06 Feb 2012 12:57:25 GMT

Shanghai. February 6. INTERFAX-CHINA - Sichuan Chemical Co. Ltd., a fertilizer producer in southwest China's Sichuan Province, halted production last year due to insufficient natural gas supplies, a source with the company told Interfax on Monday.

CNPC unit to invest RMB 3 bln in Handan gas project

Mon, 06 Feb 2012 10:32:52 GMT

Shanghai. February 6. INTERFAX-CHINA - Huagang City Gas Group Co. Ltd. (Huagang Gas), a unit of China National Petroleum Corp. (CNPC), has signed a strategic cooperation framework agreement for a gas project in Handan City, Hebei Province, local media reported Feb. 6.