Interfax China - Energy

China Resources Gas adds to distribution portfolio

Wed, 16 May 2012 11:00:58 GMT

Hong Kong. May 16. INTERFAX-CHINA - China Resources Gas Group Ltd. (CR Gas), a unit of state-owned China Resources Holdings Group, announced on Wednesday that they had moved to acquire AEI China Gas Ltd., a smaller rival in China's gas distribution sector.

Shanghai to import 3 million tons of LNG in 2012

Wed, 16 May 2012 10:37:36 GMT

Shanghai. May 16. INTERFAX-CHINA - Shanghai is forecast to import 3 million tons of liquefied natural gas (LNG) in 2012 with the bulk of imports coming from Malaysia, the local Jiefang Daily reported May 15.

Industry in Shandong hedges against summer blackouts with on-site power plants

Wed, 16 May 2012 09:39:25 GMT

Shanghai. May 16. INTERFAX-CHINA - More than 180 industrial firms in east China's Shandong Province have built on-site power plants to hedge against power shortages this summer, the Shandong branch of the National Development and Reform Commission (NDRC) said May 15.

PetroChina signs on to jointly develop Kitimat LNG project

Wed, 16 May 2012 09:22:25 GMT

Beijing. May 16. INTERFAX-CHINA - PetroChina Co.Ltd., the listed arm of China's largest oil and gas producer China National Petroleum Corp. (CNPC), has agreed to jointly develop a long awaited liquefied natural gas (LNG) project at the Kitimat deep-water port in British Columbia, Canada alongside Shell Canada Ltd., Korea Gas Corp. (KOGAS), and Japan's Mitsubishi Corp., PetroChina announced May 16.

Jiangsu eyes 1.82 bcm of gas for power during peak summer period

Wed, 16 May 2012 06:32:45 GMT

Shanghai. May 16. INTERFAX-CHINA - Jiangsu Province estimates that it will require 1.82 billion cubic meters (bcm) of natural gas for power generation during the peak summer consumption season which runs from June 15 to September 15, an official with the Jiangsu Energy Bureau (JEB) confirmed with Interfax May 15.

Beijing moves to discourage residential coal use in capital

Tue, 15 May 2012 10:28:29 GMT

Shanghai. May 15. INTERFAX-CHINA - The Beijing municipal government will subsidize winter power purchases for some 15,000 low income residents in an effort to discourage the residential use of coal as a heating fuel, the Beijing Electric Power Co. Ltd. (BEPC) said May 15.

China's power consumption grows 3.7 pct in April

Tue, 15 May 2012 10:17:51 GMT

Shanghai. May 15. INTERFAX-CHINA - China's power consumption of 389.9 terawatt hours (TWh) in April represented the lowest rate of annual growth in 16 months, at 3.7 percent, according to statistics released by the National Energy Administration (NEA) on May 14.

Shenzhen Gas may see lower costs with arrival of WEP II gas

Tue, 15 May 2012 09:51:29 GMT

Shanghai. May 15. INTERFAX-CHINA - Shenzhen Gas Corp. Ltd has been receiving natural gas destined for Shenzhen City from China National Petroleum Corp. (CNPC)'s West-East Pipeline II (WEP II) since May 10, the local gas distributor said in a May 12 filing with the Shanghai Stock Exchange.

Hotan River Gasfield to bump up annual production capacity

Tue, 15 May 2012 08:47:50 GMT

Beijing. May 15. INTERFAX-CHINA - The Hotan River Gasfield in the Xinjiang Uyghur Autonomous Region plans to increase annual production capacity from 438 million cubic meters (MMcm) to one billion cubic meters by the end of 2013, Ren Nijun, a spokesmen for PetroChina Tarim Oilfield, told Interfax May 15.

Guangzhou primed for gas-fired power project

Tue, 15 May 2012 07:07:05 GMT

Shanghai. May 15. INTERFAX-CHINA - Pending a second environmental impact study by the Guangzhou Environmental Protection Bureau (EPB), Guangdong Yudean Group Co. Ltd. will begin retrofitting Guangzhou's thermal power plants to become gas-fired distributed power co-generation facilities.

Longyuan Power to float new shares to fund renewable energy projects

Mon, 14 May 2012 11:05:33 GMT

Shanghai. May 14. INTERFAX-CHINA - Hong Kong-listed China Longyuan Power Group Corp. Ltd., the country's largest wind farm operator, plans to float up to 1.35 billion new H shares to fund expansion of its renewable energy projects, according to a company filing with the Hong Kong Stock Exchange on May 12.

Guodian to build combined solar and gas-fired plant in Xinjiang

Mon, 14 May 2012 09:49:34 GMT

Beijing. May 14. INTERFAX-CHINA - Guodian Xinjiang Aibilake Valley Development Co. Ltd., a subsidiary of major power provider China Guodian Corp., began surveying potential sites for an integrated solar combined-cycle (ISCC) and gas-fired power plant in northwest Xinjiang Uyghur Autonomous Region, China Guodian announced last week.

New power line will link Henan with Xinjiang starting in 2014

Mon, 14 May 2012 09:43:51 GMT

Shanghai. May 14. INTERFAX-CHINA - Central China's Henan Province will be able to purchase surplus power from the Xinjiang Uyghur Autonomous Region upon completion of a interprovincial transmission line scheduled to go on-line in the first quarter (Q1) of 2014, the Henan provincial government said May 14.

High-end China driller poised for share price boost

Mon, 14 May 2012 09:28:23 GMT

Hong Kong. May 14. INTERFAX-CHINA - Anton Oilfield Services Group suspended trading on the Hong Kong Stock Exchange on Monday, pending an announcement that could trigger a boost in share price for the specialty horizontal driller.

China-Myanmar gas pipeline to enter operations June 2013

Mon, 14 May 2012 09:18:30 GMT

Shanghai. May 14. INTERFAX-CHINA - Since signing an agreement to build a cross-border pipeline with China in March of 2009, Myanmar has undertaken steps toward political reform - developments that may presage heightened engagement with international energy majors. The country's longstanding relations with China have remained on-track throughout, and the much anticipated China-Myanmar gas pipeline is set to begin operations by June 2013, the Kuming Evening Post of China's Yunnan Province reported on May 12.

SHFE fuel oil futures edge down

Fri, 11 May 2012 11:17:30 GMT

Shanghai. May 11. INTERFAX-CHINA - Shanghai Futures Exchange (SHFE) fuel oil prices fell May 11 despite a stabilization of international crude oil prices.

Yunnan to boost wind power installed capacity to 1 GW by year end

Fri, 11 May 2012 10:57:52 GMT

Shanghai. May 11. INTERFAX-CHINA - South China's Yunnan Province plans to expand its wind power installed capacity to one gigawatt (GW) by the end of the year, the provincial government said May 10.

Yangbajing Solar Power in Tibet adds 20MW of installed capacity

Fri, 11 May 2012 10:35:00 GMT

Shanghai. May 11. INTERFAX-CHINA - China Guodian Corp. has expanded the installed capacity of its Yangbajing Solar Power Plant in the Tibet Autonomous Region by 20 megawatts (MW), the company said May 11.

Aluminum imports down 22 pct in April

Fri, 11 May 2012 10:23:14 GMT

Shanghai. May 11. INTERFAX-CHINA - China's aluminum imports saw a second monthly decrease in April as the London-Shanghai arbitrage window remained closed, with shipments declining 21.7 percent month-on-month to 94,352 tons, show preliminary customs data released Thursday.

Sinopec to build shale gas production site in Fuling region

Fri, 11 May 2012 10:12:34 GMT

Shanghai. May 11. INTERFAX-CHINA - China Petroleum & Chemical Corp (Sinopec) will build its first shale gas production site in the Fuling region of the Sichuan Basin, the company announced May 11.

Crude oil imports fall 5 pct on a monthly basis in April

Fri, 11 May 2012 09:09:00 GMT

Beijing. May 11. INTERFAX-CHINA - Data released by the General Administration of Customs (GAC) on Thursday shows that China imported 22.26 million tons of crude oil in April, down 5.48 percent from March.

Coal prices edge down at Qinhuangdao Port

Fri, 11 May 2012 09:03:04 GMT

Shanghai. May 11. INTERFAX-CHINA - Coal prices at Qinhuangdao Port, China's largest coal transshipment port, slipped from May 3 to May 10, according to statistics released by the China Coal Transportation and Development Association (CCTDA).

Sinopec's Yulin-Jinan Gas Pipeline transmits 4 bcm

Fri, 11 May 2012 09:00:48 GMT

Shanghai. May 11. INTERFAX-CHINA - The Yulin-Jinan Gas Pipeline (YJGP) appears to be meeting the expectations of owner-operator China Petroleum and Chemical Corp. (Sinopec). The trunk line, built with a designed annual transmission capacity of 4 billion cubic meters (bcm), has conveyed 4.04 bcm of natural gas since entering operations in October 2010, Sinopec said in a newsletter May 10.

NDRC lowers domestic gasoline and diesel prices

Thu, 10 May 2012 11:08:08 GMT

Shanghai. May 10. INTERFAX-CHINA - The National Development and Reform Commission (NDRC), China's state economic planner, announced late Wednesday that it would cut domestic retail gasoline and diesel prices by RMB 330 ($52.55) and RMB 310 ($49.36) per ton, respectively, effective May 10.

CNOOC chairman blurs line between business and policy

Thu, 10 May 2012 10:11:38 GMT

Hong Kong. May 10. INTERFAX-CHINA - China National Offshore Oil Corp. (CNOOC) chairman Wang Yilin waded into the heated debate over the disputed South China Sea on Wednesday, claiming CNOOC would "strive to protect the nation's offshore oil interests" as he inaugurated China's first deep-sea drilling operation with a domestically manufactured rig.