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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.

Daily steel product output hits record high in April

Wed, 16 May 2012 10:42:15 GMT

Shanghai. May 16. INTERFAX-CHINA - China's steel product output edged down on a monthly basis in April but daily production was at a record high on stronger steel prices and seasonal demand.

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.

West Hope plans $2 bln aluminum project in Guiyang

Wed, 16 May 2012 08:04:35 GMT

Shanghai. May 16. INTERFAX-CHINA - West Hope Group has signed an agreement with authorities in Guizhou Province's Qingzhen County to build a RMB 13.5 billion ($2.14 billion) aluminum base with integrated power facilities, a representative of the Sichuan-based firm told Interfax on Wednesday.

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.

CNMC eyes HK listing for African copper assets

Tue, 15 May 2012 10:12:39 GMT

Shanghai. May 15. INTERFAX-CHINA - State-owned China Nonferrous Metal Mining (Group) Co. Ltd. (CNMC) is aiming to raise $300 million in an initial public offering (IPO) of its Zambian copper assets on the Hong Kong Stock Exchange, a company executive told Interfax Tuesday.

Copper output down 4 pct in April

Tue, 15 May 2012 10:07:09 GMT

Shanghai. May 15. INTERFAX-CHINA - China's copper output declined in April, edging down from the second-highest volume on record in March, amid tight raw material supplies, soft demand and a gloomy price forecast.

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.

Zhejiang Hailiang to invest $40 mln in Congo copper project

Mon, 14 May 2012 10:38:08 GMT

Shanghai. May 14. INTERFAX-CHINA - Chinese copper processor Zhejiang Hailiang Co. Ltd. has signed a framework agreement to invest $40 million in exploring a copper deposit in central Africa's Democratic Republic of the Congo (DRC) in a bid to reduce its exposure to fluctuating prices for the red metal, the Shenzhen Stock Exchange-listed firm announced May 14.

Daily steel output hits record in April

Mon, 14 May 2012 09:59:28 GMT

Shanghai. May 14. INTERFAX-CHINA - China's daily crude steel production hit a record high in April on higher steel prices and seasonal demand, though consumption is likely to weaken this month after prices started dropping and as the summer weather arrives.

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.

Iron ore stockpiles decrease at China's ports

Fri, 11 May 2012 11:10:21 GMT

Shanghai. May 11. INTERFAX-CHINA - Iron ore stockpiles at China's 30 major ports edged down 0.06 percent this week to 97.07 million tons on Friday as steelmakers held back on new purchases amid sliding steel prices, show data from Shanghai-based Mysteel Information.

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.