It appears Gazprom and CNPC reached an agreement on a widely-speculated deal that was expected to be consummated upon Putin’s China visit this week. Reuters is reporting a sales and purchase agreement was struck, but the New York Times reports it could just be a memorandum of understanding, which is not binding and indicates ongoing… Keep reading →
By Everett Rosenfeld Territorial conflict is an old story in the South China Sea, where several nations make conflicting claims on the region—and its oil and gas potential. But the escalating conflict between Vietnam and China is something new altogether. Le Quang Nhat | AFP | Getty Images Anti-China protesters march while shouting slogans in Ho Chi Minh City, May… Keep reading →
PENTAGON: Interspersed with strong declarations by Gen. Fang Fenghui, head of the People’s Liberation Army’s general staff, that China is right in all of its territorial disputes in the East and South China Seas, there were clear indications that the United States and China are grappling with how to craft a more stable and more intimate… Keep reading →
In a way, it’s new: A U.S.-based company is among those charged with dumping solar products (instead of doing the charging). But India’s move toward imposing duties on First Solar and more than 20 other solar companies that sell products in the country is really just the latest dose of uncertainty added to the solar… Keep reading →
As the death toll in a coal mine explosion in the western Turkish town of Soma climbs toward 300, devastated workers and residents are lashing out at the country’s leadership. Widespread protests have broken out in several cities as people blame the government for prioritizing profit over safety. Numerous coal mining operations have been privatized,… Keep reading →
It appears increasingly likely that Russia’s Gazprom will finally ink a long-term natural gas supply deal with Chinese national oil company CNPC next week, although price negotiations continue, as they have for over a decade. China is set to receive greater volumes of gas from Turkmenistan – and recently met with the country’s President Gurbanguly… Keep reading →
As Russian president Vladimir Putin prepares to visit China, state-controlled Gazprom looks to be putting the finishing touches on a long-awaited gas supply contract to China. Negotiations have been ongoing for more than a decade, with price reportedly being the main sticking point. Chinese companies reluctant to pay European prices for Russian natural gas held… Keep reading →
Chinese national oil company CNOOC built its own offshore oil drilling rig so as not to rely on western firms that could refuse to lease equipment used in disputed territorial waters in the South China Sea. CNOOC over the weekend moved that rig into to Vietnam’s 200 nautical mile exclusive economic zone to begin drilling.… Keep reading →
The Afşin-Elbistan coalfield and power plant project looks to tap the 40% of Turkey’s lignite coal reserves located in the region to generate up to 8,000 MW of power. After the UAE’s TAQA put investment on hold, Turkey’s state power generator is negotiating with Chinese and South Korean companies. [Reuters] A recent New York Times… Keep reading →
Malaysian state company Petronas has agreed to sell a 15% stake in its proposed Pacific NorthWest LNG export facility to be sited in British Columbia, and a 15% stake in the upstream shale assets designated to feed the plant to Chinese state-controlled Sinopec. Taking a page from Japan’s LNG supply playbook, which has companies secure… Keep reading →
