Beijing

Beijing  Implements EU IV Emissions Standards Ahead of the 2008 Olympic Games

Understanding China’s domestic oil market is akin to following an opaque and moving target, but a new report by independent price reporting organization Platts highlights the changing dynamics of one area in the Chinese oil market that is most responsive to economic signals: China’s teakettle refiners. Playing Against Monopolies Monopolized by state-owned but publically listed… Keep reading →

China Seeks Foreign Oil Supplies As Demand Surges

Data for the first half of the year is trickling in on the world’s largest energy consumer. Here, we take a look at the trends behind the numbers. Crude imports are up, but that’s only half the story. Imports of crude oil rose 10.2% to around 6.13 million barrels per day in the first six… Keep reading →

Coal Shortage Causes Short Supply of Power in China

  China’s highly anticipated pilot carbon markets are up and running, with the notable exception of Chongqing, but already the lack of transparency, pressure from big business and government-owned enterprises, manipulation of data and over allocation of allowances are proving to be hurdles for success. High levels of liquidity are not the end-goal for a… Keep reading →

China Launches Huge Oil Production And Storage Vessel

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 →

Coal Shortage Causes Short Supply of Power in China

The good news – from a climate change perspective – is China appears to be taking steps to reduce its coal consumption, but the bad news is it’s much easier said than done. Industrialized nations have been slow to enact binding climate change mitigation strategies due to apprehension that carbon emissions from large developing nations… Keep reading →

Air Pollution In Beijing

It’s common knowledge that the air in China is bad. After all, the country uses 50% of the world’s coal. But just how bad the air is – is it unhealthy or lightly polluted? – is more than just semantics. It’s been the source of debate and controversy between the US and Chinese governments. In… Keep reading →

Chinese Labourers Work At Lunnan Oilfield In Xinjiang

When China released its 2015 targets of 6.5 billion cubic meters of shale gas a few years back (source, in Chinese), it looked like the goal was out of reach. At the time, the country had zero commercial shale gas production and domestic natural gas extraction was mainly in the hands of state-owned companies. But… Keep reading →

Fuel Shortage Eases A Bit In South China

First, BP dropped plans to invest in a refinery in Qinzhou. Then PetroChina delayed plans for it’s Kunming refinery, part of a larger plan that includes a pipeline linking Southwestern China to the Bay of Benegal through Myanmar (bypassing the Malacca Straits). Now, two of the largest Chinese national oil companies (NOCs) are paring back… Keep reading →

Russian Gas Supplies Through Ukraine Turned Off

Moscow and Beijing have danced around a natural gas supply deal for over a decade, with price being the major sticking point, but the current dust up with Europe over Ukraine could finally open the door to price conciliation. “Conversely, on the Russian side, Gazprom might finally sign a natural gas supply deal with China,… Keep reading →

China Plans New Energy Strategy

Three years ago, Beijing residents started hoarding iodine salt. Stores sold out of the commodity within days and those with extra supplies jacked up prices to take advantage of the frantic demand. China had not developed a sudden taste for salty foods. Instead, a frightened populace was trying to protect itself against any radiation blown… Keep reading →

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