From Reuters South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum Corp as a substitute for Iranian crude while it awaits word from Washington on whether it can keep buying oil from the Middle Eastern nation, sources said. South Korea is one of Iran’s biggest Asian customers and was one of eight importers that received waivers to
From Bloomberg The world wants U.S. natural gas. American prices, though, it can do without. U.S. gas companies at the LNG2019 conference in Shanghai this week have announced deals to sell a combined 4.5 million tons of liquefied natural gas a year from proposed multi-billion dollar projects. Nearly all of that was sold without a link to the U.S. Henry
Energy Transfer Eyes Growth Opportunities in China’s Growing Demand for Ethane and Liquid Natural Gas… Username or E-mail Password Remember Me Forgot Password
Sinopec’s Net Profit Up Over 20% to RMB 61.6 Billion in 2018
From Reuters PetroChina, Asia’s largest oil and gas producer, plans to boost capital spending to 300 billion yuan ($45 billion) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in expenditure to a near-record level came as PetroChina pledged to ramp up oil and gas production and reserves to
From Reuters China Petroleum and Chemical Corp plans to sign a 20-year liquefied natural gas (LNG) supply agreement with Cheniere Energy once China and the United States end their trade dispute, two sources with knowledge of the matter said on Wednesday. Cheniere and China Petroleum and Chemical, known as Sinopec, reached a consensus in late-2018 on commercial terms after months
From Bloomberg Chinese President Xi Jinping has a plan to help meet the country’s growing energy needs and clear its dirty air: Spin off the tens of thousands of miles of pipelines held by three state-owned oil and gas giants and merge the networks into a new company. The resulting “China Pipelines Corp.” would aim to attract private investors to help expand
From Bloomberg An oil discovery in a remote corner of northwestern China could trigger a surge in shale drilling, benefiting service companies and providing a needed output boost for the world’s biggest importer, according to analysts at Morgan Stanley. PetroChina Co. has achieved daily output of 100 tons of oil (733 barrels) at a test well in the Jimsar field in
Influential economist Wu Jinglian warns again of the dangers of a state-controlled economy From ASIA TIMES Wu Jinglian is regarded as China’s most celebrated economist. At the ripe old age of 89, he is considered the “spiritual leader” of the pro-market reform camp. Last month, in a video address delivered at a seminar run by the liberal think tank, the
From Reuters HONG KONG/SHANGHAI (Reuters) – The detailed rules for a Nasdaq-style start-up board in Shanghai have fueled hopes among early-stage companies the new regime could bring about positive changes in China’s stance towards raising equity that investors have been seeking. Published just two months after President Xi Jinping surprised financiers by announcing plans for the board, the rules come
From S&P Global/Platts Washington — Top US energy and agriculture officials will return to China next week for the latest round of trade talks that could signal whether crude and LNG flows will pick up between the two countries this year or remain mired in the dispute. The talks come just two weeks before the next potential round of tariff escalation.
From FreightWaves Apple’s (AAPL: NASDAQ) manufacturing partner Foxconn Technology Group (FXCNY: OTC US), which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India. According to Bloomberg, the investment signals that Foxconn is moving the manufacturing of Apple products out of China. Henry Byers, director
