Post Tagged with: "China"

China Cracks Open Door for U.S. Natural Gas Imports as Wintry Cold Hits

China Cracks Open Door for U.S. Natural Gas Imports as Wintry Cold Hits

From Bloomberg

China last month imported two tankers of U.S. liquefied natural gas, nudging open a doorway that had been closed shut for a month at a time when America is rapidly expanding its ability to export the heating fuel.…

December 28, 2018 - 6:00 am China, Closing Bell Story‎, Energy News, LNG, Natural Gas News
China Hits the Gas in Bid to Avoid Another Freezing Winter

China Hits the Gas in Bid to Avoid Another Freezing Winter

From Bloomberg

China has gone all out to avoid a repeat of last winter’s crippling gas shortages. The early verdict: so far, so good.

China’s gas needs peak for its so-called winter heating season. It’s a time of surging demand …

December 10, 2018 - 1:14 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
Economy Adds 155K Jobs in November, Unemployment Holds at 3.7%

Economy Adds 155K Jobs in November, Unemployment Holds at 3.7%

From The Hill

The U.S. economy added 155,000 jobs in November, below estimates and cooler than October, but the labor market continues to maintain momentum.

The unemployment rate held at 3.7 percent for the third straight month, the lowest level …

December 7, 2018 - 12:29 pm Closing Bell Story‎, Politics & Opinions
Exhaust fumes blown into a sky.

India Seen Emulating China Growth in LNG Use to Fight Pollution

From Bloomberg

China’s dramatic increase in liquefied natural gas imports over the past two years may have hogged the headlines, but India may well emulate its neighbor in switching to the cleanest and fastest-growing fossil fuel.

As China’s shift to …

December 6, 2018 - 5:15 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
U.S., China Reach Truce on Trade, But Face Thorny Obstacles to Lasting Peace

U.S., China Reach Truce on Trade, But Face Thorny Obstacles to Lasting Peace

From The Wall Street Journal

The trade truce between the U.S. and China calms their economic battle and opens a brief window for the two nations to explore whether they can bridge deep divides on a range of difficult disputes.…

December 3, 2018 - 12:25 pm China, Closing Bell Story‎, Energy News
China – Growth Steady as She Goes: Goldman Sachs

China – Growth Steady as She Goes: Goldman Sachs

Broad support, targeted tightening and effective capital controls will help manage trade headwinds

From Asia Times

Goldman Sachs Asia-Pacific economist Andrew Tilton sees only a modest decline in China’s economic growth during the next year.

“Chinese policy combines broad support …

October 30, 2018 - 5:05 am China, Closing Bell Story‎
China Slams Brakes on U.S. Crude Oil Imports

China Slams Brakes on U.S. Crude Oil Imports

From Bloomberg

First time Asian nation didn’t import from U.S. since 2016: refiners still worried about U.S. crude import tariff

Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances.

The world’s second largest economy …

October 9, 2018 - 12:11 pm China, Closing Bell Story‎, Energy News
Economic Data Take the Shine off China’s Golden Week

Economic Data Take the Shine off China’s Golden Week

From Asia Times

Factory activity suffers another hit as two PMI surveys illustrate that the world’s second-largest economy is cooling

No news is good news, especially when it is bad news. With the seven-day national holiday known as Golden Week …

October 5, 2018 - 6:40 am China, Closing Bell Story‎, Energy News
China Customs Says Nation Imported 4.71 Million Tonnes of LNG in August – Up 51% Year over Year

China Customs Says Nation Imported 4.71 Million Tonnes of LNG in August – Up 51% Year over Year

On track to become world’s largest LNG user – surpassing Japan

From: Xinhua

BEIJING, Sept. 23 (Xinhua) — China imported 4.71 million tonnes of liquefied natural gas (LNG) in August, up 51.5 percent year on year, the country’s customs authority …

September 24, 2018 - 10:56 am China, Closing Bell Story‎, Energy News, LNG
China’s M&A Skids 18% in Q2 2018: Report

China’s M&A Skids 18% in Q2 2018: Report

From the Asia Times

First half of the year sees US$348.3 billion in activity, a drop of 18% compared to the second half of 2017

Over the first six months of 2018, the amount of M&A activity in China fell …

September 6, 2018 - 3:13 pm Closing Bell Story‎, Energy News, Mergers & Acquisitions
China Gets Another Shot at Mideast Energy After Total Departs Iran

China Gets Another Shot at Mideast Energy After Total Departs Iran

China National Petroleum is partner in Iran South Pars project

From Bloomberg

Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy assets: abundant and …

August 31, 2018 - 1:54 pm Closing Bell Story‎, Energy News
Secretary-General Ban Ki-moon at Paris Agreement Ratification Ceremony.
From Paris to Hangzhou – Climate Response in Action.
H.E. Mr. XI Jinping, President of the People’s Republic of China and H.E. Mr. Barack Obama, President of the United States of America present the instrument for the Paris Agreement to the Secretary-General.

Walls, Windmills, the BRI and Power Lines: What is China’s Long-Term Energy Strategy?

From Asia Times

China is now the undisputed leader in renewable-energy manufacturing worldwide. Yet along the routes of its Belt and Road Initiative – the largest foreign-investment strategy in history – alternative-clean-energy projects pale in comparison with coal-fired power plants.…

August 29, 2018 - 10:53 am China, Closing Bell Story‎, Energy News
(FILES) This file photo dated 08 September, 2004 shows a PetroChina gas station attendant in Beijing returning the nozzle at the pumps.  Fidelity Investments, the world's largest mutual fund firm, has sold the bulk of its American Depositary Receipts (ADR) in PetroChina amid pressure from United States activists upset over its parent's interests in Sudan, reports said 17 May 2007.  AFP PHOTO / FILES / Frederic J. BROWN

Trump Trade Spat Threatens U.S. LNG, PetroChina May Suspend Buys

Sellers could be forced to sell spot volumes at a discount

From Bloomberg

This winter could be a bleak one for America’s natural gas exporters as the fastest-growing buyer of the fuel threatens to halt purchases amid an escalating trade …

August 16, 2018 - 2:58 pm Closing Bell Story‎, Energy News, LNG
China Tariff Threat on U.S. LNG Shifts Momentum Toward $25 Billion in Pacific LNG Projects Awaiting FIDs

China Tariff Threat on U.S. LNG Shifts Momentum Toward $25 Billion in Pacific LNG Projects Awaiting FIDs

Australian LNG producers could win from the US-China trade war

From the Australian Financial Review

China’s threatened tariffs on US liquefied natural gas imports could help Woodside Petroleum, Santos and Oil Search get more than $US25 billion of LNG projects …

August 8, 2018 - 2:20 pm Closing Bell Story‎, Energy News, LNG
China’s Unipec Suspends US Oil Imports

China’s Unipec Suspends US Oil Imports

From Reuters

China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.…

Source: Novatek

Russian Icebreaking LNG Carrier Sets Record Gas Delivery to China: 7 Days and Change

First vessel in a series of 15 icebreaking LNG carriers on order can sail independently through ice of up to 2.1 meters thick

From MarineLog

Christophe de Margerie, the icebreaking LNG carrier owned and operated by Russia’s Sovcomflot (SCF Group), …

August 3, 2018 - 12:02 pm Closing Bell Story‎, Energy News, LNG
Crude Markets Watching Geopolitical Tension and Inventory Reports: China

Crude Markets Watching Geopolitical Tension and Inventory Reports: China

China-U.S. trade tension could disrupt economic growth, causing oil demand destruction

U.S. shale ramp-up unlikely due to constraints from limited pipeline capacity

From Xinhua News

HOUSTON, July 8 (Xinhua) — In the week ending July 6, global oil markets closely …

China Keeps LNG Off Tariff List for Now, Could be Trade Weapon Later

China Keeps LNG Off Tariff List for Now, Could be Trade Weapon Later

From Reuters

China’s omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen.

It also underscores Beijing’s desire …

Geopolitics: China Is Muscling In on Lithium-Ion Batteries

Geopolitics: China Is Muscling In on Lithium-Ion Batteries

Lithium-ion batteries will give way to newer, better, different technology

From Stratfor Worldview

In spite of potential global pushback against Beijing’s investments, Chinese companies will acquire control of a majority of the lithium-ion battery market, giving the country a significant …

July 6, 2018 - 8:08 am Closing Bell Story‎, Energy News, Transportation
LNG Ltd. Gets Tied Up in Trump Trade Dispute

LNG Ltd. Gets Tied Up in Trump Trade Dispute

From Bloomberg

The Trump administration’s trade dispute with China is delaying one U.S. company’s bid to sign long-term natural gas export deals.

While liquefied natural gas is excluded from the trade tariffs imposed in recent weeks, buyers are waiting to …

China Becomes World’s Biggest Natural Gas Importer

China Becomes World’s Biggest Natural Gas Importer

But when Power of Siberia pipeline begins, LNG imports may take a back seat to Russian pipeline gas 

From Maritime Executive

China has outpaced Japan to become the world’s largest importer of natural gas, a welcome sign for the developers …

June 25, 2018 - 4:03 pm China, Closing Bell Story‎, LNG, Natural Gas News
Chinese Official Raises Specter of a ‘Financial War’ with U.S.

Chinese Official Raises Specter of a ‘Financial War’ with U.S.

China could sell its $1 trillion of U.S. Treasuries

From Asia Times

Economist Mei Xinyu says the escalating trade dispute between Washington and Beijing could have consequences “beyond our imagination.”

As the trade row between the United States and China …

June 21, 2018 - 5:18 am Closing Bell Story‎, Energy News, International
Source: Servcorp

Global Trade War Weighs on Businesses

From Reuters

A developing trade war between the world’s biggest economies is weighing on business confidence and could force central banks to downgrade their outlook, the world’s most powerful policymakers argued on Wednesday.

After imposing punitive tariffs on a number …

June 20, 2018 - 12:27 pm Closing Bell Story‎, Energy News, International
Source: Gassco Karsto Pipes

U.S. Oil Pipeline Companies Seek Tariff Exemptions

From Reuters

Major U.S. energy companies including Plains All American Pipeline (PAA.N), Hess Corp (HES.N) and Kinder Morgan Inc (KMI.N) are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, …

President Trump Announces $50 Billion Tariffs on Chinese Imports

President Trump Announces $50 Billion Tariffs on Chinese Imports

From Reuters

U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest …

June 15, 2018 - 1:27 pm China, Closing Bell Story‎, Energy News, International
Venezuela Eyes First-Ever Refining of Foreign Oil

Venezuela Eyes First-Ever Refining of Foreign Oil

From Reuters

Venezuela is considering producing fuels from foreign crude oil for the first time, according to planning documents seen by Reuters, as the country struggles to meet its obligations despite having the world’s largest crude reserves.

State-run oil company …

June 14, 2018 - 2:41 pm Closing Bell Story‎, Energy News, International
LiDAR Unmanned Vehicle Unveiled in China

LiDAR Unmanned Vehicle Unveiled in China

From Engineering.com

Alibaba Group’s Cainiao Network and RoboSense unveiled G Plus, the world’s first solid-state LiDAR unmanned logistics vehicle.

The G Plus vehicle. (Image courtesy of RoboSense.)

LiDAR instrument fires rapid pulses of laser light at a surface—sometimes …

June 14, 2018 - 6:00 am Closing Bell Story‎, Energy News, Transportation
25% of World’s New Vehicle Market Requires 10% EVs by 2019

25% of World’s New Vehicle Market Requires 10% EVs by 2019

China’s New Energy Vehicle (NEV) mandate came into effect in April – GM expects to have 10 plug-in models for Chinese market in the next 18 months

By Energy Fuse

China’s ambitious national New Energy Vehicle (NEV) mandate is contributing …

June 5, 2018 - 11:35 am China, Closing Bell Story‎, Transportation
LNG, Crude Oil, LPG May Win Big from a US-China Trade Truce

LNG, Crude Oil, LPG May Win Big from a US-China Trade Truce

From Bloomberg/Business Times

Singapore – Commodities were a big casualty of the escalating trade war between the US and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods.

US President Donald …

Nigeria, China Seal $2.4 Billion Currency-Swap Deal

Nigeria, China Seal $2.4 Billion Currency-Swap Deal

From Vanguard News Nigeria

Nigeria and China have signed a currency-swap agreement worth $2.4 billion to boost commercial ties and reduce the need to use dollar in their bilateral trade. Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, …

May 4, 2018 - 6:24 pm Closing Bell Story‎, Energy News