Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, May 29, 2012

China Energy Update 5/29

China paying billions for oil deals
CNN
By Steve Hargreaves @CNNMoneyInvest May 29, 2012: 4:55 AM ET China is paying billions for North and South American oil and other energy projects. Analysts say that should be good for all consumers. NEW YORK (CNNMoney) -- Eager to feed its growing ...
Dow average has a rare up day on China hopes
The Associated Press
Energy companies were also gaining on expectations that China will need more energy to fuel its growth. Peabody Energy and Chesapeake Energy shot up 4 percent, and Consol Energy gained 2 percent. — Interline Brands shot up 40 percent after the ...
Stocks open higher on hopes for China stimulus
Salt Lake Tribune
By Pallavi Gogoi | AP New York • Hopes that China will take action to rev up its economic growth machine sent stocks higher on Wall Street Tuesday. Homebuilders rose on news that home prices rose for the first time in seven months.
China to Spend $315 Million Yearly on Alternative-Energy Cars
Bloomberg
China's government will spend as much as 2 billion yuan ($315 million) a year to develop alternative- energy vehicles to reduce fuel consumption, the finance ministry said today. The government will also promote using buses with hybrid engines in major ...
Vail Valley Voices: China pivotal with Iran
Vail Daily News
The one nation that can influence Iran is China. China and Iran have a vast strategic relationship. Beijing views Tehran as a chief energy supplier and commercial partner, while Iran sees China as a vital ally in the United Nations.
Energy key topic during Putin's visit to China
China Daily
Energy cooperation will be a key topic for Russian president Vladimir Putin during his visit to China from June 5 to 7, the minister said. China and Russia are negotiating a natural gas deal under a Chinese initiative. Cheng made the remarks at the ...
China Boosts Investment
Wall Street Journal
Associated Press The investment projects range from new steel mills to hospitals and water treatment plants to clean-energy projects. In the first four months of the year, China's economic planning agency, the National Development and Reform Commission ...

Wall Street Journal
US, China to gain from natural gas glut if regulation right, says IEA
Calgary Herald
LONDON/OSLO — A boom in unconventional natural gas over the next 20 years could see the United States and others benefit from cheaper energy while the importance of the Middle East declines, the International Energy Agency (IEA) said on Tuesday.
Who Is Best Poised To Lead The Clean Energy Revolution?
Forbes
Interestingly, China does not make our top ten list of innovators (global rank is #19) despite China's lead in manufacturing renewable energy technology. A deeper look at the data reveals some interesting patterns. Since 2005, there has been a marked ...
Natural Gas Golden Age Is Threatened by Pollution, IEA Says
BusinessWeek
“From the geopolitics point of view, the US, China and Australia emerging as major gas producers means more diversification, which is good news for the energy security of Europe,” Birol said. In April 2011, the US Energy Department's Energy Information ...

Chinese railways stations to be solar powered
A major Chinese government research agency intends to solar power China’s railway stations.

Cooperation Covenant for the Chandgana Power Project construction set
Prophecy Coal and Energy Authority agree on terms guaranteeing the delivery of the project by the 1st Quarter of 2016.


China in multi-billion dollar campaign to promote renewable energy
China intends to spend some US$27 billion to advance solar power, wind power and develop hybrid technologies.

China speeds up approval for large hydropower projects
China's National Development and Reform Commission has approved Datang's 3-milllion-kilowatt Guanyinyan hydropower project in 

Russian EPC in Asia: a roadmap for a new solution in the power sector
BY MARAT ZAPPAROV



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