Michele Kearney's Nuclear Wire

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

Tuesday, July 31, 2012

China Energy Update 7/31

China's Energy Grab Is About Know-How, Not Resources
Businessweek
Chinese oil companies went on a buying spree this week. On Monday, Cnooc, the offshore component of China's three-headed, state-owned oil apparatus, agreed to pay $15 billion cash for Canada's Nexen (NXY). Not to be outdone, Cnooc's state-owned ...
China promises measures to attract private investment in energy, health, other ...
Washington Post
BEIJING — China's government said Monday it will launch projects to attract private investment in energy, health and other industries as it tries to reverse an economic slump. The Cabinet announcement adds to a flurry of efforts to stimulate growth that has ...
China targets energy, health industries to boost slow-growing economy
OregonLive.com
View full sizeThe Associated PressPassengers disembark an Air China airplane parked at the airport tarmac in Zhanjiang, China's Guangdong province in June. Some of China's biggest companies, from tech giants to airlines and retailers, are warning of ...



News Summary: China seeks private investment in energy, health, other key ...
Washington Post
YEARNING FOR YUAN: China's government is launching an effort to attract private investment in energy, health and other key industries in a bid to reverse an economic slump. SEEKING CALM: There's a lot at stake. Growth is hitting a three-year low, raising ...
Cnooc Deal Shows China's Sway in Oil
Wall Street Journal
Mr. Yu cited China Petrochemical Corp.'s recent $2.5 billion investment in five U.S. shale blocks owned by Oklahoma-based Devon Energy Corp. The Chinese company, known as Sinopec, owns just a 33% stake in the blocks but is responsible for funding ...
How China Will Impact the Grid-Scale Energy Storage Market
Greentech Media (blog)
In fact, BYD's system is only one part of China's first national energy storage project. When fully commissioned later this year, the Zhangbei system will reach 20 megawatts/95 megawatt-hours, representing six energy storage providers and three distinct ...

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China Keeps Buying Iran's Oil as U.S. and EU Intensify Sanctions
Bloomberg
... Tehran- based NITC signaled for ports in the world's largest energy consuming nation this month, according to IHS Inc. (IHS) data compiled by Bloomberg. Each has the capacity to carry about 2 million barrels. Six signaled they were sailing to China today, ...
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Sino-US Workshop on New Energy Standardization Held in Beijing
MarketWatch (press release)
A day-long workshop organized by the China Association for Standardization (CAS) and the American National Standards Institute (ANSI) focusing on new energy standardization - and specifically electric vehicles - was held July 23, 2012, in Beijing.
China denies EU solar dumping
UPI.com
"The EU should be very clear that any kind of limit on market liberalization may destroy the balanced development of the photovoltaic industry, hinder energy reform and undermine global efforts to fulfill long-term energy-saving and emissions-reduction goals," ...

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