Michele Kearney's Nuclear Wire

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

Wednesday, August 22, 2012

China Energy Update 8/22

China to spend $372 billion on cutting energy use, pollution
Reuters
BEIJING Aug 22 (Reuters Point Carbon) - China will plough $372 billion into energy conservation projects and anti-pollution measures over the next three-and-a-half years, part of a drive to cut energy consumption by 300 million tonnes of standard coal ...
China and Singapore Latest to Invest in US LNG Facility
Minyanville.com
MINYANVILLE ORIGINAL China and Singapore have invested a combined $1 billion into a planned Louisiana-based liquid natural gas export facility being built by Cheniere Energy, Inc. (LNG) in a bid to secure access to cheaper US natural gas, currently ...
Chinese Solar Industry Faces Weak Sales, Price War
TIME
That success encouraged communist authorities who saw solar, wind and other renewable energy as a way both to curb China's growing reliance on imported oil and gas and to take the lead in an emerging industry without established competitors.
China May Spend $373 Billion for Energy Savings, Emissions Curbs
Bloomberg
China, the world's biggest generator of greenhouse gases, estimated it may spend 2.37 trillion yuan ($373 billion) on projects for conserving energy and reducing emissions in the five years through 2015, spurring a surge in shares of environmental ...
Iran courts Asian energy-hungry markets to counter Western sanctions
CTV News
China and Japan will remain major importers of Iranian crude oil and so will India," said Siddak Bakir, a Middle East and South Asian analyst for IHS Energy in London. The ability of sanctions to wring concessions over Iran's nuclear program remains a ...
Israeli firm brings energy wave technology to China
Jerusalem Post
An Israeli firm that aims to harness the natural energy provided by sea waves as they lap the shore is in the final stages of building its second such power station in China for the coastal city of Guangzhou. The company, SDE Sea Wave Power Plants, ...
China Shenhua Energy's July coal output up 9.1% on year at 25 mil mt
Platts
China Shenhua Energy Co., the listed subsidiary of China Shenhua Group, Wednesday posted a 9.1% year-on-year rise in July commercial coal production to 25.2 million mt. Over January-July, it produced 181 million mt of coal, up 10.7% from a year earlier ...
Nexen deal sheds light on China's oilsands strategy
Reuters
China will speed up development of its abundant shale oil resources and is considering launching some pilot projects, Liu Tienan, head of China's National Energy Administration, told state media earlier this month. Liu added that China has recoverable ...
China fuel prices hit trigger point for another hike
Reuters
BEIJING Aug 22 (Reuters) - China, the world's second-largest oil consumer, may consider raising the prices of gasoline and diesel again next month as a basket of crude oil prices has risen to hit a trigger point, data from an energy consultancy showed.
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