Friday, October 26, 2012

China Energy Update 10/26


Why Are China and Japan Sparring Over Eight Tiny, Uninhabited Islands?
National Geographic
A team of Japanese surveyors prepares to depart for the Senkaku Islands, where oil and natural gas prospects loom large in a dispute with China. Below, a map shows the Senkaku and two other potentially energy-rich island chains that are part of a tug ...

National Geographic
Insight: How the Petronas deal fell victim to Canada's China fears
Chicago Tribune
OTTAWA/CALGARY (Reuters) - Malaysian state-owned oil company Petronas was so confident last Friday that its purchase of Progress Energy Resources Corp would be approved by Canada that company officials had drafted a press release to announce ...
China Resumes Nuclear Power Plant Construction
The Chosun Ilbo
China Resumes Nuclear Power Plant Construction. China says its energy consumption has been growing too quickly in recent years, putting a strain on the country's energy supply as well as on the environment. "Fossil energy resources have been exploited ...
Cnooc Group, Taiwan's CPC Plan Joint Deep Water Exploration Pact -Sources
Fox Business
He declined to be named. Energy-deficient China's search for offshore oil and gas reserves has pit it against several of its neighbors, resulting in naval jousting with Japan, Vietnam and the Philippines near disputed islands and atolls. CPC has been ...
Hong Kong stocks fall early after 10-day rally
MarketWatch
HONG KONG (MarketWatch) -- Hong Kong stocks retreated after a higher opening Friday on profit-taking pressure after a 10-trading-day rally, with China Unicom Hong Kong Ltd. and BOC Hong Kong Holdings Ltd. suffering declines after posting results.
Moratorium no more for nuclear power
China Daily
Boosting the nation's energy supply remains pivotal for sustaining long-term economic developments in the country. Moratorium no more for nuclear power. China is already the world's largest energy consumer, but 70 percent of its power comes from coal.
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China Daily
FEATURE: US drillers take China's money, but deny access to technology
Platts
China may also decide pull back if US gas prices do not rise soon, reasoning that investing in US shale plays is not a good business decision, Kong said. "If this continues and it becomes clear to Chinese energy companies that they can't get the ...
23 Chinese companies enter top global energy list
China Daily
Twenty-three Chinese energy companies were admitted to the 2012 Platts Top 250 Global Energy Company Rankings, which was launched on Wednesday in Singapore by Platts, an energy, petrochemicals and metals information provider. Overtaking ...
China's natgas consumption seen at 230 bcm in 2015: NDRC
Reuters
BEIJING (Reuters) - Natural gas consumption in China, the world's top energy user, is expected to be 230 billion cubic meters (bcm) in 2015, while supply of gas, including imported liquefied natural gas (LNG) and unconventional gas, is expected to ...
Peabody Energy CEO Remains Confident on Coal Demand, Prices
NASDAQ
... the head of U.S. coal producer Peabody Energy Corp. (BTU) said Friday. "What we have got now is Europe in recession, the U.S. in extremely low growth and China decelerating. I don't think all three of those events will continue forever," Gregory ...
China Issues White Paper on Energy Policy - ProEdgeWire
On Wednesday, October 24, 2012, China issued the 2012 edition white paper on energy policy to elaborate on its policies for energy development, conservation ...
proedgewire.com/.../china-issues-white-paper-on-energy-polic...
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