Tag: China
Chinese, Australian ports jammed as demand for coal, iron ore soar
Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load […]
Global coal demand to remain flat to 2022, resulting in a decade of stagnation
Urgent action needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies for coal power plants Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes […]
Global solar photovoltaic installations to exceed 100 gigawatts in 2018
Strong demand for solar power in China expected to push total installed capacity to 108 gigawatts Largely driven by an improvement in the outlook in China, global photovoltaic (PV) demand is forecast to reach 108 gigawatts (GW) in 2018, according to IHS Markit. Strong demand from the Chinese market is expected to continue on the […]
Will LNG save China from winter gas shortage and boost global LNG prices?
Colder-than-normal end of winter could further boost local LNG demand, and global LNG price China’s introduction of the ‘2+26’ cities policy earlier this year calls for restricted use of coal for both residential heating and industrial purposes. This has significant ramifications for the Chinese winter season where demand is traditionally high, according to Wood Mackenzie. […]
Global energy system being transformed by renewables, electrification, says IEA annual report
U.S.projected to become world’s largest LNG exporter and net oil exporter by end of 2020’s The resurgence in oil and gas production from the United States, deep declines in the cost of renewables, and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to […]
Chinese coal imports fall in Oct. on air anti-pollution campaign
Chinese coal imports down to 21.28 million tonnes from 27.08 million tonnes in Sept. Chinese coal imports fell in October as Beijing continues its campaign to reduce air pollution by replacing coal with cleaner burning fuels in the northern part of the country. According to data from the General Administration of Customs, coal imports hit […]
EIA forecasts growth in world nuclear electricity capacity, led by non-OECD countries
United States operates world’s largest nuclear fleet with 99 reactors The U.S. Energy Information Administration projects global nuclear capacity will grow at an average annual rate of 1.6 per cent from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China to continue leading world […]
LNG prices soar as China buys up supplies as winter sets in
LNG prices up after China shifted millions of home to natural gas from coal China is buying up liquified natural gas cargoes worldwide and pushing up spot LNG prices after heating systems in millions of homes in China were recently converted from coal to natural gas. Most Asian LNG supplies are delivered under long-term contracts […]
Almost 40% of global liquefied natural gas trade moves through the South China Sea
LNG importers with largest volumes passing through South China Sea are Japan, South Korea, China, and Taiwan The South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almost 40 per cent of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea, […]
Sinopec considering projects boosting US crude exports
Sinopec mulling stake in Permian to US Gulf Coast pipeline China’s state-owned oil company, Sinopec, is considering investing in two projects in the United States which could boost oil exports and expand Caribbean storage facilities, according to Reuters. Sinopec, along with US commodities trader Freepoint Commodities LLC and ArcLight Capital Partners LLC are looking at […]
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