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Russian natural gas to start flowing to China in 2019

Russian natural gas will start flowing to China in 2019 as planned but construction of the pipeline carrying it will not be fully completed until 2022, a Gazprom spokesman told Reuters on Monday. The state-run gas producer said last week th......【More】

2015-04-09

Xinjiang oilfields output tops 50 million tons

The oil and gas output of Northwest Chinas Xinjiang Uygur autonomous region reached 50 million tons of oil equivalent in 2014, the highest in 60 years, the regional statistical bureau announced on Thursday. Xinjiang produced 27 million tons......【More】

2015-04-08

Chinese oil demand to peak around 2017

The Chairman of Sinopec, Fu Chengyu, predicts Chinese demand for oil will peak within the next ten years or even as soon as 2017, according to a recent conference call. Sinopec, the countrys largest state-owned oil processing company, says......【More】

2015-04-07

Saudi seeks to attract non-oil capital

Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdoms investment authority said on Monday. There is a strong effort by the government to diversify t......【More】

2015-04-03

China, Russia eyeing 32 projects with $75b investment: RDIF

China and Russia are mulling 32 projects with total investment of up to $75 billion, Kirill Dmitriev, CEO of Russian Direct Investment Fund (RDIF), the countrys sovereign wealth fund, told the Global Times Monday. The projects include a pet......【More】

2015-04-02

China’s crude oil output edges up

Chinas crude oil output in the first two months rose slightly year on year, according to the countrys top economic planner. The National Development and Reform Commission (NDRC) said that crude oil production stood at 34.21 million tonnes i......【More】

2015-04-01

China’s Cnooc shelves shale project

China National Offshore Oil Corp (Cnooc) has decided to shelve its shale gas project in Anhui province in the latest sign that the shale gas revolution that transformed the US energy industry is unlikely to replicate itself in China. Chines......【More】

2015-03-31

Uzbekistan to start building new pipeline to China this year

Uzbekistan plans to begin building the fourth line of a gas pipeline to China at the end of 2015, national oil and gas company Uzbekneftegaz told Interfax. The preliminary feasibility study for the project is being prepared, a spokesman for......【More】

2015-03-30

The largest petroleum exhibition will held in Beijing Green manufacturing attracts great attention

Our reporter has learned from China Petroleum and chemical industry association (CPCIF) that the largest petroleum exhibition--The 15th China International Petroleum Petrochemical Technology and Equipment Exhibition (cippe2015)will be held......【More】

2015-03-25

Analyzing Prices For Asian LNG Markets

Crude oil is not the only hydrocarbon-based fuel to undergo a sharp price decline in the last six months. Spot prices of Asian-traded Liquefied Natural Gas (LNG) are following crudes downward trend and are now down to around 50 percent of w......【More】

2015-03-24