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2016-03-19 18:55:00

CHINA INCREASED BY 50%

CHINA INCREASED BY 50%

The Central Government of the People's Republic of China (PRC), as part of the country's 13th Five-Year Plan, has implemented a 50% increase, from $0.87 per thousand cubic feet (Mcf) to $1.31/Mcf, in the level of cash subsidy to be paid per Mcf paid for coalbed methane (CBM) produced, according to Green Dragon Gas Ltd., one of the largest independent companies involved in the production and sale of CBM gas in China.

The increase in the state subsidy, effective Jan. 1, will provide additional income for the Group, and supports the continued development of the Group's acreage held under its six production sharing agreements with its partners CNOOC, PetroChina, and CNPC.

Randeep S. Grewal, founder and chairman of Green Dragon Gas, commented, "This increase is yet another demonstration of the Chinese government's continued commitment to develop domestic clean energy from coal beds to facilitate its objective of increasing the gas component of the energy mix."

ogfj.com

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More: 

СОТРУДНИЧЕСТВО КИТАЯ И РОССИИ 

CHINA'S OIL IMPORTS UP 

CHINA'S LOAN FOR GAZPROM 

CHINA'S OIL IMPORTS DOWN 

CHINESE LNG DOWN 

CHINA'S DEMAND WILL UP 4.3% 

CHINA & CHEVRON GAS

 

Tags: CHINA, GAS, METHANE

Chronicle:

CHINA INCREASED BY 50%
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

CHINA INCREASED BY 50%
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

CHINA INCREASED BY 50%
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

CHINA INCREASED BY 50%
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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