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2017-07-17 14:10:00

CHINA'S ENERGY DEMAND UP

CHINA'S ENERGY DEMAND UP

SHANGHAIDAILY - CHINA will accelerate expanding oil and gas distribution in the next decade to ensure energy security and help boost industry, its top economic and energy planners said.

The nation will have an oil and gas distribution network as long as 240,000 kilometers by 2025, up from 112,000 km at the end of 2015, according to a plan by the National Development and Reform Commission and the National Energy Administration.

Despite great achievements over recent years, China needs to accelerate increasing its energy distribution to support surging demand.

Focus will be on the northeast, northwest and southwest regions, which lack tunnels to export oil and gas.

The nation will also speed up digitizing the networks to ensure maintenance of the tunnels, helped by more advanced information technology.

China expects to improve energy supply and transport self-sufficiency in the next decade and will upgrade equipment to help it better deal with natural disasters.

Upgrading the energy transport system will also boost the heavy machinery industry and engineering industries.

The developing energy network will cover the country. Oil channels will reach cities with more than 1 million residents and the gas network will cover those with at least 500,000 by 2025. Officials also set a mid-term target for the network to reach 169,000 km by 2020. Natural gas will be given higher priority for development.

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Earlier: 

RUSSIAN GAS FOR CHINA 

AUSTRALIA - CHINA LNG UP 

CHINA'S RENEWABLE INVESTMENT: $368 BLN 

CHINA: THE TOP BUYER ANEW 

CHINA'S OIL & GAS REFORM 

SOUTH CHINA SEA GAS 

CHINA'S GLOBAL ENERGY

 

 

 

Tags: CHINA, OIL, GAS, ENERGY, DEMAND

Chronicle:

CHINA'S ENERGY DEMAND UP
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'S ENERGY DEMAND UP
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'S ENERGY DEMAND UP
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'S ENERGY DEMAND UP
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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