China aims to boost its pumped storage capacity to 62 GW by 2025 and 120 GW by the end of the decade.

China aims to boost its pumped storage capacity to 62 GW by 2025 and 120 GW by the end of the decade.

The Spanish energy group Iberdrola has reached an agreement with the Philippine wind developer Triconti ECC Renewables and Switzerland's Stream Invest Holding to develop five offshore wind projects in the Philippines with a total capacity of 3.5 GW.

National oil company Sinopec expects Chinese natural gas demand to reach 395 Bcm in 2022, up 7% from an estimated 370 Bcm in 2021, according to its research arm, Sinopec Economics & Development Research Institute.

Over January-November, India's crude imports rose 5.8% year on year to 191.8 million mt, or 4.2 million b/d.

The average LNG price for February delivery into Northeast Asia rose to $48.3 per metric million British thermal units (mmBtu), up $5, or 11.5% from the previous week

Kudankulam is a long-term strategic project between India and Russia that began with an intergovernmental agreement in 1988.

India's present nuclear power capacity of 6780 MWe is planned to be increased to 22,480 MWe by 2031.

The Ministry of Industry and Trade is finalizing the draft power plan VIII, with a target to develop 5,000 MW of offshore wind power by 2030 and about 40,000 MW by 2045.

In December 2019, the SECI selected Azure Power to develop 2 GW of solar power projects of 500 MW each across India between 2022 and 2025.

According to preliminary data, Gazprom produced 490.4 billion cubic meters of gas between January 1 and December 15, 2021, which is 14.2 per cent (or 61.1 billion cubic meters) more than in the same period of last year.

China’s LNG imports have grown steadily every year since 2006 (when China began importing LNG), except in 2015. In 2017, China became the world’s second-largest LNG importer, surpassing South Korea.

Under the agreement, BP will provide SPIC Guangdong Co. with pipeline gas sourced from the LNG receiving terminal of Guangdong Dapeng Liquefied Natural Gas Co.

Specifically, the daily amount of gas exports was significantly increased in November and December under the mutually beneficial arrangements between Gazprom and CNPC as compared with the schedule for 2021 that had been approved earlier.

It is unusual for European LNG prices to surpass spot LNG prices in Asia, which relies on LNG imports much more than Europe, and especially in peak winter when demand from Japan, South Korea, China and Taiwan is at its highest, supporting the typical Asian premium.