On April 10, the US Department of the Treasury sanctioned nearly 30 oil tankers involved in shipping Iranian crudes, as well as a Chinese storage terminal.

As of end- 2024, coal-fired power represented 37% of China’s installed capacity but 60% of its power generation.

China operates 58 civil nuclear reactors and has almost 30 new builds in progress. This represents nearly half of all power reactors currently under construction worldwide.

China has announced the start of construction on three offshore wind projects totalling 3 GW off the coast of the Guangdong Province, southern China, namely the Fanshi-1, Qingzhou-5 and Qingzhou-7 projects.

Beijing slapped a 15% tariff on US LNG shipments from Feb. 10 in retaliation to American levies, which was further exacerbated last week by another set of Chinese levies on all imports from the US.

Asia more than doubled its installed solar capacity, with 327 GW added in 2024, including 85% (278 GW) in China and 10% (24.5 GW) in India; in addition, over 38 GW of solar capacity was installed in the United States, while Brazil and Germany each added over 15 GW.

LNG suppliers have invested billions in new export projects on the assumption that China, the world’s top buyer, will underpin demand growth for decades.

China is also boosting its energy security by focusing on producing more gas at home, which will help to curb import growth.

Chinese customs also reported that for the ten-month period from January to October 2024, China-Russia bilateral increased by 2.8% compared to the same period in 2023.

China's total fleet of 58 operable reactors supply about 5% of the country's electricity.