2015-06-03 19:00:00
RUSSIA & CHINA PIPELINE
China started construction last week of a pipeline to receive Russian gas, Russian state gas company Gazprom said on Tuesday.
Russia and China clinched a $400-billion gas deal last year to build the Power of Siberia pipeline. Russia will invest $55 billion for the Russian section, including bringing new gas fields on stream.
China's CNPC, Gazprom's partner on the project, said its pipeline company had signed an agreement with CNPC's pipeline project team on building a portion of the Russia-China eastern gas pipeline starting from Heihe on the border and running to Changling in Jilin province.
The report, posted on the company's website last week, said it marked "the start of the execution stage from preparation phase".
It added that the Chinese side of a trunk line would cover nine provinces and cities and would end in Shanghai on the east coast. The whole trunk line will be split into three sub lines, each of which would need regulatory approval.
It gave no further details.
The Power of Siberia pipeline should deliver 38 billion cubic metres of gas per year to China over 30 years, with first deliveries scheduled for 2019.
Gazprom also said that talks on the so-called Western route which would connect operating fields with China were progressing at a good pace. (Reporting by Olesya Astakhova in Moscow and Aizhu Chen in Beijing.
reuters.com
Chronicle:
2021, July, 9, 12:04:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
2021, July, 9, 12:00:00
ARGENTINA'S NUCLEAR SMR
Before work was suspended, it was in line to be the world’s first operating SMR. The government licensed it as a prototype in 2009.
2021, July, 9, 11:55:00
CHILE'S COAL GENERATION DOWN
In June 2021, the Chamber of Deputies of Chile has approved a bill that prohibits the installation and operation of coal-fired power plants.
2021, July, 8, 12:50:00
OIL PRICE: NEAR $73
Brent slipped by 23 cents, or 0.3%, to $73.20 a barrel, WTI were down 33 cents, or 0.5%, at $71.87 a barrel.
2021, July, 8, 12:45:00
OIL PRICES 2021-22: $72-$67
We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).
2021, July, 8, 12:40:00
EUROPE CLIMATE RULES
According to draft proposals seen by market sources, the CBAM will replace the current system of free carbon allowances for metals sectors, and tighten allowances in the European Emissions Trading System generally, a bone of contention for some.
2021, July, 8, 12:35:00
ASIA INDEXES DOWN ANEW
The Hang Seng index (.HSI) led losses with a 1.9% drop, its eighth consecutive session in the red, with more falls in internet giants Tencent (0700.HK), Meituan (3690.HK) and Alibaba (9988.HK) as the sector reels from sweeping Chinese regulatory scrutinty.