China natural gas production should increase by 7% to 186 bcm in 2020.

The price of thermal coal, used to generate electricity in power stations, has surged in the past two months as key consumers in China, India, South Korea and Japan rushed for supplies. 

China Oil & Gas Pipeline Network Corp. is part of an effort by President Xi Jinping’s government to consolidate the nation’s major pipelines and other midstream facilities into a single firm, intended to boost competition among drillers and downstream oil and gas sellers. The entity officially started operations in October.

Natural gas futures in Europe and Asia have climbed to their highest levels in more than a year due to a sharp increase in demand late in 2020,

At the close, the Shanghai Composite index was up 0.76% at 3,382.32, while the blue-chip CSI300 index was up 0.85%. The smaller Shenzhen index ended up 0.74%.

China will increase the share of clean energy sources, including nuclear, in its energy mix.

China has been increasing the overall utilization rate of renewable energy, with the national average consumption rate of wind power reaching 96 percent, that of solar photovoltaic power hitting 98 percent, and that of water energy in major river basins reaching 96 percent in 2019,

Reliance Industries Limited (RIL) and BP announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.6% from Thursday’s record. Mainland Chinese shares fell 0.4% while Hong Kong’s Hang Seng lost 1%.

Total OECD indigenous production of crude oil, NGL and refinery feedstocks decreased by 7.3% in September 2020 compared to September 2019.

Total OECD indigenous production of natural gas decreased by 3.5% in September 2020 compared to September 2019

The Nikkei 225 Index closed up 0.18% at 26,806.67, reversing losses from morning trade. The broader Topix rose 0.32% to 1,792.58.

The government’s latest Energy White Paper (2020) aims to raise the share of renewables in the power mix to 22-24% (including hydropower) in 2030, with plans to make renewables Japan’s main power source by 2050.

Over January-November, Chinese refineries processed 614.41 million mt or 13.44 million b/d of crude, up 3.1% year on year on a metric tons basis,

China’s blue-chip CSI 300 index added 0.15% and Hong Kong’s Hang Seng index climbed 0.86%.