Posts Tagged ‘BEIJING’

China’s Oil Demand Surges 18.7% in November

December 22nd, 2009

China’s apparent* oil demand in November soared 18.7% from a year ago as the country’s economic recovery picked up momentum. November’s surge in oil demand marked the third straight month that the world’s second largest oil consumer posted double-digit yearly growth in oil demand.
Chinese oil demand was estimated to reach 33.67 million mt (8.22 million [...]

Duke Energy Signs MOU With China Huaneng Group to Pursue Renewable and Other Clean-Energy Technologies

August 10th, 2009

Duke Energy (NYSE: DUK), one of America’s largest electric utilities, will explore a variety of renewable and other clean-energy technologies with China Huaneng Group, China’s biggest electric utility, as part of a Memorandum of Understanding signed today in Beijing.
The MOU between Duke Energy and China Huaneng Group - which produces more than 10 percent [...]

Oil jumps to $68 on equities rally

June 1st, 2009

LONDON (Reuters) – Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
European stocks were firmer following gains in Asia after data showed China’s manufacturing continued to expand moderately in May. The [...]

China closing energy deals while oil is cheap

May 30th, 2009

By MICHAEL RICHARDSON
SINGAPORE — Cash-rich China is using a period of relatively low oil prices to improve its energy security and ensure that its economy has the oil-based fuels needed to sustain growth when recovery from the slump takes hold.
Should Japan, which is currently far more reliant on imported oil than China, adopt a similar [...]

China to have 100 GW wind power energy capacity by 2020

May 4th, 2009

BEIJING, May 4 (Xinhua) — China plans to finish 100 gigawatts of wind power capacity by 2020 and expand its renewable energy consumption to 40 percent of the energy market by 2050.
The goal for wind power capacity was more than three times of the 30 gigawatts target that the government set [...]

China may bid for Jordan’s $3.5 bln nuclear contract

April 22nd, 2009

BEIJING, April 21 (Reuters) - China National Nuclear Corp (CNNC) could join the bidding to build a nuclear power plant in Jordan worth $3.5 billion, Khaled Toukan, chairman of the Jordan Atomic Energy Commission (JAEC), said on Tuesday.
French nuclear energy producer Areva (CEPFi.PA), Korea Electric Power Corp (KEPCO) (015760.KS), Atomic Energy of Canada Ltd [...]

Creation of nuclear energy body backed

April 22nd, 2009

MANILA, Philippines — Austria-based International Atomic Energy Agency has committed to support the Philippine government in establishing an independent nuclear energy body, according to Energy Secretary Angelo T. Reyes.
In a statement, Reyes said Mohamed ElBaradei, director general of the IAEA secretariat, also assured the Philippines of the UN agency’s “continued assistance especially in the area [...]

Obama Needs a Security Plan for Smart Grid so a Cyberspy Can’t Turn off Lights

April 11th, 2009

By Peter Roff, Thomas Jefferson Street blog
The Wall Street Journal reported Wednesday that “Cyberspies have penetrated the U.S. electrical grid and left behind software programs that could be used to disrupt the system.” Citing comments from current and former national security officials, the paper said the spies were on a mission “to navigate the U.S. [...]

China to step up solar energy research, development

January 26th, 2009

BEIJING, Jan. 26 (Xinhua) — The Chinese Academy of Sciences (CAS) has launched an initiative to boost the development of solar energy technology, in a bid to turn it into a major energy source in China by 2050.
A CAS official said that the academy had organized academicians and experts to make [...]

China to build new coal plants

December 18th, 2008

BEIJING, Dec. 17 (UPI) – China has started construction of eight new coal mining projects aimed at powering rural areas.
The eight projects include coal mines and chemical and power projects worth about $5.8 billion. All eight projects are located in the northwest part of the country in an effort to increase domestic demand for energy [...]