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BEIJING - As a vital step in easing market access for foreign investors, China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions.Taking effect on July 30, the move aims to attract overseas participation in the field and advance the country's ongoing reform of energy systems.Spurred by the growth in energy consumption, China has become the world's largest importer of crude oil and natural gas, with its dependency on foreign crude oil and natural gas hitting 69.8 percent and 45.3 percent, respectively, in 2018, ...
تاريخ: 2019 - 08 - 15
المشاهدات:3
BEIJING - China's wind and solar capacity additions recovered as recent policies cleared the wait-and-see approach of many renewable companies, Fitch Ratings says in its latest report.New solar installation recovered in the second quarter as solar projects approved in 2018 were required to start operations before July 2019 to qualify for a higher feed-in tariff.Meanwhile, wind capacity additions, which were 58 percent higher in the second quarter from the same period last year, are likely to maintain growth throughout the year as wind-farm developers are rushing to finish projects before 2...
تاريخ: 2019 - 08 - 14
المشاهدات:5
Ever since the State Council, China's Cabinet, announced on Tuesday that the China (Shanghai) Pilot Free Trade Zone would be expanded to include the Lingang New Area, Song Changjun has been bombarded with phone calls and messages from local real estate agencies touting apartments and even villas in the area.But the 34-year-old Song, manager of an information technology company registered in Lingang six years ago, was not much interested in property. Nonetheless, the calls and messages worked.Three days after the expansion plan was announced, Song stopped by the administrative service cente...
تاريخ: 2019 - 08 - 12
المشاهدات:4
Third-generation technologies set to keep industry on even keel in nation, say expertsChina's growing clean power demand has boosted the rapid development of nuclear power in the country, making it among the few in the world to have independently developed third-generation nuclear power technology, with a complete industry chain, industry experts said.The first two reactor units using China's homegrown third-generation nuclear reactor technology Hualong One, or the No 5 and 6 reactors in Fuqing Nuclear Power Plant in Fuzhou, Fujian province, are expected to avoid time overruns, creatin...
تاريخ: 2019 - 08 - 07
المشاهدات:6
HARBIN - Daqing Oilfield Co Ltd, a subsidiary of China's largest oil producer PetroChina, has produced around 21.59 million tons of oil equivalent in the first half of 2019.The oilfield's domestic facilities churned out about 15.48 million tons of crude oil and around 2.3 billion cubic meters of natural gas during the period.In recent years, the firm has been seeking to increase its natural gas output with rising difficulties in extracting crude oil at its main production base, Daqing Oilfield.The firm has seen a sustained growth of its domestic market share while its overseas market s...
تاريخ: 2019 - 08 - 06
المشاهدات:10
BEIJING - China has been active in the deployment of solar photovoltaic or PV power generation, a fast-growing renewable energy technology in the world, and has been reducing subsidies in the sector as the technology's commercial maturity deepened in recent years.In the latest move, China has implemented a new 'subsidy bidding' mechanism in the solar PV sector, with subsidies lower than market expectations.The National Energy Administration on July 11 announced the results of state subsidy bidding for PV power generation projects in 2019.A total of 3,921 projects will be included i...
تاريخ: 2019 - 08 - 05
المشاهدات:5
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