China will cut 150 Mt of coal capacity in 2018

The Chinese National Development and Reform Commission (NDRC) has announced a coal capacity cut of 150 Mt in 2018. Once these cuts are complete, they will allow China to meet the 2020 five-year plan targets two years ahead of schedule. Slashing 150 Mt of coal in 2018 would bring the total production cut since January 2016 to 590 Mt, well ahead of the 5-year plan to cut 500 Mt of coal capacity by 2020.The Chinese government has also announced plans to shut down coal-fired power plants below 300 MW that fail to meet emission standards in 2018.

China suspends oil price adjustment

China's top economic planner announced Wednesday that it would keep domestic retail oil prices unchanged as global oil prices have not fluctuated significantly in the past two weeks.

China oil prices 2018-03-15

China to tread more softly on coal-to-gas campaign

China’s energy regulator has struck a more moderate tone in its objectives for gas development this year, after runaway demand in the final months of 2017 led to widespread shortages and forced the government to overturn a ban on coal.

China Natural Gas 2018-03-13

China's February oil imports fall as tax rules curb buying by independents

China’s February crude oil imports fell sharply from January’s record as independent refineries curbed buying amid worries about new tax rules, while natural gas imports held at high levels to heat homes during a bitter winter.

China's two big oil majors urge tax breaks for building gas storage and imports

Top officials from China’s two largest oil and gas producers have urged the government to offer tax breaks for the building of gas storage facilities and importing liquefied natural gas (LNG) to help avoid another gas crunch in the winter ahead.

China plans to create energy ministry in government shake-up – sources

China plans to create an energy ministry to oversee the country’s vast oil, natural gas, coal and power sectors, part of a government shake-up to make policymaking more efficient, four sources with ties to the country’s leadership said this week.

China Policy 2018-03-09

China's new oil tax reporting regime dents mixed xylene demand: sources

China's partial rollout of a more stringent tax reporting regime for oil products in March has lowered demand for petrochemical gasoline blendstocks such as isomer-grade mixed xylene and solvent-grade mixed xylene, market sources in China said this week.


China To Consolidate Energy Industry Authority In New Ministry

China’s government plans to consolidate its energy industry authority into a new ministry, to replace the National Energy Administration, unnamed sources told Reuters. The NEA was set up ten years ago as a unit of the National Development and Reform Commission—the authority in charge of economic pla

China Policy 2018-03-09

China should pay more attention to energy security in future: Chinese expert

With growing energy demand, China should pay more attention to its energy security with more diversified energy sources in the future, a Chinese energy strategy expert said here on Wednesday.

China Energy Opinion 2018-03-08

CERAWeek -- US regulators now a partner to oil and natural gas producers: Zinke

US Interior Secretary Ryan Zinke told a major energy conference Tuesday that the Trump administration was actively working to boost oil and natural gas production by easing regulation and opening up more federal lands and waters to drilling."Interior should not be in the business of being an adversary, we should be in the business of being a partner," Zinke said at CERAWeek by IHS Markit. "We shouldn't prevent production."Other Trump administration officials, including Environmental Protection Agency Administrator Scott Pruitt, have offered similar sentiments in public settings over the last y

Global Market Opinion 2018-03-07

CERAWEEK: BP's Dudley calls for price on carbon

Bob Dudley, BP's group chief executive, called Tuesday for a global price on carbon in order to reduce greenhouse gas emissions."We need governments, in our opinion, to put a price on carbon," Dudley told the CERAWeek by IHS Markit conference.Dudley did not suggest what a global price structure would look like and acknowledged it presented numerous challenges.Dudley, who chairs the Oil and Gas Climate Initiative, a group of 10 oil and gas companies focus on reducing GHG emissions, said the industry "can and must be part of the solution."In a speech before the Houston energy conference, he said

Global Market Opinion 2018-03-07

CERAWeek: Russia not joining OPEC, but wants relationship maintained - minister

Russia is not seeking to become a member of OPEC, but will continue working closely with the producing group even after the ongoing supply cut agreement ends, Aleksey Texler, Russia's first deputy minister of energy, said Tuesday."At present it is clear that the kind of cooperation that we're having will continue even if a slightly different format," Texler said through a translator at CERAWeek by IHS Markit. "The need to work together is obvious."That work could look like the ongoing 2016 supply cut agreement OPEC launched with 10 non-OPEC allies led by Russia. This agreement has created a "n

Global Market Opinion 2018-03-07

CERAWEEK-Energy execs says tariff gambit could hit shale, LNG project costs

HOUSTON- Energy executives say the Trump administration's proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising U.S. shale oil and gas output by three to 10 percent.Higher construction costs could slow growth in production and exports of crude and natural gas from shale that has made the United States the world's largest gas producer and second largest oil producer.President Donald Trump's proposal is emerging as a potential spoiler for new U.S. pipelines, drilling rigs, offshore platforms and refineries to handle coming oil and gas product

Global Market Opinion 2018-03-07

IEF Secretary General: more chance for China, U.S. to cooperate in energy

With the booming shale production in the United States and growing demand in China, the two countries have more opportunities to cooperate in the energy field, Secretary General of International Energy Forum (IEF) Xiansheng Sun said Tuesday.

China Energy Opinion 2018-03-07

China's CEFC taken over by Shanghai government agency: SCMP report

A Shanghai government agency has taken control of CEFC China Energy, the private firm that has agreed to buy a $9.1 billion stake in Russian oil major Rosneft (ROSN.MM), the South China Morning Post (SCMP) reported on Friday.

SOEs 2018-03-05

China Looks To Close Teapots’ Oil Tax Loopholes

China is tightening government control over the collection of the oil consumption tax in order to eliminate the loopholes that independent refiners—known as teapots—have been exploiting to beef up their profitability.

China promises stable gas supply to prioritize household demand

​China's top economic planner has urged that output and supply of natural gas be increased to meet household demand.

Local Chinese govts must ensure adequate gas supplies – NDRC

Local governments in China need to ensure adequate LNG and pipeline gas supplies this year, the National Development and Reform Commission (NDRC) said on Wednesday during a meeting with officials from the National Energy Administration.

China to reduce retail oil prices on Mar 1

China will reduce the retail prices of gasoline and diesel for the second time this year, the country's top economic planner said Wednesday.

China unveils policy for NEV battery recycling

Chinese authorities have published a guideline Monday on recycling new energy vehicle (NEV) batteries.

China Policy 2018-02-27

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