Holiday Notice

Dear Readers,Due to the Labor's Day Holidays, Energy China Forum will not update news during May 1st to May 3rd and will resume updating on May 5th.

ECFShale 2019-04-30

China names oil & gas veteran to top energy post

China has named a leading business executive to its top energy post, eschewing a practice of appointing career politicians as the nation pushes through an overhaul of its massive energy sector.Zhang Jianhua, the No. 2 official of state-run China National Petroleum Corp., will become director of the National Energy Administration, according to the Communist Party’s official People’s Daily. He will be the fifth NEA chief and the first to be appointed from an energy company, the newspaper reported this week.The administration didn’t respond to several faxes from Bloomberg seeking comments, while

China Policy 2018-11-23

China appoints CNPC president as top energy official

China's government has appointed a senior oil industry executive as the country's top energy official, state-run media China Energy News reported on Wednesday.

China Policy CNPC 2018-11-15

China Ready For Trade Talks

China is ready to negotiate a trade deal with the United States as both economies stand to lose from a prolonged trade war, Vice President Wang Qishan said today as quoted by Bloomberg. Wang was speaking at the Bloomberg New Economy Forum in Singapore, and added that trade was the “anchor and propel

China Economy 2018-11-07

Notice: No updating during October 1-7, 2018

Holiday Notice

ECF 2018-09-30

China's environment tax receipts up 22 per cent in first half

China earned 9.6 billion yuan ($1.4 billion) in environmental tax revenues in the first half of 2018, up 22.1 per cent from a year earlier, after the system was overhauled at the start of 2018, state news agency Xinhua said on Friday.

China to suspend detailed customs data release for May amid trade tensions: source

The Chinese authorities will suspend publication detailed of monthly trade data for May, making it the second consecutive month for which they have not released the information, citing technical issues, a source with direct knowledge of the matter told S&P Global Platts Thursday.

China, Iran agree to strengthen strategic cooperation despite US pressure

China and Iran have agreed to strengthen strategic cooperation during Iranian President Hassan Rouhani's visit to China, possibly paving the way for steady crude flows between the two countries.

China proposes buying U.S. agricultural, energy products if Washington abandons tariff threat: U.S. media

China has proposed buying U.S. agricultural and energy products worth nearly 70 billion U.S. dollars, but only if Washington abandons its threat to slap tariffs on Chinese imports, according to a Wall Street Journal report on Tuesday.

China's potential ban on trucking coal, ore, steel may dampen imports

A potential ban on trucking coal, ore and steel in several regions in China could dampen demand for seaborne raw material imports, market sources said Monday.

China signals to state giants: 'Buy American' oil and grains

China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

Energy forum discusses closer China-Africa energy partnership

Attendees at a forum discussing Africa's electrification challenges held in Ethiopia's capital Addis Ababa on Monday urged closer China-Africa energy partnership to help meet the continent's energy needs.

Opinion Belt and Road 2018-05-15

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 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: 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

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 robust appetite for raw materials to boost freight demand: Bimco

China's strong demand for iron ore, coal and crude is driving up the demand for ships and is serving as an engine of growth for the dry bulk shipping and the tankers' sector, Baltic and International Maritime Council said in a report last week."Not only is China repeatedly importing larger volumes, it is also sourcing most of its imported iron ore from seaborne exporters with more than 98% of the imports arriving via sea," Peter Sand, Bimco's chief shipping analyst, said. Bimco is the world's largest international shipping association, with around 2,100 members in over 120 countries.China cont

Global Market 2018-02-24

China's Security Risks Rise as Energy Problems Mount

It seems that nearly everything that could go wrong has gone wrong for China's energy security following a decision to ban coal-fired heating in northern cities and switch to natural gas.Under a joint government and municipal action plan last March, 28 northern cities were told to stop burning coal for heat this winter to avoid another "airpocalypse" smog crisis in Beijing.But final orders for switching to gas or electricity came from the Ministry of Environmental Protection (MEP) only in late August, allowing little time for making connections by the start of the winter season on Nov. 15.Thou

China Policy 2018-02-24

China's energy revolution calls for rethink by fossil-fuel ports: expert

A logistics researcher in Zhoushan, East China's Zhejiang Province has called for a timeout in building massive ports for crude oil imports, as the nation's energy consumption transformation could make billions of yuan worth of investments obsolete. Port construction has been booming in response to the Chinese central government's call for the establishment of free trade ports, with local governments scrambling apply for such status.According to a report released by the website of the China Securities Journal newspaper on January 31, more than 10 provinces and cities across China plan to "acti

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