China has vowed to further strengthen its oil and gas pipeline network during the next decade, in an attempt to further boost the clean fuel’s share in the country’s energy mix. By 2025, the country’s oil and gas pipeline network is expected to reach 240,000 kms, with natural gas pipelines reaching 123,000 km, according to the nation’s top economic regulator. According to the National Development and Reform Commission, China now has 112,000 km of oil and gas pipelines, which means the country will need to build another 128,000 km of pipeline in the next few...
ANCHORAGE, Alaska (AP) — China would receive 75 percent of the natural gas from Alaska’s North Slope if a pipeline is built under an agreement signed Thursday in Beijing. Alaska Gov. Bill Walker signed the agreement with Sinopec, Bank of China and China Investment Corp. to advance a natural gas pipeline project. There’s no guarantee a pipeline will be built, but the agreement has given new life to a project Alaskans have wanted for decades to offset declining oil production from the North Slope. If everything goes as planned, final agreements will be signed by […]
ESAI Energy has released a new study, Balancing Act: China’s Oil Demand and Energy Mix to 2030 that takes an in-depth look at China’s oil demand trends to 2030, projecting energy mix and demand for 13 oil and alternative fuel products. The study shows in detail that the pace of oil demand from 2015-30 will slow by almost 60% vs. the 2000-15 period. The study examines China’s efforts to balance the delicate relationship between coal, natural gas and oil and handle the dramatic changes in its oil products market. Beyond demand, the study looks at […]
Brief but extremely interesting note from China this week. Suggesting that an unparalleled opportunity in the energy space may be coming available here. That’s in the Chinese oil and natural gas industries. Where it appears the government may be about to open up former government-only sectors to outside investment, for the first time ever. That was the plan outlined by the head of the National Development and Reform Commission (NDRC), Xu Shaoshi, at a press conference in Beijing yesterday. With this influential official saying that China will launch pilot programs for “mixed ownership” in oil […]