Tag: China

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China Working on Investing in the World’s Largest Offshore Gas Project

According to Reuters, which cited unnamed sources, Chinese state-owned energy corporations are negotiating investments in the expansion of Qatar's North Field and are ready to sign long-term supply contracts. Qatar's...
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Oil Demand May Fall This Year Because of COVID Lockdowns in China – Standard Chartered

According to Standard Chartered, China's oil demand is likely to fall this year compared to 2021 due to decreasing economic development and the extension of new COVID-related lockdowns. According to...
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China Plans to Buy Stakes in Russian Energy Companies

According to Bloomberg sources, the Chinese government is in talks with four state-owned enterprises to buy shares in Russian oil and metals firms. China National Petroleum Corp (CNPC), China Petrochemical...
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Iran Oil Exports Jump Over 1 Million Bpd for the First Time in 3 Years

According to Reuters, crude oil shipments from Iran have surpassed 1 million barrels per day (bpd) for the first time since 2019. China, unsurprisingly, is the largest buyer of oil....
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Russia To Supply More Gas to China Via New Pipeline

As China and Russia increase their energy cooperation, Russian gas giant Gazprom and China National Petroleum Corporation (CNPC) have inked a new agreement under which Gazprom would deliver natural gas...
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U.S & China Will be Top Global Exporter and Importer of LNG in 2022

According to a recent report from IHS Markit, the United States and China will be the main export and import markets for liquefied natural gas (LNG) in 2022, respectively. Nigeria...
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Saudi Arabia Remains China’s Top Supplier for the Eleventh Month in a Row

Per a Reuters report, Saudi Arabia has remained China’s number-one crude oil supplier, customs data for October has shown. Saudi oil exports to China increased by 19.5% from the previous...
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Qatar Petroleum Orders Four LNG Carriers for North Field Expansion

Hudong-Zhonghua Shipbuilding Group Co. Ltd. (Hudong), a wholly-owned subsidiary of China State Shipbuilding Corporation Limited (CSSC), has received an order for four new LNG carriers from Qatar Petroleum (QP). This...
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China to Disburse 85% of Total Amount for AKK Gas Pipeline to Nigeria Soon

The Federal Government of Nigeria has announced that China has approved and will disburse its 85% loan required to fund the $2.6 billion Ajaokuta-Kaduna-Kano gas pipeline project. The news was...
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Sudan Owes $3 billion Oil debt to China, India and Malaysia

The Deputy Minister of Energy and Mines, Sudan, Hamid Suleiman, disclosed that Sudan is owing to China, India and Malaysia, a combined sum of $3 billion. The debt to China...
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