China Continues to Purchase Discounted Russian Crude
After importing roughly the same amount of discounted Russian crude oil in May, China probably imported an additional 2 million barrels per day (bpd) in June, keeping Russia as its...
Read More 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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