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Tremendous space to develop for China Oil&Gas sector

At last, local companies need to be encouraged to cooperate with famous international big firms, bringing money and high-tech to China offshore oil&gas resources.

May 13, 2015

LPG import from Russia increased dramatically

China speeds up trading in energy sector with Russia. In July 2014, Heilongjiang first imported LPG from Russia.

May 13, 2015

Value-added tax rate of natural gas may be increased from 13% to 17%

It is reported that the Ministry of Finance plans to increase the added-value tax of natural gas from 13% to 17% and the new tax policy will be implemented from October 1st, 2015.

May 08, 2015

Putin ratifies east-route gas pipeline agreement with China

Russian President Vladimir Putin on Saturday ratified a gas supply agreement with China via the so-called Eastern route.

May 05, 2015

China will cut down subsidies to shale gas

According to the Financial Times, China has announced to cut down subsidies to shale gas exploitation, which will further reduce China’s competitive edge to its US counterpart in competiti

April 30, 2015

Gas price edged up on account to monthly settlement

Aaron Calder, a natural gas analyst said the price of natural gas showed an upward trend by the close of trading on April 28th.

April 29, 2015

April domestic LPG supply decreases MoM

As of May, Yan’an Refinery is expected to recover production in early May. Liaohe Petrochemical is to end maintenance in end May. Jilin Petrochemical plans to start an overall turnaround i

April 29, 2015

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