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Proposal of reform on oil & gas may be released this year

It is known from insiders that draft proposal on the reform of oil and gas will be released for comment in June or July and the final version will come out at the end of this year.

May 22, 2015

0.4 billion mt/year of LNG demand expected in 2020

According to EY, annual growth rate of LNG demand before 2020 is predicted to be around 5-6%, which means 0.4 billion mt/year of demand in 2020 with China taking 81million mt/year.

May 22, 2015

Huge demand of coal-made gas

National Energy Administration officially issued the “Plan on Clean and Effective Use of Coal (2015-2020)” (Hereafter referred to as the plan) on May 5th and proposed to strategically pr

May 15, 2015

Cheniere Energy starts to construct the second LNG export project

Cheniere Energy has started to construct the second LNG export project in Corpus Christi, Texas.

May 15, 2015

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

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