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Largest private LNG project in north China raises tank roof

Beijing (JLC), May 30, 2024--Inner Mongolia Yitong Energy Co., Ltd, wrapped up the roof raising of its LNG storage tank on May 28, according to a local media.

05-30-2024 11:09:53

China’s private GCL to build LNG terminal in Jiangsu

Beijing (JLC), August 17, 2021--China’s private energy company GCL Group is said to have won green light for its project to build a 3-mln-mt/yr LNG receiving terminal in Rudong county in east China’s Jiangsu province earlier this month.

08-17-2021 17:36:25

Another Chinese private enterprise plans to build underground gas storage

Beijing (JLC), July 20, 2021--Sino Prima Gas Technology Co., Ltd., a Chinese private company that mines and markets natural gas, plans to invest CNY1.5 bln (about $231 mln) in building an underground natural gas storage facility.

07-20-2021 16:55:58

Huaneng Nantong Power Plant's gas turbine innovation project is approved

Jiangsu Development and Reform Commission approved the construction of Unit 1 of China Huaneng Nantong Power Plant's gas turbine innovation development demonstration project.

08-18-2020 17:28:36

PetroChina, Novatek ink an agreement on stake acquisition in Arctic LNG 2 Project

Beijing (JLC), June 20, 2019--PetroChina and Novatek signed an agreement on the acquisition of stake in Arctic LNG 2 Project for both China National Oil and Gas Exploration and Development Corporation (CNODC) and Novatek in Saint Petersburg recently, domestic media reported.

06-20-2019 15:56:13

Sinopec forms LNG trading JV with Russia's Novatek, Gazprombank

Sinopec has signed heads of agreement with Russia's Novatek and Gazprombank to establish a joint venture in China for selling liquefied natural gas (LNG) to local end-users, Sinopec announced.

06-11-2019 11:43:56

China's first LNG Tank Supply Chain Innovation Union is founded in Jinan

Beijing (JLC), May 20, 2019--On May 18, 2019, China's first LNG Tank Supply Chain Innovation Union was founded in Jinan, the capital of Shandong, according to market sources.

05-20-2019 16:50:24

Brightoil halts sales of oil carriers amid China's support policy on private enterprise

Brightoil Petroleum, once in financial difficulties, decided not to sell 15 oil carriers due to the growth of the crude oil market and the support of the state's bail-out policy for private enterprises.

11-28-2018 16:33:57

VAT for LPG much likely to be cut to 11%

It remains to be seen whether the 13% VAT for LPG will be adjusted to the higher level of 17% or to the lower level of 11%, whereas there is much likelihood for a cut to the 11% level in compliance with the government’s call to ease tax burdens for businesses.

04-21-2017 17:38:44

Negatives generated motivation, leading to rising bio-diesel prices

12-01-2016 08:43:03

Petrochemical private enterprises main business income would be 6.5 tln yuan by 2020

During the 12th Five-Year Plan, China petrochemical industry private enterprises made substantial progress, and by the end of 2015, main business income of private enterprises accounted for 30.6% of the overall industry.

07-06-2016 15:06:23

Prostar Capital buys China private oil depot stocks equity

Prostar Capital focused on midstream energy infrastructure bought up 40% stocks equity with 100 million dollars of one large strategic crude and oil products oil depot in Zhejiang Province.

06-20-2016 15:43:29

Chinese private assets rushing into LNG projects

According to JYD, Golden Concord Holdings Limited inked a proposal with Linhai city of Zhejiang province about LNG receiving terminal and supporting pipeline project investment the other day, marking the two parties’ cooperation had come into fact.

06-07-2016 16:56:03

China government encourages private enterprises to store crude

On May 31st, China National Energy Administration released the exposure draft of national petroleum reserves rules, and it pointed that as the national petroleum reserves construction is promoting, the government should set up the perfect national petroleum reserves management systems.

06-03-2016 16:32:22

ENN Zhoushan LNG project, China's first private LNG project, approved by authorities

According to JYD, Enn’ Zhoushan LNG project started construction on January 13th, 2016. The Phase I project is schemed to receive the first cargo of LNG in June, 2018.

01-22-2016 15:54:04

Premier highlights innovation and agricultural modernization

Premier Li Keqiang highlighted mass entrepreneurship and innovation as a new engine of China’s economic development, and stressed the combined development of new-type urbanization and agricultural modernization during his tour to Central China’s Henan province from Sept 23 to 25.

09-28-2015 09:12:32

Loss of coking unit aggravated by CNY60/mt to CNY109/mt

This week, based on CNY3,650/mt of Russia M100 spot ex-terminal barge price at Shandong market on September 9th, the loss of processing imported straight-run oil at Shandong teapots edged down to CNY486/mt, CNY23/mt decrease WoW, as M100 price plunged by CNY50/mt WoW.

09-10-2015 15:15:50

Guizhou to open 400 energy projects to private funds

The Guizhou Development and Reform Commission unveiled on May 26th that it will hold the 2015 Energy Project Public-Financial-Enterprise Financing Cooperation Conference with Guizhou Energy Administration on May 29th to open hundreds of energy projects to the private sector...

05-28-2015 14:38:30

Technological innovation and market mechanism needed in the development of CBM exploration

On May 18th, Sun Maoyuan, expert of the Expert Consultative Committee of the National Energy Commission, said that coal bed methane (CBM) exploration in China is still in the starting stage, marked with small scale and low use ratio.

05-27-2015 17:39:44

Oman is considering privatising oil refinery ORPIC

The government of Oman is considering divesting part of the Oman Oil Refineries and Petroleum Industries Co (ORPIC)

01-14-2015 10:51:44

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