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  • October 22, 2014
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  1. Business - Companies - ENERGY

    Hot summer sees Hong Kong lead way in CLP electricity sales

    Posted Oct 20th 2014, 02:08pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com CLP’s electricity sales in the first nine months of the year to Hong Kong and mainland China increased 2.7 per cent year on year to 26,613 gigawatt-hours ... the company said. Sales to mainland China dropped 26 per cent to 1,023 GWh on lower committed sales to Guangdong Power Grid Corp, CLP said. It said coal prices continued their downward spiral ...

    http://www.scmp.com/business/companies/article/1620565/hot-summer-sees-hong-kong-lead-way-clp-electricity-sales
  2. Business - Commodities - ENERGY

    China sets range for coal resource tax of 2-10 per cent

    Posted Oct 13th 2014, 04:13am by Reuters

    ... Reuters in Beijing China sets range for coal resource tax of 2-10pc The mainland will institute a resource tax on coal of between 2 per cent and 10 per cent in December, the first official ... agreement with China. The Minerals Council of Australia has urged the Australian government to ask Beijing to reverse the decision, saying it would ultimately hurt Chinese consumers by raising coal ...

    http://www.scmp.com/business/commodities/article/1615416/china-sets-range-coal-resource-tax-2-10-cent
  3. Business - Commodities - ENERGY

    China's top power equipment makers look to clean energy to fuel growth

    Posted Oct 13th 2014, 04:13am by Eric Ng

    ... and the wind turbine sector would continue to grow. Dongfang, estimated by China International Capital Corp to have a 30 to 39 per cent share of the domestic coal-fired equipment market, is forecast ... cent in 2016. "As China's demand for [coal-fired] power plants declines, the equipment industry is experiencing significant excess capacity, which we expect to lead to a material ...

    http://www.scmp.com/business/commodities/article/1615297/chinas-top-power-equipment-makers-look-clean-energy-fuel-growth
  4. News - China - ENERGY

    China National Petroleum Corp anti-graft chief Wang Lixin 'detained'

    Posted Oct 10th 2014, 04:54am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Wang Lixin taken away by anti-corruption investigators as probe continues at China National Petroleum Corp, Caixin says Oil giant's anti-graft executive 'detained' China National Petroleum Corporation's anti-corruption chief Wang Lixin has been detained by corruption investigators, according to a mainland news report, the latest senior official ...

    http://www.scmp.com/news/china/article/1613229/china-national-petroleum-corp-anti-graft-chief-wang-lixin-detained
  5. Business - China Business - ENERGY

    Huaneng Power jumps on 9.27b yuan deal with parent firms

    Posted Oct 14th 2014, 02:43pm by Eric Ng

    ... this year. Huaneng Power, the listed unit of the mainland's largest power producer, China Huaneng Group, has agreed to buy from ultimate parent China Huaneng and immediate parent Huaneng ... provinces. The plants to be bought are in southern, eastern and central China, and have a combined installed generating capacity of 7,087.5 megawatts, of which 5,737.7 MW are attributable ...

    http://www.scmp.com/business/china-business/article/1616176/huaneng-power-jumps-927b-yuan-deal-parent-firms
  6. Business - Commodities - ENERGY

    Oil demand to grow at slowest rate in 5 years

    Posted Oct 15th 2014, 05:19am by Bloomberg

    ... and China. ...

    http://www.scmp.com/business/commodities/article/1616581/oil-demand-grow-slowest-rate-5-years
  7. Business - Commodities - ENERGY

    Russia's Gazprom says US$400b Chinese gas deal not final

    Posted Oct 13th 2014, 04:13am by Reuters

    ... deal to supply gas to China through an eastern route had yet to be signed, clouding the plan's prospects. Gazprom said, however, the final document to be signed by the Russian and China governments was almost ready, and could be signed "in the nearest future". Gazprom and Russia and China National Petroleum Corp signed the deal to supply gas through a pipeline in May after ...

    http://www.scmp.com/business/commodities/article/1615299/russias-gazprom-says-us400b-chinese-gas-deal-not-final
  8. Business - Commodities - ENERGY

    Saudis avoid 1980s mistakes to halt oil price fall as glut builds

    Posted Oct 14th 2014, 11:54am by Reuters

    ... the rise of China triggered a decade-long price boom. Fellow Gulf Arab ally and Opec exporter Kuwait has already said the Opec is unlikely to cut oil production in an effort to prop up prices ...

    http://www.scmp.com/business/commodities/article/1616112/saudis-avoid-1980s-mistakes-halt-oil-price-fall-glut-builds
  9. Business - Commodities - ENERGY

    Chinese property investors move into US shale oil market

    Posted Oct 11th 2014, 04:15am by Toh Han Shih

    ... in the northern state that has prospered due to shale oil. North Dakota Developments sells properties to investors in mainland China and Hong Kong through direct sales or agents, said Robert Gavin, its ...

    http://www.scmp.com/business/commodities/article/1614012/chinese-property-investors-move-us-shale-oil-market
  10. News - World - ENERGY

    EU narrowly approves plan for new nuclear plant in Britain

    Posted Oct 09th 2014, 10:17pm by AFP

    ... needs. Under the accord, which the EU estimates to be worth €31 billion (HK$ 304 billion), EDF gets a 45-50 per cent stake, China General Nuclear and China National Nuclear Corporation will have ...

    http://www.scmp.com/news/world/article/1613058/eu-narrowly-approves-plan-new-nuclear-plant-britain

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