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  • September 18, 2014
  • Last updated: 3:28pm
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  1. News - China - ENERGY

    China plans to be world leader in nuclear power by 2020

    Posted Sep 14th 2014, 06:34am by STEPHEN CHEN

    ... but the Chinese companies that would build the plants are largely untested. The home-grown designs for third-generation reactors have yet to be used in a live nuclear project, even in China. China ...

  2. Business - Commodities - ENERGY

    Shunfeng’s profitable capacity fully occupied amid recovery

    Posted Sep 05th 2014, 11:34am by Eric Ng

    ... been reluctant to lend to the nascent business segment because of a lack of long term power sales and purchase agreements between project developers and the power users. Beijing plans ...

  3. Business - Commodities - ENERGY

    ENN Energy on track to meet target

    Posted Aug 26th 2014, 09:28am by Eric Ng

    ... to connect customers to its network surged 13.4 per cent year on year to 1.32 billion yuan, while that from piped gas sales grew 6.6 per cent to 1.31 billion yuan. According to a Daiwa Securities ... to pass through all of last July’s gas cost increase to end-users, which resulted in a 100 million yuan profit reduction. In Quanzhou, Fujian province, while gas sales grew substantially, ...

  4. Business - Commodities - ENERGY

    State firms seek tech help to tap China shale gas

    Posted Aug 25th 2014, 03:33am by Eric Ng, BIEN PEREZ

    ... interest in investing in Sinopec's fuel distribution unit, Sinopec Sales, which it plans to separately list on the stock market. Sinopec said on Friday it had signed a preliminary agreement ...

  5. Business - Commodities - ENERGY

    Coal prices set to stay low on mainland China for next 12 months

    Posted Aug 18th 2014, 04:01am by Eric Ng

    ... with prices falling in order to spread the high fixed costs over high sales volume, ANZ said. The bank said further price downside is limited since the current benchmark Australian coal price ... Securities News quoted Wang Jinli, chairman of the sales unit of state-owned Shenhua, as saying the company has cut this year's planned output by 11 per cent. China Coal Energy, the listed unit ...

  6. Business - China Business - ENERGY

    Ruentex pact paves way for Sinopec retail spin-off

    Posted Aug 04th 2014, 03:40am by Eric Ng

    ... if the strategic partner can make a difference in boosting its non-fuel sales. By making the agreement public, it also puts pressure on other interested potential partners and strategic investors to offer ... to enhance governance and efficiency. Chairman Fu Chengyu said in March that the firm aimed to complete the sale by the end of next month. "Many [potential] investors have expressed interest ...

  7. Business - Commodities - ENERGY

    Gas distributors fall on imminent price increase

    Posted Aug 13th 2014, 11:24am by Eric Ng

    ... typically accounts for about two-thirds of city gas distributors’ sales. “Higher prices may weigh on China’s city gas distributors over producers, as margins soften and volume growth ebbs,” ...

  8. Business - Commodities - ENERGY

    Mainland China oil majors expected to unveil mediocre profits

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... (Sinopec) on the back of higher fuel and chemicals demand from an improving economy and potential gains from asset sales, but the timing of an impending gas price rise is an uncertainty hanging over ... and percentage of PetroChina's gas pipeline stake sale, which was expected to bring in billions of yuan in a one-off disposal gain. Investors will also seek updates on Sinopec's planned sale ...

  9. Business - Commodities - ENERGY

    Solar stocks shine as Beijing raises target

    Posted Aug 06th 2014, 03:11pm by Eric Ng

    ... industry executives said. Beijing planned to raise the subsidy on power sales by rooftop solar farm developers to state-owned distributors by up to 55 per cent, and compel the latter to act ...

  10. Business - Commodities - ENERGY

    Trader Arcadia unbowed by CFTC oil-rigging deal

    Posted Aug 06th 2014, 03:28pm by Reuters

    ... their respective homes. The CFTC's case centred on Arcadia and Parnon's 2008 activities in Oklahoma, the delivery and settlement point for US oil futures contracts. ...




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