Energy Crisis

Premier Li Keqiang offers to help end Pakistan's energy crisis

Premier Li Keqiang inspects a Pakistani guard of honour during a welcoming ceremony at Nur Khan air base in Rawalpindi. Photo: AFP

China and Pakistan should make co-operation on power generation a priority, Premier Li Keqiang said, as Islamabad seeks to end an energy crisis that causes power cuts of up to 20 hours a day and brings the economy to a near standstill.

Thursday, 23 May, 2013, 5:58pm

Plan for third runway won't fly without fuel

If a third runway is added to Hong Kong International Airport, it would not be fully operational until the 2020s. The Airport Authority argues that it is necessary, based on projections of rising demand for air travel.

9 Aug 2011 - 12:00am

Power play just drama?

As the nation witnessed images of dried-up lakes and cracked river beds in central China earlier this month, state media warned that a major energy crisis was looming this summer, complete with drops in hydropower, rationing at factories, and widespread financial losses for power-generating companies.

But do such drought conditions really result in epic power shortages?

14 Jun 2011 - 12:00am

Low prices, not inflation, are the cause of China's problems

Regular readers will have seen an awful lot in this column over recent months - possibly too much - about how China is threatened by inflation.

Yes, rising prices are a danger. But the source of many of the mainland's woes is not inflation. On the contrary, the cause of some of the biggest problems is that prices are too low.

26 May 2011 - 12:00am

Summer power shortages loom for mainland

China is facing its worst summer power shortage in seven years, according to the country's power industry regulator.

Industry officials said on Monday that, starting next month, China could find itself suffering from a combined power shortage of 30 million kilowatts during the peak demand hours.

25 May 2011 - 12:00am

Time to face reality and find an alternative to oil

It's as if we're unwilling to accept reality. The Gulf of Mexico oil spill has graphically shown that the world's thirst for fossil fuel can have calamitous consequences. A disaster on such a scale should be a wake-up call for an accelerated switch to better, cleaner and more dependable energy alternatives.

18 Jun 2010 - 12:00am

Commodity price rally not the recovery signal many believe

The rally in Hong Kong stock prices so far this year has been impressive.

But equally impressive has been the rebound in global commodity prices. As the first chart below shows, the S&P GSCI index of commodity futures contracts has actually pipped the Hang Sang Index over the year to date, climbing 29.4 per cent to the Hang Seng's 26.9 per cent.

9 Jun 2009 - 12:00am

quiz time

Choose the correct answer

1 Oil is nicknamed

a) black gold b) sticky gold c) dark silver

2 Greenback is the name of

a) ex-chairman of the US Federal Reserve Board

b) the US currency

c) a Nobel laureate

3 A subsidy is

a) money given to support a business

16 Jun 2008 - 12:00am

Pricey barrels add a burden

A 36 per cent price increase in five months? About 400 per cent in five years? The price of which product has soared that much?

It's crude oil!

Since 2000, crude oil prices have steadily climbed. And many economists expect this trend to continue.

In early January, oil was traded at US$100 a barrel and the price rose to US$136 earlier this month.

16 Jun 2008 - 12:00am

Raw materials whet investors' appetites in unsavoury times

The local stock market has been bogged down in negative news, but runaway prices of raw materials have sent stocks in the commodities sector rocketing.

And investors seem to have caught on.

9 Mar 2008 - 12:00am

Guangdong factories face power shortage

Guangdong manufacturers should expect to suffer shortages of electricity, diesel and coal this year as energy supplies fail to keep pace with the province's surging economic growth.

19 Jan 2008 - 12:00am

State, refiners bear brunt of dearer crude

The mainland government's coffers and the two state-controlled oil refiners will bear the brunt of soaring global oil prices as Beijing is using price controls to shield the economy from most of the impact, analysts say.

22 Nov 2007 - 12:00am

Subsidies for groups hit by fuel price rise

Ministry sets aside funds for sectors including fishing, timber and transport

The Ministry of Finance announced yesterday it would issue special subsidies to the low-income groups and industries hit hard by fuel cost increases, a day after the nation's planning agency increased oil prices by about 10 per cent and warned of an imminent rise in gas prices.

2 Nov 2007 - 12:00am

Crude close to peak on supply concerns

Oil hovered near US$77 a barrel, close to this week's historic high, as continued output restraint by the Organisation of Petroleum Exporting Countries raised concern over tighter fuel supplies this winter.

US oil eased 20 US cents to US$76.66 in morning trade in London after rising 33 US cents on Thursday.

4 Aug 2007 - 12:00am

Power price pressure calls for balancing act

Growing pressure for the first electricity price rise on the mainland for more than a year illustrates the policy dilemma the central government faces over the sizzling pace of economic growth.

26 Jul 2007 - 12:00am