Energy Security of China

Pakistan happy to aid in China's quest for land route to the west; India, not so much

Pakistan happy to aid in China's quest for land route to the west; India, not so much

"We want to open to the west and use your country to help us develop a corridor for trade and tourism," Zhu Rongji said, pointing to the giant map of China on the wall behind his desk.

Tuesday, 19 November, 2013, 3:00pm 1 comment

Gwadar seaport holds key in China's energy search

A Pakistani soldier at the newly built Gwadar port. Photo: AP

China is expected to take operational control of the strategically located Gwadar port on Pakistan's southwestern coast this month. The state-run Chinese Overseas Port Holdings has bought the shares of Singapore's PSA International, the concession holder and operator of the port, under a deal approved by the Pakistan government.

12 Feb 2013 - 2:45am

Nuclear energy key to China's development

Fossil fuels still dominate Beijing's energy mix. Photo: AFP

The State Council has partially lifted a ban on new nuclear power stations in China - imposed following the Fukushima nuclear incident - allowing construction to go ahead in coastal areas. Under the new terms, no inland projects will be allowed to be built in the next three years of the current five-year plan.

11 Jun 2015 - 3:58pm

Help China in drive for resources, U.S. body says

The US should partner China's aggressive international expansion to acquire resources instead of viewing it as a threat, said some speakers at a recent hearing of the US-China Economy and Security Review Commission (USCC), a US body that advises Congress on Sino-US relations.

13 Feb 2012 - 12:00am

Reform talk lifts shares of oil giants

Shares of the mainland's state-owned oil and gas producers rose yesterday on speculation that Beijing would launch a long-awaited reform of the domestic petrol pricing mechanism and that a trial gas-pricing reform in two southern provinces would be expanded.

4 Jan 2012 - 12:00am

Oil giant buys into Brazilian fields

China Petrochemical, the nation's second-largest oil and gas producer and the most aggressive state-backed acquirer of overseas assets, has agreed to pay US$4.8 billion for 30 per cent of the Brazil unit of Portugal's largest energy firm, Galp Energia.

12 Nov 2011 - 12:00am

Working out new steps in dance with Russia

China's upstream energy forays have become the stuff of folklore - carving out tracts of Central Asia, Africa and the Gulf in the desperate quest for hydrocarbon resources. Of course, Beijing's activities have been far more sophisticated than that, drawing on security and diversity of supply, and reducing price risk exposure.

19 Jul 2011 - 12:00am

Oil rise lifts CNOOC parent's profit

China National Offshore Oil Corp, the parent of listed CNOOC, posted a 15.3 per cent gain in profit for last year thanks to higher oil prices and accelerating growth in chemical and power production.

5 Feb 2008 - 12:00am

MI Energy eyes US$150m in HK float as it puts money on mainland

MI Energy, a foreign-owned partner to the mainland's largest oil companies, plans to raise about US$150 million in an initial public offering in Hong Kong next year, sources say.

24 Sep 2007 - 12:00am

Mainland oil security lies in diversity of suppliers

PetroChina's discovery of a giant new oil reserve in Bohai Bay may ease the mainland's dependence on expensive imports but the country still will need to diversify its foreign suppliers to ensure stable imports for its growing needs.

This year, for the first time, the mainland looks set to import more oil than it produces at home.

12 May 2007 - 12:00am

Beijing mulls corporate oil reserves to ease supply volatility

China plans to ask domestic oil companies to set aside extra stockpiles to cushion the country from supply and demand volatility, state media reported.

8 Feb 2007 - 12:00am

China group blazes trail with US$400m foreign oilfields

Barred from exploring for oil at home, a consortium of private mainland companies had secured six fields abroad for the first time - four in Indonesia and two in the Middle East - for US$400 million, industry sources said yesterday.

5 May 2006 - 12:00am

Trade estimate too low, say experts

Economists yesterday said an official forecast of 7 per cent growth in China's foreign trade this year was conservative, but the prospect of a war and higher oil prices made it hard to call.

Zeng Peiyan, minister of the State Development Planning Commission, told the National People's Congress trade in 2003 would grow by around 7 per cent, down from 21.8 per cent in 2002.

7 Mar 2003 - 12:00am