In Late 2015 the United Nations community met for the United Nations Climate Change Conference, also known as COP 21. The conference was looking to create some binding agreements among member nations in which to limit global temperature increases to under 2 degrees this century. China Policy a leading Beijing based policy analysis and strategic …
Energy & Resources Talking Points 27-01-2016
China’s dependency on foreign oil increases China’s dependency on foreign oil imports has exceeded 60%, as consumption rose 4.4% last year. The rate will further increase in 2016 as vehicle ownership becomes more common, urbanisation advances and the state continues boosting oil reserves. However, as the economy has slowed, energy consumption is slowing. 2015 energy …
Energy & Resources Talking Points 20-01-2016
China’s largest offshore producer to cut output Cnooc Ltd. China’s largest offshore oil company will cut output for the first time in a decade, after an announcement to the Hong Kong Stock Exchange. Speculation that Chinese producers are now feeling the pinch of the global oil price, with Cnooc Ltd. announcing that they will cut …
Energy & Resources Talking Points 13-01-2016
Oil falls below $30 Oil dropped below $30 a barrel briefly as an absence in output restraint and concerns about China has led to over a 20% slash of value on the year. The current prices are now below cut off value for many producers, particularly the US shale gas and Canadian oil sands producers. …
Energy & Resources Talking Points 06-01-2016
Qatar transitions to efficiency with its LNG With increased production from the United States and Australia expected to overtake Qatar as the world’s largest natural gas exporters, Qatar looks to focus more on its efficiency, with low cost production and geographic location to maintain its place. Qatar shipped 76.4 million tons of natural gas in …
Energy & Resources Talking Points 16-12-2015
16-12-15 Japan to go back to nuclear Japanese nuclear reactors are set to restart and increase percentage renewables in their energy make up. Japanese natural gas imports will drop to 77 million mt by 2020 from a record high of 86 million mt in 2014. Kyushu Electric restarted some of its reactors after a 23-month …
President’s Oil and Gas Dialogue and Reception
The 13th Five Year Plan has implications for the oil and gas industry. In addition to policy changes in China, the drop in oil prices means oil companies across the world are faced with reduced profits, cutting budgets and staff as well as adjusting exploration and production strategies. AmCham China in partnership with AustCham Beijing …
Energy & Resources Talking Points 09-12-2015
09-12-15 Crude oil prices plummet Crude oil prices hit 7 year lows, on the back of the OPEC summit held in Vienna. OPEC’s decision to keep production at high levels has led to oversupply, whilst some see it as a natural downward pressure on the value of oil. Whilst China has experienced some economic slowdown …
Energy & Resources Talking Points 02-12-15
China the new leader in climate change From a reluctant partner and stumbling block in the previous Copenhagen climate talks, to leader come this time in Paris, China is taking a lead in a crucial issue affecting the world today and more so the future. Many promising Chinese government announcements lead to a promising outlook, …
Energy & Resources Talking Points 25-11-15
China cuts gas prices for industrial users China has cut gas prices for industrial and business users to combat pollution issues. The cuts will vary per city and will come into effect on the 20th November, with expected savings of 43 billion yuan ($6.7 billion). China has been slow to alter gas prices particularly for …