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Tag Archives: Beijing

LNG shortage elicits emergency response in China

Liquefied natural gas shortage triggers emergency response in north China

BEIJING — Authorities in North China have implemented an emergency plan due to a temporary shortage of natural gas supplies in recent days caused by transportation and weather problems. The plan includes limiting indoor temperatures at public buildings and suspending supplies to manufacturers. China National Petroleum Corporation (CNPC), the country’s largest oil and gas supplier and producer, ran into difficulties ...

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China to crank up oil product exports, add to supply glut

SINGAPORE – Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins. China controls oil product exports through quotas to state-run refiners after assessing domestic needs. This year Sinopec Corp, ...

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China rig finds gas after Vietnam sea standoff


Ian Mader | Associated Press BEIJING — The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday. The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew ...

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North Dakota Food Producers, Processors Host Delegation of Chinese Buyers


Press Release FARGO, N.D. – A delegation of 20 Chinese buyers and food scientists will tour North Dakota Aug. 11-17 to meet with producers and processors of identity-preserved soybeans and other specialty crops.  The reverse trade mission is organized by the North Dakota Trade Office (NDTO) and the United States Department of Agriculture (USDA) Agricultural Trade Office in Beijing. “Our ...

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China needs to import more food to ease water, energy shortages: official

David Stanway BEIJING (Reuters) – China should boost imports of food so it can dedicate more of its scarce water supplies to energy production, especially in arid but coal-rich regions like Xinjiang and Ningxia, a senior environmental official said on Monday. Mu Guangfeng, the head of the environment impact assessment office at the Ministry of Environmental Protection, told a conference ...

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China, US differ on global plan to cut emissions

Louise Watt | The Associated Press BEIJING (AP) — China and the United States took small steps toward their shared goal of fighting climate change on Wednesday, but the world’s No. 1 and No. 2 carbon emitters remain significantly apart over a wider global plan to cut emissions. China’s chief climate official Xie Zhenhua said China should not be subject ...

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China National Petroleum Corp runs into accounting woes

BEIJING (China Daily/ANN) — Oil and gas producer China National Petroleum Corp understated its profit for 2012 after 10 company units miscalculated natural gas sales income, the National Audit Office said on Friday. After a thorough review of the company’s 2012 financial results, the auditors said accounting errors were discovered in contracts with a total value of 26 billion yuan ...

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