China Energy Monthly Report - April 2009
China Energy Monthly Report is a monthly English review
co-operated by Chinadaily.com.cn and
ResearchInChina.com. It features the latest business
events, industry policies, statistics and analyses for
investment and co-operation in China, the world's secondlargest energy consumer.
China Energy Monthly Report keeps you abreast of up-todate energy news, policies, statistics and analyses
surrounding China’s coal, electricity, gas, oil and new
energy sectors. With this report, you will never miss any
investment and cooperation opportunities in China’s huge
energy market.
Table of content
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OVERSEAS BULLETIN
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Towngas China sells Panva LPG for HK$414m
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State Grid orders $140m transformers from ABB
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Kazakhs seek $10b in Chinese investment
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Russia builds fast-neutron experimental nuclear reactor in China
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Russian oil pipeline to reach China within weeks
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Applied Materials says value of solar order slashed
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Aker Solutions braces for flat revenue growth
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Sinohydro to invest over $1b on Ecuadorian hydropower plant
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CLP buys out China wind-farm stake from partner
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Roc Oil starts production in China oilfield
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China, Mongolia to enhance energy cooperation
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China, Scotland to enhance ties on renewable energy
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Keppel to develop school, apartment projects in Tianjin
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BHP unit sale not cleared
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Shell in talks with Chinese peers on Iraq venture
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Shell defers CTL venture with Shenhua
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China, Kazakhstan sign $10b loan-for-oil agreements
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Indian Oil buys Nigerian, Angolan Crude from Unipec, Sinochem
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Genesis Energy 2008 loss swells on costs for pipeline disposal
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China, Russia ink oil cooperation agreement
Vestas plans to exploit China’s wind power boom
China agrees to buy LNG from Exxon venture
China, Russia oil pipeline to start operation at end-2010
China set to overtake US as biggest wind-power growth market
CLP says Chinese coal too costly, turns to renewables
Kuwait minister says China refinery talks not easy
China Gas expands distribution network in Fujian
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COAL & ELECTRICITY
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China Coal sees 09 contract coal prices edging up
China power, coal producers may sign fuel supply contracts soon
Huaneng Power buys stake in Qidong Windpower
Huaneng Power boosts spending as China spurs economy
Ningxia receives 60b loans for energy
China Power to cut output by 2% as demand slows
Three Gorges Project generates 300b kWh of electricity
Huge coal reserve discovered in Xinjiang
Guangxi Guidong Electric stake sale to Iberdrola canceled
Power deal inked with Henan aluminum makers
Coal inventory at Qinhuangdao declines
Coal firms may get more
Huadian Power confident of reversing last year’s loss
Huadian Power plans 3b yuan short-term notes
Thermal power firms pick up in Q1
Qinhuangdao coal prices rise for 3rd week
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China National Coal Group to double profit in 5 years
Shanghai Electric halts trading on private placement
Guangdong Electric plans private placement of 1.2b yuan
Five power majors ask for price changes, government aid
Yanzhou sees coking coal price weak in H1
Yangtze hydro projects to get a boost
Power-station coal inventories enough for 17 days use
Dongfang Electric plans 5b yuan share sale
Goal for clean coal
CNOOC, Datong to build coal-to-gas plants
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OIL & GAS
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CNOOC parent to complete refinery expansion by 2013
China Oilfield price target raised 5% at Deutsche
PetroChina Jinzhou to raise April crude runs 16%
CNPC eyeing Petro-Canada assets
CNPC, Sinopec to meet with Venezuela
Daqing to maintain crude output
China cuts diesel exports
CNAF to hike capacity
China refiners to lift April crude runs on demand hopes
PetroChina independent supervisor Wu Zhipan resigns
China seaborne oil imports rose on stockpile gain
Hainan plans 5m-ton emergency oil stockpile
CNOOC parent offers 17 offshore exploration blocks
CNOOC’s 2008 proven oil, gas reserves decline after asset sale
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CNPC approved to raise stake in unit
Xinao Gas rises to highest in 6 months on outlook
Guangdong Dapeng LNG terminal buys Russian cargo from Shell
Oil firms bleed from low crude prices
CNOOC cut to ‘neutral’ at Macquarie on oil price forecast
CNOOC Group joins InterOil in Papua New Guinea LNG
China Gas to expand vehicle-gas refueling network
CNPC to invest in Peru oil, gas industry
China March refinery runs rise first time in 5 months
CNAF units sign fuel agreements with CNOOC
CNPC to boost oil refining volume as inventories fall
Gasoline refining margins advance
PetroChina may pay $1.4b for stake in Kazakh oil company
CNOOC: No plan to buy oil firms during crisis
CNPC plans $1b bond issue
CNPC makes first oil find at Chad wells
CNOOC to issue $1.5b medium term notes
CNPC delays first south China refinery
China resumes spot LNG imports after 6-month hiatus
PetroChina to add 300 gas stations in Jiangsu by 2015
CNPC to lower project costs, cut operational spending
PetroChina delays $2.3b Fushun plant expansion to 2011
CNOOC Group Q1 profit falls on oil price
PetroChina expects China gas price to rise
China Gas trading suspended before announcement of transaction
CNOOC Huizhou refinery starts fuel sales
CNPC poised for $3b dollar-bill issue
China Oilfield Services cut to ‘sell’ at BNP on cash flow
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PetroChina plans largest oil storage facilities at Daqing
CNPC buys Kazakh oil company
PetroChina offers fresh evidence of oil de-inventory
CNPC gets nod for stake buy
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NEW ENERGY
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MW wind turbines set to power nation’s energy needs
Nuclear power plants mulled in Hubei
ZhongDe Waste signs letter of intent with Jilin province
Waste Management sees growth turning trash to energy
Wind power capacity likely to rise 64% this year
Suntech wins order to supply solar modules to Germany’s Soleos
QS Solar hikes capacity
China Guangdong Nuclear fund raises $1b
China to build 5 nuclear power stations in 2009
China nuclear safety chief warns of excessive growth
China to add 80 GW installed power capacity in 2009
China’s wind-power boom to outpace nuclear by 2020
ReneSola names Tan as independent director
Chinese firm prepares mass production of new energy power generator
Financial crisis, a chance to be less reliant on fossil fuels
Wang joins Suntech
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FOCUS ON SHENHUA
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Shenhua to launch China’s first carbon capture project
Shenhua starts building $1.1b railway to transport coal
Shell, Shenhua to delay coal-to-liquids project in Ningxia
Shenhua Energy’s Q1 coal sales rise 0.5%
Shenhua eyes Mongolian mine
Shenhua Q1 profit rises 17% on sales
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FOCUS ON SINOPEC
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Sinopec buys 10% interest in Canada’s Northen Lights
Sinopec shuts Hebei refinery for month’s maintenance
Sinopec signs $350m Kuwait drilling deal
Sinopec Yanshan refinery gains in Q1
Sinopec chemical plants profitable as prices rebound
Sinopec, Eni sign agreement for long-term crude oil supply
Sinopec, CNOOC downgraded at UBS on lower oil-price outlook
Mitsubishi Chemical, Sinopec to broaden alliance
Sinopec to start new capacity at Tianjin refinery in September
Sinopec Shanghai posts profit after oil costs fall
Sinopec may join Shell, Repsol in Iran gas project
Sinopec expects higher profit on eased price controls
Sinopec shuts ethylene plants for unscheduled maintenance
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ENERGY & ENVIRONMENT
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Developed countries urged to commit more in fighting climate change
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Beijing to set new rules on vehicles to cut traffic jams, pollution
Big China hydro plant can sell carbon credits
Carbon trading mooted
China shines in green project spend
Shanghai district to pilot carbon credit trading plan
Golden Valley eyes more energy-saving LED lamps
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POLICY
China to accelerate power-pricing changes, Zhang says
China drafting stimulus plan for renewable energy industry
China to build oil reserves to meet 100 days of use
Shanxi launches coal industry reform
Vice Premier underscores development of new energy
China to expand oil, gas exploration abroad
China to raise nuclear power use 10 times by 2030
China said to inject funds into oil companies for acquisitions
China may announce details ‘soon’ on gas pricing
China launches gas safety campaign in small mines
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ANALYSIS
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IEA likely to lower its oil demand forecasts
Chinese utilities’ 2009 coal price may rise 11%
China’s 2009 power demand to stay weak
China may hike refined oil rates
Industrial demand for power to perk up in Q3
China still has surplus of coal in ‘short term’
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China may boost imports of coking coal
Oil demand may take hit
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STATISTICS
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Clean-technology venture investment falls 48% in Q1
COSL full-year net rises 38.6%
China Merchants Energy says Q1 profit may fall 50%
China Resources Power profit beats estimates
Costlier coal hits Huaneng hard
China Power posts 2008 loss
China crude stocks fall 1.6% in Feb
A-Power Energy Q4 profit higher-than-expected
Shanghai Electric Power Q1 net hits 38m yuan
China March coal imports jump to record high
China net oil imports touch 8-month high
Shanghai Electric Power back in black
China Q1 coal output rises 5.2%
China Merchants Energy Q1 profit falls 57%
China National Coal Q1 net hits 2.91b yuan
Huaneng Power Q1 output falls 9.3%
China Resources’ electricity sales increases 13% last month
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Publication date: May 2009
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