CARACAS, VENEZUELA (Carlos A. Rossi, Energy Analytics Institute, 5.Mar.2025) — A crucial point behind Europe’s motivation to support Ukraine’s president Volodymyr Zelenski is simply to not be left behind and ignored in any oil derivative deal certain to come out of any peace negotiation between the US and Russia. Europe understands […]
Category: China
China news
US Allies and Foes Braced for More Uncertainty Under Trump 2.0
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 5.Mar.2025) — US tariffs and sanctions have come to the forefront of oil markets and the global economy and oil demand could be impacted by imposition of tariffs and wider uncertainty, according to the Oxford Institute for Energy Studies (OIES) director Bassam […]
Venezuela Flared 46% of its 3,895 MMcf/d of Natural Gas Production in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by ChemStrategy. Another 46% […]
CERAWeek by S&P Global: Houston, 10-14 Mar. 2025
HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]
![IMF Expects World Output to Rise 3.3% in Both 2025 and 2026 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/11/2018-09-07T100212Z_20653507_RC18D091EAF0_RTRMADP_3_SANMARINO-IMF_0.jpg)
IMF Expects World Output to Rise 3.3% in Both 2025 and 2026 [PDF Download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — The International Monetary Fund (IMF) projects global growth at 3.3% both in 2025 and 2026, below the historical (2000–2019) average of 3.7%. Within Latin America and the Caribbean, Brazil is projected to grow 2.2% in both 2025 and 2026, while Mexico, the […]
Protected: Commentary: Near-term Triggers for ECA, Saguaro Energia, Vista Pacifico and Salina Cruz
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WoodMac: Key Upstream Things to Look for in 2025
(WoodMac, 8.Jan.2025) — Improving upstream sentiment comes at a time of high geopolitical tensions, and both supply and demand concerns, setting 2025 up to be a year of mixed messages. Wood Mackenzie recently released the Global Upstream: 5 things to look for in 2025 report. Key themes to watch for […]
China’s Geely Auto Eyes Selling 2.71mn Units in 2025 v. 2.17mn in 2024
(Editors at Energy Analytics Institute, 6.Jan.2025) — Automaker Geely Auto eyes global sells of 2.71mn units in 2025, while evolving the full scale of operating system, business capability, product strategy, and refined after sales. This, after the Chinese company announced breakthrough sales of 2.17mn units in 2024, up 32% compared […]
Harbin Celebrates Milestone with Fabrication of World’s Largest Impulse Runner
(Editors at Energy Analytics Institute, 3.Jan.2025) — Harbin Electric Corporation, involved in power generation technology, achieved a significant milestone in hydropower technology with the successful welding and manufacturing of the world’s largest single-capacity and largest-sized impulse turbine runner. The engineering feat led to the launch of the globe’s first 500 […]
CNOOC Eyes 13,600 Boe/d from Panyu Project in 2025
(Editors at Energy Analytics Institute, 1.Jan.2025) — CNOOC Limited and 80883 said that Panyu 11-12 Oilfield/Panyu 10-1 Oilfield/Panyu 10-2 Oilfield Adjustment Joint Development Project has commenced production. The project is expected to achieve a peak production of 13,600 barrels of oil equivalent per day (boe/d) in 2025. CNOOC operates the […]
![EAI 4Q24 NRG Prospector [Complimentary PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2025/03/EAI-4Q24-NRGProspector_h.png)
EAI 4Q24 NRG Prospector [Complimentary PDF Download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” from Argentina, Brazil, Bolivia, Canada, Chile, Colombia, Ecuador, Guyana, Mexico, Suriname, Trinidad and Tobago, the US and Venezuela, as well as Asia, Europe and Africa […]
JinkoSolar Shareholders Pass All Resolutions at Annual Meeting
(Editors at Energy Analytics Institute, 27.Dec.2024) — All of JinkoSolar Holding Co., Ltd.‘s shareholders passed the resolutions proposed at the company’s 2024 annual general meeting held on 27 Dec. 2024. In specific, the company’s shareholders passed the following resolutions approving: ____________________ By Editors at Energy Analytics Institute. © Energy Analytics […]
FPSO Alexandre de Gusmão Leaves China for Brazil
(Aaron Simonsky, Energy Analytics Institute, 23.Dec.2024) — The floating production storage and offloading (FPSO) Alexandre de Gusmão has left the COSCO Shipping (Qidong) Offshore shipyard in China for Brazil. The vessel will be the eighth SBM Offshore unit to operate in Brazil and is headed to the Mero Field, located […]
US DOE Completes Update of LNG Study
(Energy Analytics Institute, 17.Dec.2024) — The US Department of Energy (DOE) completed an update of studies that inform its public interest determination around LNG export applications to non-Free Trade Agreement Countries (non-FTA), a requirement authorized by Federal Law. The DOE has been given the responsibility by Congress under the Natural […]
U Power Launches EV Battery Power Solution in China
(Energy Analytics Institute, 11.Dec.2024) — U Power Limited announced that the AI technology-based autonomous unmanned battery swapping logistics vehicle has been launched and has undergone road testing. This advancement represents a key milestone in U Power’s comprehensive electrification strategy for sustainable logistics operations, achieving full coverage of autonomous battery swapping […]
Incremental LNG Demand Moved from Europe to Asia
(Energy Analytics Institute, 11.Dec.2024) — Incremental demand to-date in 2024 for LNG has moved from Europe to Asia, according to recent data from Kpler. Of the total year-to-date LNG trade of 376 million tons (Mt) between Jan.-Nov. 2024, the top importing countries are JKT (Japan, South Korea and Taiwan) with […]
S&P Global Publishes its Energy Outlook 2025
(S&P Global, 11.Dec.2024) — Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities and energy transition markets, today released their 2025 energy outlook. As the calendar turns to 2025, there is more uncertainty in energy markets heading […]
WoodMac: More US LNG Needed in Asia to Slow Coal Demand
(WoodMac, 3.Dec.2024) — Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown. The study, commissioned by the Asia Natural Gas and […]
BYD Eyes Producing EVs in Brazil in 2025
(Energy Analytics Institute, 3.Nov.2024) — Build Your Dream (BYD) Executive Vice President and CEO of the Americas Stella Li said the Chinese auto maker eyes producing its first vehicles in Brazil starting in 2025. Details were revealed during a meeting between Li and Brazil’s President Luiz Inácio Lula da Silva, […]
QatarEnergy and Shell Ink SPA for 3 MTPA Destined for China
(Energy Analytics Institute, 2.Dec.2024) — QatarEnergy and Shell inked a new long-term sale and purchase agreement (SPA) for the supply of 3 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to China. Per the SPA, LNG deliveries will commence in Jan. 2025. The deal underscores the commitment of […]
First RSPO IP-Certified Sustainable Palm Oil Shipped to China
(ROSP, 25.Nov.2024) — The very first shipment of RSPO Certified Sustainable Palm Oil (CSPO) arrived at the Shanghai port today. This pioneering effort was spearheaded by Inner Mongolia Yili Industrial Group, Asia’s leading dairy brand and one of the top five globally, in partnership with Yihai Kerry Arawana Holdings Co., […]
Eni Launches Hull of Nguya FLNG in China
(Energy Analytics Institute, 23.Nov.2024) — Italy’s energy giant Eni launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility in Wison‘s shipyard in Nantong, China. In Congo’s Lingala language, “Nguya” means strength, energy, and the ability to deliver projects effectively, reflecting the company’s achievements through its partnership with […]
Mexico Alters its Laws and Removes Chinese Parts
(AP, 23.Nov.2024) — Mexico has been taking a bashing lately for allegedly serving as a conduit for Chinese parts and products into North America, and officials here are afraid a re-elected Donald Trump or politically struggling Canadian Prime Minister Justin Trudeau could try to leave their country out of the […]
Aramco, SINOPEC, and Fujian Break Ground on Refining Project in China
(Aramco, 18.Nov.2024) — Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have broken ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million […]
DXT Commodities Delivers First MedMax LNG Cargo to Asia
(DXT Commodities, 7.Nov.2024) — A ceremony graciously hosted by Dongguan Daosen marked a number of milestones for the partners involved, Shenzhen Gas (via its subsidiary Sino-Benny LPG), DXT Commodities, Hartree Partners and Dongguan Energy (via its subsidiary Dongguan Daosen Natural Gas), in bringing the Dapeng Princess and her cargo from […]
Sinopec’s First Geothermal Power Production Pilot Project Connects to Grid
(Sinopec, 6.Nov.2024) — Sinopec Star Co., Ltd., a clean energy subsidiary of China Petroleum & Chemical Corporation, has received the grid access permit for its medium and deep geothermal power generation pilot project in Xianyang, Shaanxi Province, which is officially connected to the grid to produce power. The project, which […]
Sinopec Hosts Session at 7th China International Import Expo
(Sinopec, 6.Nov.2024) — China Petroleum & Chemical Corporation hosted a forum titled “Building Global Energy Partnerships” and a signing ceremony at the 7th China International Import Expo (CIIE 2024) in Shanghai. The exhibition, running from 5-10 Nov. 2024, is focused on the global energy transition and fostering an open, green, […]
TotalEnergies to Supply 2 mtpa of LNG to Sinopec for 15 Years
(Energy Analytics Institute, 4.Nov.2024) — TotalEnergies signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tonnes per annum (mtpa) of LNG for 15 years, starting in 2028. With the agreement, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the […]
JinkoSolar on Annual Capacities: Solar Cell and Solar Module
(Energy Analytics Institute, 30.Oct.2024) — JinkoSolar Holding Co., Ltd. expects its annual production capacity for mono wafer, solar cell and solar module to reach 120.0 GW, 95.0 GW and 130.0 GW, respectively, by year-end 2024, the company announced 30 Oct. 2024 in its 3Q:24 financial and operational statement. Additionally, as of 30 Oct., […]
JinkoSolar Releases 3Q:24 Financial Results (PDF Downloads)
(JinkoSolar, 30.Oct.2024) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced its unaudited financial results for the third quarter ended 30 Sep. 2024. ____________________
CNOOC Reports Record High Net Production and Net Profit in 3Q:24
(CNOOC Limited, 28.Oct.2024) — CNOOC Limited and 80883 announces its operating results for the third quarter of 2024. In the first three quarters of 2024, CNOOC Limited continued to increase its reserves and production, while effectively controlling costs and enhancing efficiency. Net production and net profit rose remarkably year over […]
CNOOC Brings Online Bozhong 19-2 Oilfield Development Project
(Energy Analytics Institute, 7.Oct.2024) — CNOOC Limited and 80883 said the Bozhong 19-2 Oilfield Development Project has started production. Peak production from the project is expected to be approximately 18,800 b/d of heavy crude oil in 2025, CNOOC said 7 Oct. 2024 in an official statement. The project is located […]
CNOOC Brings Shenhai-1 Phase II Development Online
(Energy Analytics Institute, 27.Sep.2024) — CNOOC Limited said the Shenhai-1 Phase II Natural Gas Development Project has commenced production. The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 m, CNOOC said 27 Sep. 2024 in an official statement. The main […]
China Provides Some Respite as Oil Prices Rise
(Rystad, 24.Sep.2024) — Oil prices are on the rise again, but OPEC’s production cut unwinding still seems far off. Here is Rystad Energy’s oil macro update from Global Market Analysis Director, Claudio Galimberti: “The Chinese government’s announcement of its largest stimulus package since the pandemic, combined with the sudden rise […]
World Manufacturing Convention 2024 Showcases Next-Gen Technologies
(World Manufacturing Convention, 21.Sep.2024) — As technology and innovation converge, a grand feast celebrating the manufacturing industry is commencing. On 20 Sep. 2024, the 2024 World Manufacturing Convention opened its doors at the Hefei Binhu International Convention and Exhibition Center in Hefei, Anhui Province. As a premier event in the manufacturing sector, this […]
US-China Circular Economy Forum Tackles “White Pollution”
(Niutech, 20.Sep.2024) — On 6 Sep. 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from […]
TotalEnergies to Supply 1.25 Mt/y of LNG to CNOOC until 2034
(TotalEnergies, 19.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces a 5-year extension of its sales and purchase agreement (SPA) with CNOOC, for the delivery of 1.25 million tons of LNG per year to China until 2034. Thanks to this agreement, TotalEnergies […]
FACT SHEET: US-Mexico Relations Bilateral Relations
(Bureau of Western Hemisphere Affairs, 16.Sep.2024) – Mexico remains one of the United States’ closest and most valued partners, with a 2,000-mile shared border containing 47 active land ports of entry, and a shared history that has established deep cultural and people-to-people ties over 200 years of diplomatic relations. This […]
QatarEnergy to Build 6 New QC-MAX LNG Vessels in China
(QatarEnergy, 9.Sep.2024) — QatarEnergy signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 6 additional state-of-the-art QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128, including 24 QC-Max mega vessels. The QC-Max vessels, which will be built […]
POWERCHINA Alleviates Harsh Conditions with Construction Projects
(Power Construction Corp. of China, 9.Aug.2024) — Power Construction Corporation of China continues to do its part to alleviate the harsh summer climate change challenges affecting many regions worldwide. The company’s series of construction projects and actions have enhanced the flood control and drought resistance capabilities of various regions in Americas, Africa, and Asia, improved […]
Allison Forms Strategic Partnership to Expand Global Mining Presence
(Allison, 18.Jul.2024) — Allison Transmission has formed a new strategic partnership with Lingong Heavy Machinery Co. Ltd. (LGMG), a prominent Chinese mining equipment manufacturer, to provide industry-leading mining vehicles to customers across the globe. As a next step in the companies’ long-term partnership, LGMG has integrated Allison 6625 Wide Body Dump […]
JinkoSolar to Form a JV with RELC and VI in Saudi Arabia
(JInkoSolar, 16.Jul.2024) – JinkoSolar Holding Co., Ltd. announced that its indirectly majority-owned subsidiary, JinkoSolar Middle East DMCC, has entered into a shareholders agreement (the “Agreement”) with Renewable Energy Localization Company (RELC), a wholly-owned subsidiary of Public Investment Fund (PIF) and the national champion in the manufacturing of renewable and green energy technologies, […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]
JinkoSolar Repurchased 4,503,178 ADSs
(JinkoSolar, 27.Jun.2024) — JinkoSolar Holding Co., Ltd. announced that as of the date of this press release, the company has repurchased a total of 4,503,178 ADSs in an aggregate amount of approximately US$110.7mn in the open market under its share repurchase program announced in July 2022 and the extended share repurchase program announced in Dec. 2023. […]
Petrobras Says FPSO Maria Quitéria en Route to Brazil
(Petrobras, 19.Jun.2024) — Petrobras said the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in the third quarter of this year. The unit is scheduled to begin operations in the last quarter of […]
Nippon Steel on Construction Project for Blue Ammonia Plant in Qatar
(Nippon Steel, 14.Jun.2024) — Nippon Steel Corporation, in a joint endeavor with Sumitomo Corporation, has received orders for high-alloy seamless OCTG that it manufactures for a CCS(Note 1) project intended for a project to construct blue ammonia(Note 2) manufacturing plant (common name: Ammonia 7) that QatarEnergy (Head Office: State of Qatar), an Energy […]
Higher LNG Prices to Limit Asian Demand, WoodMac Says
(WoodMac, 12.Jun.2024) — European gas storage is forecast to reach 100% by the end of September and remain full until the end of October, with an additional 4 million tonnes per annum (mmtpa) of floating storage also accumulated according to a new report by data and analytics company Wood Mackenzie. […]
JinkoSolar’s TOPCon Module Reaches Conversion Efficiency of 25.42%
(JinkoSolar, 11.Jun.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced a significant breakthrough in the development of its N-type TOPCon solar module. Tested by TÜV SÜD, the conversion efficiency for 2 m2 above large-size solar modules has reached 25.42%, setting a new record again. This further reinforces our confidence that N-type […]
JinkoSolar Repurchased 4,203,178 ADSs
(JinkoSolar, 29.Apr.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that as of the date of this press release, the Company has repurchased a total of 4,203,178 ADSs in an aggregate amount of approximately US$104.1mn in the open market under […]
JA Solar Solidifies Partnership with Exel Solar
(JA Solar, 29.Apr.2024) — JA Solar, a leader in the photovoltaic (PV) industry, has entered into a 200MW PV module distribution agreement with Exel Solar, a respected distributor in Mexico. This strengthened partnership, formalized in April 2024, seeks to enhance collaboration between the two companies and support Mexico’s goal of reducing greenhouse gas emissions by 40% […]
CNOOC Limited Achieves Strong Growth
(CNOOC, 25.Apr.2024) — CNOOC Limited (SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced its operating results for the first quarter of 2024. In the first quarter, the company pressed ahead with oil and gas exploration and development, advanced the enhancement of quality and efficiency, and consolidated its advantage […]
JinkoSolar Repurchased 3,246,425 ADSs under Its Share Repurchase Program
(JinkoSolar, 18.Apr.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that as of the date of this press release, the company has repurchased a total of 3,246,425 ADSs in an aggregate amount of approximately US$82.5mn in the open market under its share repurchase program announced in July 2022 and the […]
US Reimposes Venezuela Oil Sanctions
(Argus, 17.Apr.2024) — The US administration today reimposed sanctions targeting Venezuela’s oil exports and energy sector investments and set a deadline of 31 May for most foreign companies to wind down business with state-owned PdV. The US decision rescinds a sanctions waiver issued last October, which allowed Venezuela to sell […]
Xi Jinping on the Belt and Road Initiative and Readers in Chile
(Beijing Review, 13.Apr.2024) — The Spanish edition of Xi Jinping on the Belt and Road Initiative is helping Latin American countries better understand and participate in the China-proposed Belt and Road Initiative (BRI), officials and scholars said at a seminar held for readers to share their ideas in Santiago, Chile, […]
China Remains the Clear Energy Transition Leader
(BloombergNEF, 10.Apr.2024) — Despite posting only modest growth in 2023, China remains by far the largest market for energy transition spending, reaching $676bn in 2023, according to a report by BloombergNEF. This is 38% of the global total. The US is the second-largest funding destination for energy transition technologies, with […]
CERAWeek 2024 Boasts Delegate Attendance of 8,100+
(Energy Analytics Institute, 22.Mar.2024) — The CERAWeek by S&P Global, held 18-22 Mar. 2024 in Houston, Texas, boasted in attendance 8,100+ delegates (9,400+ when counting staff, vendors etc), a record compared to the prior record of 7,200+ delegates at CERAWeek 2023. CERAWeek counted on 1,400 speakers and tons of S&P […]
Carbon Intensity Regulation to Make, Break Low-carbon Hydrogen Market
(WoodMac, 15.Feb.2024) — The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its colour, according to Wood Mackenzie’s Horizons report ‘Over the rainbow: Why understanding full value-chain carbon intensity is trumping the colour of […]
JinkoSolar Licenses TOPCon Patents to Solar Cell Company
(JinkoSolar, 6.Feb.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its affiliated company has recently signed a TOPCon patent license agreement with one of the world’s top five solar cell companies (“Licensee”), granting rights to certain of its N-type TOPCon related patents to Licensee for a fee, allowing Licensee to […]
JinkoSolar Repurchased 400,000 ADSs
(JinkoSolar, 5.Feb.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that between 20 Dec. 2023 and 2 Feb. 2024, the company repurchased 400,000 American depositary shares of the company (the “ADSs”) in an aggregate amount of approximately US$11.8mn in the open market under its previously announced extended share repurchase program. […]
JinkoSolar Promotes Technology Through TOPCon Patent Transaction
(JinkoSolar, 5.Jan.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its affiliated company has recently granted rights to certain of its N-type TOPCon (Tunnel Oxide Passivated Contact)-related patents to one of the top ten solar module companies in the world (“Licensee”) with reasonable license fee arrangement, allowing Licensee to use certain […]
XCMG Commissions World’s First New Energy Loader Production Line
(XCMG, 26.Dec.2023) — XCMG Machinery (SHE: 000425, “XCMG”) has officially inaugurated the XCMG Loading Equipment Research Institute and commissioned the world’s first new energy loader production line in Xuzhou, China. “The Institute will play a vital role in the transformation and upgrade of the industry centered on green, intelligent, high-end, […]
China’s Solar Production Costs Fall by 42% in Last Year
(WoodMac, 14.Dec.2023) — The cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W) giving manufacturers in the country an enormous cost advantage over international rivals according to a new Horizons report from Wood Mackenzie. The report: ‘Top of […]
![CGTN: On Climate Change, “We’re Running Out of Time, Not Options” [Video]](https://energy-analytics-institute.org/wp-content/uploads/2020/11/sempra-and-salk-source-sempra-scaled.jpg)
CGTN: On Climate Change, “We’re Running Out of Time, Not Options” [Video]
(CGTN, 2.Dec.2023) — Beijing, the strong, fast-beating heart of Chinese prosperity, has been known as a safe and stable city free from natural calamities. But not the summer of 2023. Throughout the season, the mercury soared, with daily highs consistently hitting over 40°C. Then as the capital had a relative […]
China Slows Venezuela Crude Buys
(Reuters, 23.Nov.2023) — The suspension of U.S. sanctions on Venezuelan oil has rattled its biggest customers, China’s independent refiners, who are now holding off on making new purchases amid wide discrepancies in offer prices, trading sources say. The independent refiners have for years bought Venezuelan oil at steep discounts, but since Washington lifted […]
![The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Venezuela-requests-the-extradition-of-former-PDVSA-president-Rafael-Ramirez.jpg)
The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]
(Rafael Ramírez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector that had been in place since Jan. 2019. The OFAC measure is of a temporary nature, for a period of six months, subject to compliance […]
Cheniere and Foran Energy Ink Long-Term LNG SPA
(Cheniere, 2.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Foran Energy Group Co. Ltd. Under the SPA, Foran has agreed to purchase approximately 0.9 million tonnes per annum […]
EAI’s NRGBriefs: Oct. 2023
(Energy Analytics Institute, 31.Oct.2023) — Energy briefs as well as others related to finance and projects during October 2023 including Vista‘s third quarter 2023 earnings presentation; the long-awaited Citgo Petroleum auction; Colombia’s first seabed allocation competitive process for offshore wind energy; former Trinidad and Tobago energy minister Kevin Ramnarine on […]
JinkoSolar Announces 3Q:23 Financial Results
(JinkoSolar, 30.Oct.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its unaudited financial results for the third quarter ended 30 September 2023. Third Quarter 2023 Business Highlights Leveraging our outstanding N-type technology, extensive global operation network, and advanced integrated capacity structure, module shipments in the third quarter increased 20.4% sequentially and 107.9% year-over-year. […]
Asia May Have Little to Cheer from Lifting of Venezuelan Oil Sanctions
(S&P Global, 30.Oct.2023) — Asia may have little to cheer following the lifting of the sanctions on Venezuelan oil as increased competition for those Latin American cargoes could potentially make it difficult for buyers like China and India to source incremental cargoes from the supplier, prompting them to look at […]
Jinko Solar Reveals Some Estimates of Preliminary Financial Results
(JinkoSolar, 18.Oct.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its majority-owned principal operating subsidiary Jinko Solar Co., Ltd. (Jiangxi Jinko) published estimates of certain preliminary unaudited financial results for the nine months ended 30 September 2023. For the nine months ended 30 September 2023, (i) the preliminary unaudited net […]
WGC2023 Publishes Beijing Declaration
(Sinopec, 20.Sep.2023) — The 7th World Geothermal Congress (WGC2023), hosted by China Petrochemical Corporation (Sinopec Group), has officially published the world’s first geothermal industry standards (the “Standards”) and Beijing Declaration during the closing ceremony in Beijing. The release of the Standard and Beijing Declaration is defining the principles and adding momentum to the sustainable, […]
Petrobras Inks Deal with CDB and Bank of China
(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras’ supply chain, and (iii) increasing and facilitating commercial and financial exchanges […]
Welligence Reveals LNG Outlook to 2030
(Welligence Energy Analytics, 7.Jul.2023) — Our LNG outlook report, published this week to clients, reveals key insights into the industry’s future. Can the LNG market overcome increasingly scarce supply, adapt to more concentrated production, embrace progressively floating infrastructure and meet Net Zero pressures? Growing LNG competition from Asian importers will keep gas prices elevated, averaging over US$13/MMbtu in Europe, […]
Mexico Pacific and Zhejiang Ink Long-Term LNG SPA
(Mexico Pacific, 5.Jul.2023) — Zhejiang Energy International Limited and Mexico Pacific Limited signed a sales and purchase agreement for Zhejiang Energy to offtake 1.0 million tons per year (MTPA) of liquefied natural gas (LNG) from Mexico Pacific’s anchor LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico.Under the sales […]
Cheniere and ENN Sign Long-Term LNG SPA
(Cheniere, 26.Jun.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte. Ltd., a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. Under the SPA, ENN LNG […]