[02/28]China further elaborate on establishing the global energy internet; China will actively promote supply-side structural reforms in energy sector-Weekly Energy News-Center for Energy and Environmental Policy Research

[02/28]China further elaborate on establishing the global energy internet; China will actively promote supply-side structural reforms in energy sector

Author：Xiaoying Hu Source：ceep Date：2016-02-29 Views：

China further elaborate on establishing the global energy internet; China will actively promote supply-side structural reforms in energy sector

（2016/2/22-2015/2/28）

Review of International Energy News
-----On February 25, Zhenya Liu, the chairman of China’s State Grid Corporation, elaborated on the strategic affirmations of establishing the global energy Internet and pushing for the world's energy reform at IHS Cambridge Energy Week conference.
-----Saudi Arabia Oil Minister Ali al-Naimi said that there was not a possibility of oil production cut, so the crude oil futures prices have declined 4.6% on March.
-----The US shale oil production will go up again after 2017.

Review of Domestic Energy News
-----The China National Energy Board will actively promote supply-side structural reforms in energy sector in 2016.
-----There’s a warming trend of domestic photovoltaic industry in China to accelerate mergers and acquisitions.
-----Recently the executive meetings of State Council have made decisions to further support the development of new energy industries from automotive battery, charging infrastructure, financial subsidies and other five areas.