The Global Energy Interconnection has been developed rapidly; The “three barrels of oil” in China all experienced large drop in net profits last year.
(2016/03/28-2016/04/03)
Review of International Energy News
---- The 2016 International Conference on Global Energy Interconnection was successfully held in Beijing on March 30 to 31..
---- China, Japan and Korea signed the Memorandum of Cooperation in Northeast Asia interconnection on the 2016 International Conference on Global Energy Interconnection, which indicates that the global energy interconnection pushed by China in recent years will probably take the lead landing in Northeast Asia.
---- GE became an independent renewable energy group after its acquisition of Alston.
---- President Joko Widodo of Indonesia approved the energy reserve fund plan.
Review of Domestic Energy News
----The 2016 Clean Energy Expo China (CEEC) was held in Beijing on March 29.
---- The net profits of China National Petroleum Corporation, Sinopec Group and China National Offshore Oil Corporation all declined in 2015.
---- China National Offshore Oil Corporation are focusing on domestic market under the pressure of low price of oil.
------ Renewable energy generation has the highest priority scheduling level in China.