Review of International Energy News
◆ Europe has not been ready to develop shale gas while it will probably change the world energy structure.
◆ American Petroleum Institute (API) reported on this Thursday that America’s crude oil imports dropped to 7.8 million barrels, a 16-year low, in February.
◆ Cheng Guoping, the Deputy Foreign Minister of China, revealed that the east gas pipeline project between China and Russia had been made breakthroughs.
◆ Researchers in Tomsk Polytechnic University of Russia announced that they, cooperating with Chinese fellows, have developed a novel method to extract shale gas and shale oil more cheaply and more environmentally friendly.
Review of Domestic Energy News
◆ The 13th China International Petroleum and Petrochemical technological Equipment Exhibition (CIPPE) opened on March 19.
◆ On March 21, PetroChina Co. published its performance in 2012, showing that its net profit in 2012 reached 115.326 billion Yuan, down 13.3% year-on-year.
◆ SunTech Power in Wuxi, once the world’s largest photovoltaic module maker, filed bankruptcy on March 18.
◆ Domestic oil prices will probably fall next week as international oil prices have kept the trend of decline.
◆ It is reported that the fact that the imports of coal have consistently risen in 2013 leads to the depression of domestic coal market.
