Review of International Energy News
◆Renaissance gas field, the second largest single gas field, has been built by China National Petroleum Corporation, indicating a promising cooperation between China and Turkmenistan in energy.
◆Barclays Plc predicts in a report that oil prices in 2014 will probably stay high under the circumstances of regional political turbulence.
◆ Japan’s Ministry of Economy, Trade and Industry (METI), mandates that the budget of clean energy should raise 62% to relieve the strait of developing power generating projects.
◆ India has been discussing with several countries on the possibility of trading system in Rupee terms, expecting to stabilize the exchange rate of Rupee and lower the current account deficits of India.
Review of Domestic Energy News
◆The coming subsidy policies on new energy automobiles stimulate the relative stocks to rise.
◆ Sinopec has made the plan to invest about 22.9 billion yuan to environmental protection fields.
◆Ye Qi-zhen, an academician in Chinese Academy of Engineering, claim that China will build another 18 nuclear power units during the period of the 13th Five-Year Plan.
◆Coal industry continues to deteriorate with the sluggish market demand and the depressing market price in the first half of the year.
