Review of International Energy News

◆According to the latest forecast of IEA, the international oil supply will be tight owing to the increasing energy demand of China and the decline of OPEC production.

◆According to the data released by the American Petroleum Institute, the oil deliveries of America in 2012 have fallen to the lowest level since 1996, a daily average of 18.6 million barrels.

◆Japan’s Ministry of Economy, Trade and Industry has made the decision to establish a national electricity supply and demand adjustment mechanism.

◆Linc Energy in Australia announced that a huge shale oil field was found in the Australian outback.

◆Solar photovoltaic power producers in Spain will be asked to pay energy tax of 7% by Spain's new Energy Law.

Review of Domestic Energy News

◆Ministry of Environmental Protection will focus on the prevention and control of PM2.5 this year, the Environment Minister Zhou Shengxian said on Jan. 24.

◆The Twelfth Five-year Plan on Energy Development put forward the dual control of energy consumption intensity and total consumption.

◆The task of China’s main pollutant emission reduction was completed in 2012, according to the statement of the Ministry of Environmental Protection.

◆Recently full flow test of crude oil futures has been officially launched, according to media reports.

◆Upon the consent of the State Council, the dual system of prices for electricity and coal has been cancelled since 2013.