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The gulf countries’ oil production increased, China will invest 5 billion RMB to control air pollution
Author: Source: Date:2014-07-17 Views:
Review of International Energy News

◆ The gulf countries’ oil production increased again, which broke the prophecy that US’s shale gas revolution will lower the gulf countries’ status in the world oil market.

◆ Europe is gradually achieving its goal that 20 percent of power consumption are generated from renewable sources by the end of 2020.

◆ As a result of changes in international energy market, Japan's energy strategy is likely to limit the scope of China's naval activities.

◆ Technologies of wind generation achieved a breakthrough that new wind turbine blades produced by Vestas could generate up to 8MW.

Review of Domestic Energy News

◆ China will invest 5 billion RMB to control air pollution in Beijing, Tianjin, Hebei and other three regions.

◆ Coal prices began to rise after a year-long price reduction strategy, for which the demand increasing is the most direct reason.

◆ Longmei Coal Industry Group signed a cooperation agreement with the Russian SUEK company on the next year’s coal trading.

◆ According to National Energy Administration, the social power consumption in the first three quarters is higher than that of the corresponding period of last year.