Review of International Energy News

◆ Carbon emissions of the U.S.A increased to the lowest level since 1994 mainly because thermal power has been cut down.

◆ The U.S.A demand for oil in Jan has fell down to the bottom level since 1995.

◆ Natural gas of the East Europe draws much attention by many energy magnates, which triggers cross-bound cooperation.

◆ A survey in Japan shows that 70% Japanese approve to close nuclear power stations.

Review of Domestic Energy News

◆ China will embrace the natural gas price rise, and the increases might be confined within RMB 0.2~0.5 per cubic square.

◆ China’s National Energy Bureau will focus on several issues in 2013 as follows: increase domestic energy supply, for example, explore coal mine with security, promote the unconventional oil gas resources such as the shale gas; develop the renewable energy; control the national total energy consumption; enhance energy technology innovation; promote the national system reform; encourage international collaboration pertinent to energy;

◆ PetroChina enters into a set of agreements with Conoco Phillips under which, PetroChina will acquire 20% interest in the Poseidon offshore discovery in the Browse Basin and 29% interest in the Goldwyer Shale onshore Canning Basin, both in Western Australia.