It is reported that Mongolia is seeking for signing gas contract with China in August which will expand energy supply in China, the second largest economic entity in the world and reinvigorate foreign investments in Mongolia. Recently, when Erdenebulgan Oyun, the vice minister of Ministry of Mine of Mongolia was interviewed in Ulan Bator, he showed that the contract included two coal gas plants whose 95% of output would be transmitted to China through pipes. The plants are estimated...
Mongolia Expects to Sign Gas Supply Contract with China Read
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Currently, valve manufacturers are lack of innovation in China, impeding the development of valve industry. Nowadays, many valve manufacturers innovate less after introducing advanced technology. When overseas clients visit China’s heavy industry projects such as power and petroleum, they find that amount of valve products are just modified on the basis of prototype designed in the Western. China’s valve industry has low design level. Although key manufacturers have particular conditions...
Valve Manufacturers Should Enhance Innovation in China Read
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Modi government attaches great importance to gas from Iran. Oil Ministry has ever proposal to restart the construction of gas pipe from Iran to India crossing though Pakistan. That is the third gas pipe that new Indian government strives to build. Three months ago, Modi government supported the idea about building gas pipe from Turkmenistan to India crossing though Afghanistan and Pakistan. Otherwise, Modi government also brings the construction of gas pipe from Russia to India into the agenda...
Gas from Iran Will Strengthen Energy Safety in India Read
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Global price of crude oil had ever reached the highest level since 9 moths, after ISIS (Islamic State of Iraq and the Levant) capturing the northern of Iraq. If output of crude oil in Iraq is reduced by 1/3, global prices of crude oil will be increased by 40 USD per barrel, which may strike tender global economy catastrophically. On the press conference, June 19, Obama, the President of the United States listed various reasons for restraining ISIS. One of the reasons was to ensure stability...
A New Oil Crisis May Be Caused by ISIS Read
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Interim report of annual gas market published by IEA shows that global demands for gas are estimated to be increased annually by 2.2% by the end of 2019. LNG (liquefied natural gas) can meet most of demands for gas. New-built gas pipeline can also play an import role in meeting the demands for gas, resulting in changing conventional leading role of suppliers in every country. Private suppliers in Australia, Canada and the U.S. lead global LNG trade. By 2019, global LNG trade scale will be...
Global Demands for Gas Will be Increased Annually By 2.2% Read
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On last Friday, Ukrainian government said that Ukraine would need to import 7.23 cubic meters of gas from August in this year to March in the next year to ensure its own economy run smoothly during high demand seasons. Ukrainian government predicts that most of gas will be imported from Europe through several gas pipelines. The reason is that supplying gas from Russia has already been cut down to zero on June 16th because of dispute on gas prices and schedule of debt payments with Russia....
Ukraine Will Import 7.23 Cubic Meters of Gas Read
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It is reported that a gas pipe Vojany will be fully operational in September to transmit gas from EU to Ukraine. Thomas Marecek, the chairman of Eustrem showed that gas pipe Vojany originated from Slovakia was planned to supply 10 billion cubic meters gas to Ukraine annually before 2019. The gas pipe is estimated that will transmit from 8 trillion cubic meters to 10 trillion cubic meter gas at the first quarter of 2015 at the latest. The gas pipe is estimated to transmit gas to Ukraine...
EU Will Supply Gas to Ukraine through Gas Pipe Vojany Read
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It is reported that Power of Siberia gas pipe will begin to be built in August to supply gas to China. Gas being supplied to China will be exploited at Chayandinskoye gas field in the eastern Siberia. Currently, equipment installation is being prepared busily in gas fields. Protocol of design documents is close to end. Survey is being carried out. It is estimated that the first gas will be sent to China in 2018. In May 2014, Gazprom signed gas contract with CNPC for 30 years. According...
Power of Siberia Gas Pipe Will Begin in August Read
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With the help of huge investments and equipments from China, Turkmenistan plans to improve output of gas substantially and export 65 billion cubic meters to China annually before 2020. It is reported that proven gas reserves are 17.5 billion cubic meters in Turkmenistan, ranking at the fourth position in the world, next to Iran (33.8 billion cubic meters), Russia (31.3 billion cubic meters) and Qatar (24.7 billion cubic meters). However its level of gas exploration falls behind other countries....
China Helps Turkmenistan Improve Output of Gas Read
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On June 17th, Canadian government approved to build a new oil pipeline named as Northern Gateway from oil fields in northwest of Canada to Canadian coast in order to export oil to countries in Asian-pacific areas, mainly to China. Currently, ally of oil exploited in Canada are supplied to the U.S.. Stephen Harper, the Prime Minister of Canada positions Canada as emerging energy superpower, striving for expanding oil export market. He thinks that is about Canadian national interests. ...
Canadian Government Approved Northern Gateway Oil Pipeline Read
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