Since nearly 200 parties to the United Nations Framework Convention on Climate Change reached the Paris Agreement at the UN Climate Change Conference in Paris in 2015,the parties have successively established goals to...Since nearly 200 parties to the United Nations Framework Convention on Climate Change reached the Paris Agreement at the UN Climate Change Conference in Paris in 2015,the parties have successively established goals to achieve carbon neutrality by the middle of the 21st century.Therefore,transforming from high-carbon-emitting fossil fuels to low-carbon or even zero-carbon-emitting renewable energy sources has become a crucial pathway for reducing carbon emissions and achieving carbon peak and neutrality.展开更多
Over the past decade since the Belt and Road Initiative was proposed,oil and gas cooperation continued to be deepened and solidified.China National Petroleum Corporation(CNPC)successively established three major oil a...Over the past decade since the Belt and Road Initiative was proposed,oil and gas cooperation continued to be deepened and solidified.China National Petroleum Corporation(CNPC)successively established three major oil and gas operation centers in Europe,the Americas,and Asia-Pacific,completed and put into operation the China-Russia Oil and Gas Pipeline in Northeast China,the China-Kazakhstan Crude Oil Pipeline and the China-Central Asia Gas Pipeline in Northwest China,the Myanmar-China Pipeline in Southwest China,and the maritime pipelines that transport imported oil and gas from Africa,the Middle East,Australia,and other places to the eastern coastal areas,and invested in constructing five major oil and gas cooperation areas in Central Asia-Russia,the Middle East,Africa,the Americas,and Asia-Pacific,achieving fruitful results and laying a foundation for ensuring China’s energy security.展开更多
In March of this year,the National Energy Administration issued the“Action Plan for Accelerating the Integrated Development of Oil and Gas Exploration and Development and New Energy(2023-2025)”.The plan proposes to ...In March of this year,the National Energy Administration issued the“Action Plan for Accelerating the Integrated Development of Oil and Gas Exploration and Development and New Energy(2023-2025)”.The plan proposes to coordinate the promotion of oil and gas supply security and green development,with a clear focus on stabilizing oil,increasing gas,and improving the supply capacity of oil and gas resources as the foundation.展开更多
China has quickly risen to the top ranks in global energy demand over the past few years.China is the world’s second-largest oil consumer behind the United States and became the largest global energy consumer in2010....China has quickly risen to the top ranks in global energy demand over the past few years.China is the world’s second-largest oil consumer behind the United States and became the largest global energy consumer in2010.In 2015,China introduced new regulations to pave the way for smaller refining firms to import crude oil,as it looks to encourage private investment in a sector dominated by big state-owned firms.Under the展开更多
The Report to the 20th National Congress of the Communist Party of China sends us a clear-cut message that we should strengthen the security capacity building in important fields to ensure the security of food,energy,...The Report to the 20th National Congress of the Communist Party of China sends us a clear-cut message that we should strengthen the security capacity building in important fields to ensure the security of food,energy,and key industrial and supply chains.We should pursue green development,accelerate the transition to a green model and adjust the structures of industry,energy and transportation.Based on China’s energy and resource endowment,we should advance initiatives to reach the carbon peak in a well-planned and phased way in line with the principle of building the new before discarding the old.We should work harder to bring together enterprises,universities and research institutes with the first one playing the leading role,promote the application and industrialization of scientific and technological advances,ensure that enterprises take the lead in making innovations,and further integrate the chain of innovation with industrial,capital and human resource chains.These requirements make clear the direction of development for oil and gas enterprises.In keeping with the guidance in practice,we need to set out science-based plans for future development,continue to lay great emphasis on energy security.展开更多
In 2021,the futures price of the global crude oil price benchmarks,Brent and WTI,rose by 50.63%and 55.72%respectively,then continued in an upward trend in 2022 to hit a new high since 2008,reaching USD 139.13/barrel a...In 2021,the futures price of the global crude oil price benchmarks,Brent and WTI,rose by 50.63%and 55.72%respectively,then continued in an upward trend in 2022 to hit a new high since 2008,reaching USD 139.13/barrel and USD 130.5/barrel respectively;the Dutch TTF Natural Gas Futures price,the European natural gas price benchmark,rose by 267.85%,reaching a high in the year of 187.785 EUR/MW·h,up by 881.99%,then continued in an upward trend in 2022,reaching 345 EUR/MW·h,with a highest increase of 390.45%;even though the current price has fallen back,it remains at 100 EUR/MW·h.展开更多
2021 is destined to be an eventful year in the international energy markets which are swept by remarkably rising prices of all energy products, including fossil fuels such as oil, natural gas, and coal. A global energ...2021 is destined to be an eventful year in the international energy markets which are swept by remarkably rising prices of all energy products, including fossil fuels such as oil, natural gas, and coal. A global energy shortage has put the current international energy governance under serious controversy. How to restore the stable operation of international energy markets and reduce energy price fluctuations by strengthening international energy governance-that’s a question.展开更多
Since the beginning of this year,the National Development and Reform Commission and other departments have jointly issued the“Opinions on Promoting the Green Development of the Belt and Road”Initiative and“Opinions...Since the beginning of this year,the National Development and Reform Commission and other departments have jointly issued the“Opinions on Promoting the Green Development of the Belt and Road”Initiative and“Opinions on Improving Institutions,Mechanisms,and Policy Measures for Energy Green and Low-Carbon Transformation”.展开更多
Since 2020,achieving peak carbon dioxide emissions and carbon neutrality has been a hot topic in the global media.Many countries and international companies have put forward the goal of achieving carbon neutrality by ...Since 2020,achieving peak carbon dioxide emissions and carbon neutrality has been a hot topic in the global media.Many countries and international companies have put forward the goal of achieving carbon neutrality by the middle of this century,and are starting to formulate specific implementation paths to promote the achievement of this goal.At the same time,international cooperation on carbon emission reduction has become an important topic for international leaders’meetings and summits.In this context,how to make full use of the platform of the Belt and Road Initiative,incorporate carbon emission reduction into the scope of cooperation,establish a cooperation mechanism and work to effectively reduce the carbon emission intensity of the economic and social development of countries along the route will be of great significance for the implementation of the green development advocated by the Belt and Road Initiative.展开更多
This year,international oil prices have continued the upward trend of last year.The Brent and WTI futures prices,two international crude oil price benchmarks,reached USD139.13/barrel and USD 130.5/barrel respectively ...This year,international oil prices have continued the upward trend of last year.The Brent and WTI futures prices,two international crude oil price benchmarks,reached USD139.13/barrel and USD 130.5/barrel respectively in March,hitting new highs since the US subprime mortgage crisis in2008 and remaining at a high level of above USD 100/barrel.展开更多
At present,many countries have proposed achieving the goal of net zero carbon emissions by the middle of this century.International oil and gas enterprises,represented by European oil companies,have also proposed tran...At present,many countries have proposed achieving the goal of net zero carbon emissions by the middle of this century.International oil and gas enterprises,represented by European oil companies,have also proposed transforming their traditional oil and gas industries,and committed themselves to achieving the goal of net zero carbon emissions by the middle of this century.As a result,since the 1990s when the scientific community reached a consensus on the impact of greenhouse gas emissions such as CO2 on global climate change,the control of CO2 emissions has become more specific.The process from policy proposal to policy formulation and then to policy implementation has been completed.In current society,oil and gas enterprises are the producers of pillar energy products.It is particularly important to deal with the imbalance and insufficiency between the transition and development of enterprises and the energy demands for the transition of human society to green and low-carbon development.展开更多
On September 20,Shell announced that it would sell all its oil and gas assets in the Permian Basin,the main shale oil producing region in the United States(US),to ConocoPhillips,the world’s largest independent explor...On September 20,Shell announced that it would sell all its oil and gas assets in the Permian Basin,the main shale oil producing region in the United States(US),to ConocoPhillips,the world’s largest independent exploration and production(E&P)company.This has been the latest case of heating up international oil and gas M&A driven by the continuous rise of international crude oil prices since early this year.展开更多
文摘Since nearly 200 parties to the United Nations Framework Convention on Climate Change reached the Paris Agreement at the UN Climate Change Conference in Paris in 2015,the parties have successively established goals to achieve carbon neutrality by the middle of the 21st century.Therefore,transforming from high-carbon-emitting fossil fuels to low-carbon or even zero-carbon-emitting renewable energy sources has become a crucial pathway for reducing carbon emissions and achieving carbon peak and neutrality.
文摘Over the past decade since the Belt and Road Initiative was proposed,oil and gas cooperation continued to be deepened and solidified.China National Petroleum Corporation(CNPC)successively established three major oil and gas operation centers in Europe,the Americas,and Asia-Pacific,completed and put into operation the China-Russia Oil and Gas Pipeline in Northeast China,the China-Kazakhstan Crude Oil Pipeline and the China-Central Asia Gas Pipeline in Northwest China,the Myanmar-China Pipeline in Southwest China,and the maritime pipelines that transport imported oil and gas from Africa,the Middle East,Australia,and other places to the eastern coastal areas,and invested in constructing five major oil and gas cooperation areas in Central Asia-Russia,the Middle East,Africa,the Americas,and Asia-Pacific,achieving fruitful results and laying a foundation for ensuring China’s energy security.
文摘In March of this year,the National Energy Administration issued the“Action Plan for Accelerating the Integrated Development of Oil and Gas Exploration and Development and New Energy(2023-2025)”.The plan proposes to coordinate the promotion of oil and gas supply security and green development,with a clear focus on stabilizing oil,increasing gas,and improving the supply capacity of oil and gas resources as the foundation.
文摘China has quickly risen to the top ranks in global energy demand over the past few years.China is the world’s second-largest oil consumer behind the United States and became the largest global energy consumer in2010.In 2015,China introduced new regulations to pave the way for smaller refining firms to import crude oil,as it looks to encourage private investment in a sector dominated by big state-owned firms.Under the
文摘The Report to the 20th National Congress of the Communist Party of China sends us a clear-cut message that we should strengthen the security capacity building in important fields to ensure the security of food,energy,and key industrial and supply chains.We should pursue green development,accelerate the transition to a green model and adjust the structures of industry,energy and transportation.Based on China’s energy and resource endowment,we should advance initiatives to reach the carbon peak in a well-planned and phased way in line with the principle of building the new before discarding the old.We should work harder to bring together enterprises,universities and research institutes with the first one playing the leading role,promote the application and industrialization of scientific and technological advances,ensure that enterprises take the lead in making innovations,and further integrate the chain of innovation with industrial,capital and human resource chains.These requirements make clear the direction of development for oil and gas enterprises.In keeping with the guidance in practice,we need to set out science-based plans for future development,continue to lay great emphasis on energy security.
文摘In 2021,the futures price of the global crude oil price benchmarks,Brent and WTI,rose by 50.63%and 55.72%respectively,then continued in an upward trend in 2022 to hit a new high since 2008,reaching USD 139.13/barrel and USD 130.5/barrel respectively;the Dutch TTF Natural Gas Futures price,the European natural gas price benchmark,rose by 267.85%,reaching a high in the year of 187.785 EUR/MW·h,up by 881.99%,then continued in an upward trend in 2022,reaching 345 EUR/MW·h,with a highest increase of 390.45%;even though the current price has fallen back,it remains at 100 EUR/MW·h.
文摘2021 is destined to be an eventful year in the international energy markets which are swept by remarkably rising prices of all energy products, including fossil fuels such as oil, natural gas, and coal. A global energy shortage has put the current international energy governance under serious controversy. How to restore the stable operation of international energy markets and reduce energy price fluctuations by strengthening international energy governance-that’s a question.
文摘Since the beginning of this year,the National Development and Reform Commission and other departments have jointly issued the“Opinions on Promoting the Green Development of the Belt and Road”Initiative and“Opinions on Improving Institutions,Mechanisms,and Policy Measures for Energy Green and Low-Carbon Transformation”.
文摘Since 2020,achieving peak carbon dioxide emissions and carbon neutrality has been a hot topic in the global media.Many countries and international companies have put forward the goal of achieving carbon neutrality by the middle of this century,and are starting to formulate specific implementation paths to promote the achievement of this goal.At the same time,international cooperation on carbon emission reduction has become an important topic for international leaders’meetings and summits.In this context,how to make full use of the platform of the Belt and Road Initiative,incorporate carbon emission reduction into the scope of cooperation,establish a cooperation mechanism and work to effectively reduce the carbon emission intensity of the economic and social development of countries along the route will be of great significance for the implementation of the green development advocated by the Belt and Road Initiative.
文摘This year,international oil prices have continued the upward trend of last year.The Brent and WTI futures prices,two international crude oil price benchmarks,reached USD139.13/barrel and USD 130.5/barrel respectively in March,hitting new highs since the US subprime mortgage crisis in2008 and remaining at a high level of above USD 100/barrel.
文摘At present,many countries have proposed achieving the goal of net zero carbon emissions by the middle of this century.International oil and gas enterprises,represented by European oil companies,have also proposed transforming their traditional oil and gas industries,and committed themselves to achieving the goal of net zero carbon emissions by the middle of this century.As a result,since the 1990s when the scientific community reached a consensus on the impact of greenhouse gas emissions such as CO2 on global climate change,the control of CO2 emissions has become more specific.The process from policy proposal to policy formulation and then to policy implementation has been completed.In current society,oil and gas enterprises are the producers of pillar energy products.It is particularly important to deal with the imbalance and insufficiency between the transition and development of enterprises and the energy demands for the transition of human society to green and low-carbon development.
文摘On September 20,Shell announced that it would sell all its oil and gas assets in the Permian Basin,the main shale oil producing region in the United States(US),to ConocoPhillips,the world’s largest independent exploration and production(E&P)company.This has been the latest case of heating up international oil and gas M&A driven by the continuous rise of international crude oil prices since early this year.
