China recently discovered that it has the largest shale gas reserves of any country in the world. Shale gas is a type of natural gas that is trapped within the microscopic pores of shale formations in the ground. Royal Dutch Shell CEO Peter Voser claims that the oil & gas company will spend $1 billion… Continue reading RDS to Spend $1 Billion on Shale Gas Development in China
A large private Chinese firm called ENN Group has plans to build 50 natural gas stations in the United States this year. The move is designed to capture a share of the heavy-duty truck fueling market that uses natural gas, which is cheap and abundant in the United States. In order to build a natural… Continue reading Chinese Firm Invests in U.S. Natural Gas Stations
Barclays estimates that China’s demand for oil will grow 5% in the year 2013. China National People’s Congress expects modest growth across Chinese industries, as a whole, but does not expect any decrease in China’s need for oil. China is the world’s largest energy consumer and the second biggest consumer of oil, using 9.8 million… Continue reading China Oil Demand to Grow 5% This Year
A consulting firm called the Rhodium Group recently released a report that looked at China’s CO2 emissions, energy trends, and energy policies. China is in the process of implementing its 12th Five Year Plan, which set a variety of energy emission reduction targets, including curbing CO2 output. The plan began in 2011 and concludes in… Continue reading China’s Energy Report
Africa is currently the world’s largest untapped market. American businesses should be rapidly expanding into Africa, but they are not succeeding. Why is this?
China’s coal industry achieved production growth of 4% in the year 2012 (3.66 billion metric tons). This growth is a good sign for a recovering industry, but growth was still 4.7% less than the previous year, according to the China National Coal Association. Industrial indicators point to stock prices of coal as a main reason… Continue reading China’s Coal Industry Faces Challenges
China, the world’s second largest economy, saw foreign investment fall 4% in 2012, the first drop since the global financial crisis began. The shift was from the record $116 billion in 2011 to $111.7 billion in 2012, and does not necessarily mean that investor confidence in China is waning. Having more than doubled sincd China… Continue reading Foreign Investment in China Declines in 2012