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The Chinese authorities will build 34 terminals of liquefied natural gas (LNG) by 2035, which will increase LNG imports four times over 20 years. The total capacity of the terminals will be 247 million tons. Shanghai Oil and Gas Exchange published data of the Ministry of Transport on its website with a reference to the Southern Energy Observer. Growth in consumption in the industrial sector allowed China to increase its natural gas imports by 32%. Sanford C. Bernstein & Co. claims that two-thirds gas demand growth in 2018 was due to China. The country imported 67.5 million tons of LNG last year. Source Bloomberg reports that China will build two types of terminals: 13 very large objects and another 21 objects with less power.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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