Energy & Resources Talking Points 06-01-2016

Qatar transitions to efficiency with its LNG With increased production from the United States and Australia expected to overtake Qatar as the world’s largest natural gas exporters, Qatar looks to focus more on its efficiency, with low cost production and geographic location to maintain its place. Qatar shipped 76.4 million tons of natural gas in …

Energy & Resources Talking Points 16-12-2015

16-12-15 Japan to go back to nuclear Japanese nuclear reactors are set to restart and increase percentage renewables in their energy make up. Japanese natural gas imports will drop to 77 million mt by 2020 from a record high of 86 million mt in 2014. Kyushu Electric restarted some of its reactors after a 23-month …

President’s Oil and Gas Dialogue and Reception

The 13th Five Year Plan has implications for the oil and gas industry. In addition to policy changes in China, the drop in oil prices means oil companies across the world are faced with reduced profits, cutting budgets and staff as well as adjusting exploration and production strategies. AmCham China in partnership with AustCham Beijing …

Energy & Resources Talking Points 09-12-2015

09-12-15 Crude oil prices plummet Crude oil prices hit 7 year lows, on the back of the OPEC summit held in Vienna. OPEC’s decision to keep production at high levels has led to oversupply, whilst some see it as a natural downward pressure on the value of oil. Whilst China has experienced some economic slowdown …

Energy & Resources Talking Points 02-12-15

China the new leader in climate change From a reluctant partner and stumbling block in the previous Copenhagen climate talks, to leader come this time in Paris, China is taking a lead in a crucial issue affecting the world today and more so the future. Many promising Chinese government announcements lead to a promising outlook, …

Energy & Resources Talking Points 25-11-15

China cuts gas prices for industrial users China has cut gas prices for industrial and business users to combat pollution issues. The cuts will vary per city and will come into effect on the 20th November, with expected savings of 43 billion yuan ($6.7 billion). China has been slow to alter gas prices particularly for …

Energy & Resources Talking Points 18-11-15

Coal consumption predicted to fall this year The IEEFA predicts a 2% – 4% fall in coal consumption this year, with India being the only major economy likely to increase consumption. China’s predicted decrease in consumption has been attributed to the Chinese government’s promotion of other energy sources. As well as the economic transition from …

Energy & Resources Talking Points 11-11-15

New restrictions on commodities futures trading The Chinese government is tightening control on commodities futures trading. Chinese commodities exchanges have seen rapid growth in recent years for two reasons. Firstly, investors are confident of the long-term demand for natural resources. Secondly and more recently, the Chinese government has implemented new restrictions on stock market trading …

Energy & Resources Talking Points 04-11-2015

Date: Wednesday, 4th November 2015   Chinese Gas Use Climbs 2.5% in First Nine Months (English) Source: News Base, 29 Oct 2015 Chinese gas consumption edged up in the first nine months of 2015, according to data from the NDRC. The country consumed a total of 132.2 billion cubic metres of gas in the period, …

Energy & Resources Talking Points 28-10-2015

Date: Wednesday, 28th October 2015   BHP sees short life for US oil boom (English) Source: Upstream, 27 Oct 2015 Mining giant BHP Billiton expects oil supply from unconventional resources to peak in the next decade, making other high-cost basins more attractive for development.   Iron ore softens as buyers hold back (English) Source: PLATTS, …