China increased net imports of crude oil by 1.4 percent in December from a month earlier as refineries maintained high operating rates to ease a diesel shortage, Bloomberg reported on Monday, citing data from the General Administration of Customs.
BP Plc and Repsol YPF SA may supply two spot cargoes of liquefied natural gas to China in January, Bloomberg reported citing ship-tracking data.
Shandong's power plants lost 3.96 billion yuan in the first 10 months of 2010, up 271 percent year-on-year, China Business News reported Monday, citing information from the provincial economic and information technology committee.
GD Power Development Co said its Shandong New Energy Co unit won preliminary state approval to build two wind farms in East China's Shandong province with combined capacity of 400 megawatts, Bloomberg reported Monday.
The European Commission plans a significant cut in the punitive tariffs it imposed last year on Chinese-made fiberglass used in the clean technology sector.
China will increase its thermal power output capacity by 80 million kilowatts this year, as thermal power continues to play a major role in the country's power supply.
China expects its annual refined oil output to reach 310 million tons by 2015, Zhang Guobao, head of the State Energy Administration, said Thursday.
China unveiled a raft of targets for its energy and power sectors on Thursday, revealing a plan for a rapid increase in power generation but a much slower rise in the country's oil refining capacity over the next five years.