A preliminary draft for China's energy stimulus plan has been done, but the contents and the time of the bill's launch have not been revealed, a senior energy official said on Monday.

The National Energy Administration has been soliciting opinions from local governments, related authorities, industry players and specialists since April 2, Liu Qi, deputy head of the administration, told a press conference Monday.

The plan needs more work before it is reported to the National Development and Reform Commission and the State Council, said Liu.

Liu did not release further details about the content... Full Story


New energy seen as new growth engine

New energy is the focus of a two-tier program that involves the investment of trillions to add zip to the economy, a senior official said yesterday.

Liu Qi, deputy director of the National Energy Administration, said new-energy output is likely to exceed the targets set by the nation's overall energy plan (announced in 2006) and the renewable-energy plan (released in 2007).

"We are aiming to make the new-energy industry a new engine of development," Liu said... Full Story

Power consumption and supply capacity

China's power consumption down 4.03% in first four months

China's power demand shrank by 4.03 percent in the first four months from the same period last year under the impact of the global economic downturn, said the National Energy Administration on Monday.

Zhang Guobao, head of the administration, told a press conference that the trend contrasted sharply with the record before September last year, when the power demand kept rising at double-digit growth.


Zhang Guobao, head of the National Energy Administration (Xinhua Photo)
China may soon revise power goal

Teams of experts and officials are busy reworking the target, which may increase to 1,400-1,500 GW by 2020, said Sun Qin, deputy director of the National Energy Administration. He said speeding up construction of power plants would help stimulate the domestic economy and create more jobs.

China's nuclear power development

Official: China to speed up nuclear power development

China's nuclear power capacity is expected to reach about 5 percent of the country's total power capacity by 2020, according to National Energy Administration (NEA) here Monday at a press conference.

China considers changes to nuclear power development plan

The world's second-largest energy user will boost nuclear power development in coastal areas while scientifically planning nuclear power stations inland, said Zhou Xi'an, director of the General Affairs Department of the National Energy Administration.

Gasoline, diesel benchmark retail prices

China to raise gasoline, diesel benchmark retail prices

China will raise gasoline and diesel benchmark retail prices by 400 yuan (58.6 U.S. dollars) per tonne as of Monday, the National Development and Reform Commission(NDRC) announced Sunday.

Fuel hike mirrors global crude

China raised retail fuel prices yesterday at a rate far slower than the surging international crude prices and far lower than analysts' speculations in an attempt to minimize the impact of a fuel price rise on farmers during the harvesting season. The move also shows its lack of faith in the sustained growth of international crude prices, analysts said.

Oil field

CNOOC announces kick-off of independent oil field in Bohai Bay

China discovers two new oil fields in East China's Bohai Bay