Putin-land produces lots of Gas, well China got lots of energy from SCS including methane-hydrate, but buying from Russia will help Russia to fix Dotard Sanctions! Russia also produces lots of Uranium, which is nuke power & nuke warheads. China needs lots of Russian Gas & Nuke Uranium for PLA especially for warship + carriers + submarines engines and warheads. New Chinese warships stop using diesel fuel. Nuke reactor or gas turbines which are vary advanced.
https://www.rt.com/business/461147-russia-china-nuclear-reactors/
Russia could take hold of China’s entire gas market
Published time: 15 May, 2019 11:10
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Gas storage facilities, Chongqing, China © REUTERS/Chen Aizhu
With an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent with another $300 billion worth of Chinese goods in the cross-hairs, Beijing has vowed to retaliate.
On Monday, it announced it will increase tariffs imposed on about $60 billion of US goods in retaliation for what it sees as President Donald Trump’s latest escalation of the trade war. The increased tariffs will take effect on June 1, according to a statement on China’s Ministry of Finance’s website. The charges will be raised on most of the goods listed on a previous retaliation list effective last September.
Also on rt.com Russia & China to ink deal for construction of two nuclear reactors
“China’s tariff move is in response to the US unilateralism and trade protectionism,” the ministry also stated on Monday in a different statement. “China hopes that the US will return to the right track of bilateral trade talks, work together with China and meet each other halfway, to reach a win-win and mutually beneficial agreement on the basis of mutual respect."
Part of the increased tariffs will include U.S liquefied natural gas (LNG) imports, rising from a previous 10 percent levy to a damaging 25 percent starting June 1. The increase in tariffs already come as Chinese imports of the super-cooled fuel from the US has plunged. A Reuters report said that in 2018 some 27 LNG vessels traveled from the US to China, down from 30 in 2017. Meanwhile, most of those that left US ports last year did so before the trade war started, with 18 tankers going to China in the first half of the year and just nine during the second half.
Damaging developments
Now that China is increasing LNG tariffs from 10 to 25 percent, these export numbers will drop even more, maybe even altogether. However, secondary traders will no doubt procure US-sourced LNG and then resell it to China. Yet, that’s little respite for major US LNG producers in the long term if the trade war continues.
Read more on Oilprice.com: The oil kingdom enters a new era
Not only will the trade war impact US-Chinese LNG deals, but it will impact the overall global LNG market since the US is the fastest growing LNG producer who could view with Australia and even Qatar for the top LNG slot in terms of liquefaction capacity by the mid part of the next decade if only a fraction of the dozens of US LNG project proposals go forward.
Also on rt.com US trade deficit soars to decade high of $621 billion despite Trump pledge to bridge the gap
However, that’s the real quandary. Many of these projects aren't backed by cash-laden oil majors, like an Exxon Mobile or Chevron, but smaller players that need to sign long term off-take agreements with Chinese firms as well as secure funding from Chinese banks and financial institutions to finance their capex intensive projects. Simply put, without both Chinese funds and Chinese gas demand, the so-called second wave of the US LNG development story will stall, losing out to eager competitors, including Russia.
Russian ambitions
In lock step with the news that China is increasing tariffs on US LNG, Russian natural gas giant Novatek said on Monday that it expects to increase its LNG production capacity target to 70 million mt/year by 2030, up from a previous target of 57 million mt/year.
“Our objective over the next year is to come up with a revision to 70 million mt/year by 2030,” company CFO Mark Gyetvay said. Previously, Novatek had said it aimed to have a production capacity of 57 million mt/year by that time. Novatek brought online its first 5.5 million mt/year LNG train at the three-train Yamal LNG facility in December 2017 and has since commissioned the second and third trains.
Also on rt.com Thorny dilemma: Will Trump manage to rein in oil prices & keep on pressuring Iran & Venezuela?
If Novatek achieves that production point, it could propel Russia to the third global LNG production slot, possibly passing the US in the mid to later part of the next decade. Qatar and Australia are the current top LNG producers, while Qatar is ramping up production from a current 77 mtpa to 110 mtpa within the next five years.
On the other hand, if the US and China can resolve the current trade impasse, US LNG production will distance itself from its Russian counterparts.
https://www.rt.com/business/459380-china-russia-nuclear-power/
Russia & China to ink deal for construction of two nuclear reactors
Published time: 15 May, 2019 09:53
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© Reuters / Regis Duvignau
Under the deal, two Russian VVER-1200 units worth a total of $1.7 billion will be built by China National Nuclear Corporation (CNNC) and Russia’s State Atomic Energy Corporation (Rosatom).
Also on rt.com Russia & China sign agreement on construction of 2 power units at Tianwan nuclear power plant
Construction of Unit 3 of the Xudabao nuclear power plant is expected to start in October 2021, according to CNNC. It will be followed by Unit 4 in August 2022. The single unit construction period lasts 69 months, and the construction interval between the two units is 10 months.
Russia and China have been strengthening ties in the nuclear energy sector lately. Apart from the Xudabao nuclear plant units, Rosatom is building nuclear units for the Tianwan nuclear power plant, which is one of the biggest joint projects of Russian-Chinese economic cooperation. The first two of its units, each with a capacity of 1,000MW, were launched in 2007. Unit 3 began operations in 2017, and the reactor at the latest, fourth unit was launched at minimum capacity in September last year after the fuel loading was finished ahead of schedule.
Also on rt.com Russia aims to attract $28bn investment in power plant upgrades
The nuclear plants will help to meet China’s goal of reducing greenhouse gas emissions, according to Joseph Jacobelli, an independent energy analyst and Asia-Pacific CEO of clean energy producer Joule Power. They will provide air pollution-free energy at a lower cost to consumers, he explained to China Daily.
For more stories on economy & finance visit RT's business section
https://www.rt.com/business/461147-russia-china-nuclear-reactors/
Russia could take hold of China’s entire gas market
Published time: 15 May, 2019 11:10
Get short URL
Gas storage facilities, Chongqing, China © REUTERS/Chen Aizhu
- 65
- 1
With an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent with another $300 billion worth of Chinese goods in the cross-hairs, Beijing has vowed to retaliate.
On Monday, it announced it will increase tariffs imposed on about $60 billion of US goods in retaliation for what it sees as President Donald Trump’s latest escalation of the trade war. The increased tariffs will take effect on June 1, according to a statement on China’s Ministry of Finance’s website. The charges will be raised on most of the goods listed on a previous retaliation list effective last September.
Also on rt.com Russia & China to ink deal for construction of two nuclear reactors
“China’s tariff move is in response to the US unilateralism and trade protectionism,” the ministry also stated on Monday in a different statement. “China hopes that the US will return to the right track of bilateral trade talks, work together with China and meet each other halfway, to reach a win-win and mutually beneficial agreement on the basis of mutual respect."
Part of the increased tariffs will include U.S liquefied natural gas (LNG) imports, rising from a previous 10 percent levy to a damaging 25 percent starting June 1. The increase in tariffs already come as Chinese imports of the super-cooled fuel from the US has plunged. A Reuters report said that in 2018 some 27 LNG vessels traveled from the US to China, down from 30 in 2017. Meanwhile, most of those that left US ports last year did so before the trade war started, with 18 tankers going to China in the first half of the year and just nine during the second half.
Damaging developments
Now that China is increasing LNG tariffs from 10 to 25 percent, these export numbers will drop even more, maybe even altogether. However, secondary traders will no doubt procure US-sourced LNG and then resell it to China. Yet, that’s little respite for major US LNG producers in the long term if the trade war continues.
Read more on Oilprice.com: The oil kingdom enters a new era
Not only will the trade war impact US-Chinese LNG deals, but it will impact the overall global LNG market since the US is the fastest growing LNG producer who could view with Australia and even Qatar for the top LNG slot in terms of liquefaction capacity by the mid part of the next decade if only a fraction of the dozens of US LNG project proposals go forward.
Also on rt.com US trade deficit soars to decade high of $621 billion despite Trump pledge to bridge the gap
However, that’s the real quandary. Many of these projects aren't backed by cash-laden oil majors, like an Exxon Mobile or Chevron, but smaller players that need to sign long term off-take agreements with Chinese firms as well as secure funding from Chinese banks and financial institutions to finance their capex intensive projects. Simply put, without both Chinese funds and Chinese gas demand, the so-called second wave of the US LNG development story will stall, losing out to eager competitors, including Russia.
Russian ambitions
In lock step with the news that China is increasing tariffs on US LNG, Russian natural gas giant Novatek said on Monday that it expects to increase its LNG production capacity target to 70 million mt/year by 2030, up from a previous target of 57 million mt/year.
“Our objective over the next year is to come up with a revision to 70 million mt/year by 2030,” company CFO Mark Gyetvay said. Previously, Novatek had said it aimed to have a production capacity of 57 million mt/year by that time. Novatek brought online its first 5.5 million mt/year LNG train at the three-train Yamal LNG facility in December 2017 and has since commissioned the second and third trains.
Also on rt.com Thorny dilemma: Will Trump manage to rein in oil prices & keep on pressuring Iran & Venezuela?
If Novatek achieves that production point, it could propel Russia to the third global LNG production slot, possibly passing the US in the mid to later part of the next decade. Qatar and Australia are the current top LNG producers, while Qatar is ramping up production from a current 77 mtpa to 110 mtpa within the next five years.
On the other hand, if the US and China can resolve the current trade impasse, US LNG production will distance itself from its Russian counterparts.
https://www.rt.com/business/459380-china-russia-nuclear-power/
Russia & China to ink deal for construction of two nuclear reactors
Published time: 15 May, 2019 09:53
Get short URL
© Reuters / Regis Duvignau
- 16
Under the deal, two Russian VVER-1200 units worth a total of $1.7 billion will be built by China National Nuclear Corporation (CNNC) and Russia’s State Atomic Energy Corporation (Rosatom).
Also on rt.com Russia & China sign agreement on construction of 2 power units at Tianwan nuclear power plant
Construction of Unit 3 of the Xudabao nuclear power plant is expected to start in October 2021, according to CNNC. It will be followed by Unit 4 in August 2022. The single unit construction period lasts 69 months, and the construction interval between the two units is 10 months.
Russia and China have been strengthening ties in the nuclear energy sector lately. Apart from the Xudabao nuclear plant units, Rosatom is building nuclear units for the Tianwan nuclear power plant, which is one of the biggest joint projects of Russian-Chinese economic cooperation. The first two of its units, each with a capacity of 1,000MW, were launched in 2007. Unit 3 began operations in 2017, and the reactor at the latest, fourth unit was launched at minimum capacity in September last year after the fuel loading was finished ahead of schedule.
Also on rt.com Russia aims to attract $28bn investment in power plant upgrades
The nuclear plants will help to meet China’s goal of reducing greenhouse gas emissions, according to Joseph Jacobelli, an independent energy analyst and Asia-Pacific CEO of clean energy producer Joule Power. They will provide air pollution-free energy at a lower cost to consumers, he explained to China Daily.
For more stories on economy & finance visit RT's business section
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