Industry News

Construction Cost of South Stream Gas Pipe Rising

On October 10, Gazprom expressed that since June when concerned countries put off South Stream gas pipe from Russia to Europe, the construction of South Stream gas pipe had risen from 16 billion euro to 23.5 billion euro.   EU took above measures under the circumstance that crisis in the ea...

Research Direction of Chinese Valve Industry

Influenced by economic, adjustment of global valve manufacturing makes industrial gravity centre, technology and investment of world top brands be transferred to China. Modern life style and sport concept advocating relaxation and nature promote consumer demands on Chinese valve market to grow hig...

Russia Preventing EU from Exporting Russian Gas to Ukraine

Moscow is seeking for prevent EU from exporting Russian gas to Ukraine. It threatens to cut off all of lifelines of Kiev which may intensify Ukrainian energy crisis in this winter.   When Moscow gives out threat, officials of EU are preparing new sanctions on Rosneft, Gazprom Neft and Trans...

Control Valve Market Enhancing Digitization

Oil price fell again, causing negative effects on control valve market while China was stimulating domestic consumption to relieve descending range of control valve. With technology developing, control valve should not be limited on control function. It should develop to diversification, exploitin...

China Valves Market Expanding

China valves market expands highly for the development of petroleum. For over ten years, policies and economic situations have provided advantages to valves market, having large space for increasing. Currently, petroleum enterprises need to update equipments which have a large demand for valve. It...

Slovakia Will Deliver Gas to Ukraine

Because of massive debt, Ukraine is facing the treat of a cut-off supplies from Russia. On Monday, Slovakia signed a deal to deliver natural gas to Ukraine.    Under the agreement, Slovakia will send gas through a pipeline that was meant for transporting gas from Ukraine but is curre...

Ukraine: Forbid Russia Supplying Gas to Europe

It was reported that Arseniy Yatsenyuk, the Prime Minister of Ukraine stated that Ukraine was ready for sanctioning Russia, forbidding any transit transportation through Ukraine, including flights from Russia to Europe and supplying gas to Europe from Russia. Ukraine will utilize par of aid funds ...

Electric Knife Gate Valve Causing New Technical Innovation

In general, electric knife gate valve is used as a part of complete machine. Materials, structure, quality, reliability of valve has direct influences on efficiency, energy consumption, pollution, service live and security of complete machine. For current situation and development trend, electric ...

A New Oil Crisis May Be Caused by ISIS

Global price of crude oil had ever reached the highest level since 9 moths, after ISIS (Islamic State of Iraq and the Levant) capturing the northern of Iraq. If output of crude oil in Iraq is reduced by 1/3, global prices of crude oil will be increased by 40 USD per barrel, which may strike tender...

IEA: A Gas Transaction Center Is Needed in Asia

As a kind of clean energy, gas plays a key role in Asia, especially having great influence on ensuing security of energy usage, synergetic development of economy and environment. However, the influence expanding further needs tighter connection between Asian gas market and global gas market. The r...