News

Japan Plans to Build Undersea Gas Pipe

Japan intends to activate energy cooperation with Russia. In its new plan, Japan plans to build an oil refining plant which is not far from Vladivostok and build under gas pipe from Sakhalin to Tokyo crossing though Japan Sea.   Mayor of Niigata announced that the oil refining plant would be invested...

Gas May Not Reduce Carbon Emission

Gas is always treated as eco-friendly fuel. The U.S. has ever expected to use gas to get rid of pollution caused by coal. Because of total of carbon dioxide released by burning coal is two times of gas. However, a new research points out that widely using low price gas may not reduce carbon emission...

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 eastern...

Russia Failed to Reach Gas Supply Contract with Ukraine

Russia failed to reach a gas supply contract for restarting to transmit gas to Ukraine in the coming winter, when Russian officials met with Ukrainian officials in Brussels on Tuesday.   Focuses of dispute include: how much Ukraine should pay to Russia for gas having been consumed, when Ukraine...

Chinese Oil Demands Grew Greatly in September

On October 27, the newest analysis of Platts showed that Chinese oil demands increased to the second highest level in September. The growth rate was the highest record in 15 months. In September, Chinese oil demands were 42.34 million tons (10.35 million barrels per day), growing by 7.4%, compared with...

Russian High Oil Production Supports Global Oversupply

Relevant data showed that Russian oil and gas production did not be affected by sanctions of the Western, supporting global oversupply and making oil price continue bearing pressure.   Commerzbank claimed that Russian constant high oil production was one of the factors which result in oversupply...

China Will Become the Largest Oil Consumer

According to the information of IEA, China will become the largest oil consumer in the next 20 years, instead of the U.S.   “In the early of the 2030’s , China will take place of the U.S., becoming the largest oil consumer in the world. And that will be a historic moment.” IEA...

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 report-How...

US Crude Oil Import Amount from OPEC Was 30-year Lowest

Because shale oil revolution brought about a surge capacity, US crude oil import amount from OPEC countries is the lowest in the past 30 years. It is was showed in August that OPEC share of US crude oil import fell to 40 percent, 2.9 million barrels per day, the lowest import amount since May 1985....

Joint Russia and Venezuela Deal with Oil Price Decline

"Deutsche Welle" reported on November 19th , that Russian Energy Minister Novak revealed in Moscow that he had held a meeting with Venezuelan Foreign Minister Rafael Ramirez dealing with the continued falling of oil prices, and agreed to take "joint action" to confront with the growing...

Speed up Geothermal Energy Development and Utilization

Geothermal resource is a renewable clean energy. The amount of Chinese geothermal resource accounts for 1/6 in the world. Liu Qi, the Vice Director of the National Energy Administration, said in China’s first geothermal forum held on 25th, that our utilization and exploitation of geothermal energy...

IEA Warns about the Security of Future Oil Supply

IEA has declared that over the next 20 years, the global energy demand will increase rapidly, however, the energy supply around the world may not be sufficient enough to meet goals of climate change. It is due to continuous turbulence in the Middle East and unresolved conflict between Russia and Ukraine....

Russia Was Prepared for Endangered Oil Prices

It was reported that Alexei Ulyukayev, Russian Minister of Economic Affairs, said on Friday that Russia as a global major oil producer would have to be prepared for the decrease of crude oil prices-----they would reduce the prices predication. Before that, OPEC’s decision not to cut production...

Demands for Valves in Developing Countries Growing Highly

Insiders claim that the next few years will be a great shock for valves industry. The shock will expand the trend of polarization in valves’ brand. It is predict that in the next few years, there will be less valves manufacturers existing. However, the shock will bring more opportunities. The...

Relationship between the Internet and Valve Industry

The internet is a global network, which connect net citizens around the world through tiny cables. On the Internet, everyone can see the information which they need. And all of the information is free and public. The internet maximizes resource utilization of the data. The information can exist in different...

Valve Manufacturers Realizing Global Integration Operation

For The Belt and Road Initiative boosting, valve manufacturers in China will become forerunner, pusher and beneficiary accompanying with state-owned enterprises walking out. During the process, monetary policy, drawback and customs clearance should be designed and arranged specifically. The Bely and...

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 knife...

Ball Valves Have a Good Prospect in Oil & Gas Industry

Ball valves have a good prospect in oil and gas industry, which has close relationship with concentration on energy around the world. According to analysis of Energy Information Administration, global energy consumption will rise to a high index. In the next 10~15 years, global energy consumption will...

New Technologies Promoting Valve Products to Update

For information technology highly development, informatization and intelligence are constantly changing social life. As terminal actuator controlling fluids in pipe, if implanted with computing technology, sensor technology, remote control technology and intellectual technology, valves will be attached...

The Future Core Competitiveness of Valve Manufacturers

On current valve market, all of famous valve manufacturers have their own brands. They have formed matched complete system including production, publicity, sales and after-sales service. The advantages of brands have been formed. Nevertheless, valve market shares mostly focus on these brands.  ...