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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (135420)	9/4/2017 3:09:02 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 218752

Sanctions on Russia's activity in Ukraine indeed shifted sales of natural gas from Europe to China. The benefits sending Russian natural gas to China are obvious: a.) Reduced European dependence on Russian energy; b.) Provided European markets for natural gas from the former Soviet nations south of Russia like Kazakhstan and Azerbaijan without needing to rely on transit through Russia; c.) Replaced coal usage in China. Of course all of this seems illogical to Putin fan-boys.

To: Maurice Winn who wrote (135420)	9/4/2017 3:12:40 AM
From: Elroy Jetson	Respond to of 218752

Oil exploration, production and transport projects are almost exclusively funded with loans issued in Dollars or Euros and repayable in Dollars or Euros. If banks issued loans for oil and gas development in bars of aluminum or bushels of wheat, and repayable only in bars of aluminum or bushels of wheat, there'd be a reason to ask for payment in the form of aluminum ingots when selling oil and gas. As it is it's risky enough to assume the future price of oil and gas 25 years from now when you consider making an investment in a new source of oil and gas production. Trying to guess the future price of oil and gas in terms of aluminum bars or bushels of wheat when considering investing in a new gas field would be a useless game for bored fools - particularly given that the bonds and loans need to be repaid in Dollars or Euros.

To: Maurice Winn who wrote (135420)	9/4/2017 1:07:39 PM
From: Elroy Jetson	Respond to of 218752

China’s energy market regulator has cut the benchmark price of natural gas for commercial and industrial users - caixinglobal.com Effective September 1, the benchmark price for nonresidential natural gas was trimmed by 0.1 yuan ($0.0152) per cubic meter, China’s top economic planner, the National Development and Reform Commission (NDRC), announced Wednesday. The price cut in natural gas will save China's industrial users more than $1 billion a year. It was the first price cut for nonresidential users in China since the NDRC lowered the benchmark by 0.7 yuan per cubic meter in 2015. Total savings could reach 16 billion yuan annually, NDRC said, based on further price adjustments by distributors. The benchmark price set by the NDRC covers natural gas stored at urban distribution terminals. Major gas suppliers such as Sinopec are allowed to charge regional distributors up to 20% above the benchmark price. Nonresidential customers are the end users for about 80% of all natural gas in China, the world’s third-largest consumer of the energy source. The latest price cut follows an NDRC evaluation of gas transportation costs through cross-country pipelines, including an audit covering the activities of 13 gas transmission companies since early 2017. Audit results paved the way for the NDRC to order cuts in natural gas transportation costs by an average of 15%. Those cuts, which also took effect Wednesday, set the stage for the benchmark price reduction. Based on the audit, the first of its kind, regulators drew up specific price lists according to transmission costs for each pipeline. Thirteen companies provide natural gas transportation services via the nation’s 45,000 kilometers (27,961 miles) of long-distance pipelines. In May, the State Council, China’s cabinet, announced the goal of establishing market-based price-setting mechanisms for natural gas and crude oil. It pledged to give the market a decisive role in setting natural gas and oil prices for nonresidential users, but maintaining the government’s role as a manager of transportation costs and the ultimate market price supervisor, with the power to intervene when prices fluctuate abnormally. China aims to increase natural gas consumption to 313.7 billion cubic meters by 2020 as part of a drive to control air pollution by switching to the low-emissions fuel, according to the government’s current five-year plan. In the first half of 2017, natural gas consumption rose about 15% year-on-year to 114.6 billion cubic meters, the NDRC said.

To: Maurice Winn who wrote (135420)	9/5/2017 4:59:08 PM
From: abuelita	Read Replies (2) \| Respond to of 218752

sobering article mq, giving an insight into n.k. theintercept.com

To: Maurice Winn who wrote (135420)	9/8/2017 6:44:26 PM
From: TobagoJack	Respond to of 218752

for whatever reasons brazil may import energy from china voanews.com Brazil Looks to China to Finish Nuclear Power Plant ReutersBRASILIA — Brazil will seek China's expertise and financing to complete its third nuclear power plant when President Michel Temer makes a state visit to Beijing on Friday, Brazilian government officials said Tuesday. The Brazilian nuclear energy company Eletronuclear will sign a cooperation agreement with China National Nuclear Corporation (CNNC), signaling their intent to establish a partnership to finish the Angra 3 plant, the officials said. Construction of the 1,405-megawatt reactor on the coast south of Rio de Janeiro has dragged on for three decades and its completion is now scheduled for 2023, but Brazil does not have the estimated 16 billion reais ($5 billion) needed to finish the job. Russia is also interested in completing Angra 3 and Eletronuclear, a subsidiary of state-run electric utility Eletrobras, has held talks with the Russian nuclear monopoly Rosatom. The Chinese corporation is expected to have the advantage in terms of abundant financial resources. The head of Eletronuclear, Bruno Barretto, signed an initial memorandum with CNNC on the Angra 3 completion in Beijing in December when he visited Chinese banks that are potential financiers, Eletronuclear said in a statement. Temer's government has announced plans to privatize Eletrobras, Latin America's largest utility. But Eletronuclear will be split off and remain in state hands under Brazil's Constitution, which establishes that nuclear facilities must be government controlled. Temer said on Tuesday he expects China to be a major player in Brazil's plans to modernize its ports, airports and other infrastructure projects that will be offered to investors in private concessions. He also hopes China will finance energy projects. "China could be one of the big investors in our plans for concessions," he said in a video message released after he set off for Beijing, where he will meet Chinese President Xi Jinping ahead of the BRICS summit in Xiamen.