China is now fully part of the global energy trading system, regularly importing more than 9m barrels a day of oil and a rapidly growing amount of natural gas. But Beijing faces an American assertion of power that threatens to disrupt the current pattern of trade, not least in energy. The Chinese reaction could reshape markets we take for granted.

The first American action is direct: a war of competing tariffs on trade between the US and China.

Is China About to Change the Global Oil Trade? | Devamı>>>

China National Petroleum Corp (CNPC) has suspended investment in Iran’s South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Washington, three Chinese state oil executives said.

South Pars is the world’s largest gas field and CNPC’s investment freeze is a blow to Tehran’s efforts to maintain financing for energy projects amid the re-imposition U.S. sanctions on its energy sector earlier this year.

CNPC Suspends Investment in Iran’s South Pars | Devamı>>>

Alexander Voronkov

SAUDI ARABIA’s adoption of the Vision 2030 strategy, whose goal is to reduce dependence on fossil fuels, was one of the boldest attempts by any Middle East nation to move towards a low-carbon economy, and, with its ambitious plans to build nearly 20 GWe of nuclear capacities in the coming decades. It is clear that nuclear power is to be a major part of bringing Vision 2030 to life.

Middle East: Nuclear Power’s New Horizon | Devamı>>>