September 18 – September 24, 2008 Volume VII, Issue 37 EDITORIAL SUMMARY--------------------------------------------------------------------------------------------------------------------- 2 SUMMARY OF THIS WEEK'S REPORT ------------------------------------------------------------------------------------------------------------------------------------------------------------- 2 TOP STORY------------------------------------------------------------------------------------------------------------------------------------ 3 NDRC TO LIMIT PV POWER PROJECTS UNTIL BETTER TECH CAN REDUCE COSTS-------------------------------------------------------------------------------------------- 3 HEADLINE NEWS ---------------------------------------------------------------------------------------------------------------------------- 3 CHINA SHOULD ISSUE METHANOL FUEL STANDARD - EXPERT ------------------------------------------------------------------------------------------------------------------------ 3 JAPAN INTERESTED IN IMPORTING DME FROM CHINA ------------------------------------------------------------------------------------------------------------------------------------ 4 CHINA'S COAL SUPPLY SHORTAGES REMAIN, MAY EASE IN WINTER --------------------------------------------------------------------------------------------------------------- 5 CHINESE EXTENSION OF ESPO MAY BE APPROVED SOON - RUSSIAN ENERGY MINISTER --------------------------------------------------------------------------------- 5 POLICIES & REGULATIONS-------------------------------------------------------------------------------------------------------------- 6 CHINA MAY RELEASE COAL CHEMICAL DEVELOPMENT PLAN BY YEAR'S END - OFFICIAL ---------------------------------------------------------------------------------- 6 STATISTICAL SUMMARY ----------------------------------------------------------------------------------------------------------------- 6 CHINA'S LPG IMPORTS RISE 30.8 PCT YEAR-ON-YEAR IN FIRST SEVEN MONTHS ---------------------------------------------------------------------------------------------- 6 OIL & PETROCHEMICALS ---------------------------------------------------------------------------------------------------------------- 7 MIDDLE AND DOWNSTREAM-------------------------------------------------------------------------------------------------------------------------- 7 XINJIANG'S 2008 CRUDE OIL AND NATURAL GAS OUTPUT TO GROW BY 3.4 PCT AND 18.96 PCT YEAR-ON-YEAR ------------------------------------------------- 7 HEILONGJIANG PRIVATE OIL TRADERS GET STABLE SUPPLIES, DISCOUNT PRICES------------------------------------------------------------------------------------------ 7 FINANCIAL AND COMPANY NEWS ------------------------------------------------------------------------------------------------------------------ 8 CNPC ANSWERS GOVERNMENT CALL, INCREASES STAKE IN PETROCHINA------------------------------------------------------------------------------------------------------ 8 SINOPEC GROUP RAISES OIL PRODUCT TRANSFER PRICES --------------------------------------------------------------------------------------------------------------------------- 8 GAS----------------------------------------------------------------------------------------------------------------------------------------------- 9 GAZPROM NEFT TO DELIVER 250,000 TONS OF PIPELINE OIL TO CHINA IN Q4--------------------------------------------------------------------------------------------------- 9 CNPC COMPLETES PREPARATORY WORK ON DALIAN LNG DOCK-------------------------------------------------------------------------------------------------------------------- 9 CNOOC SIGNS TO PURCHASE LNG FROM OMAN -------------------------------------------------------------------------------------------------------------------------------------------- 9 COAL--------------------------------------------------------------------------------------------------------------------------------------------10 COAL PILES UP AT MAJOR CHINESE POWER PLANTS ------------------------------------------------------------------------------------------------------------------------------------10 HENAN STEPS UP SUPERVISION AFTER COALMINE ACCIDENTS---------------------------------------------------------------------------------------------------------------------10 CHINESE DME FUEL STANDARD TO EMERGE IN TWO YEARS - INSIDER-----------------------------------------------------------------------------------------------------------11 SASOL TO COMPLETE FEASIBILITY STUDY ON NINGXIA CTL PROJECT BY END OF 2009 -----------------------------------------------------------------------------------11 POWER-----------------------------------------------------------------------------------------------------------------------------------------12 POWER DISTRIBUTION -------------------------------------------------------------------------------------------------------------------------------- 12 CHINA PRODUCES 2.32 BLN MWH OF ELECTRICITY IN FIRST EIGHT MONTHS, UP 10.09 PCT YEAR-ON-YEAR------------------------------------------------------12 NEWS ROUNDUP ---------------------------------------------------------------------------------------------------------------------------12 OIL & PETROLEUM --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------12 GAS -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------13 POWER ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------13 COAL & COAL CHEMICAL -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------13 ALTERNATIVE ENERGY -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------13 SPECIAL REPORTS------------------------------------------------------------------------------------------------------------------------13 WORLD'S LARGEST DME PRODUCER TAKES AIM AT CHINESE MARKET-----------------------------------------------------------------------------------------------------------13 TRINA SOLAR CEO OUTLINES PLAN FOR 2009 -----------------------------------------------------------------------------------------------------------------------------------------------14 EMERGING COMPANY PROFILE ------------------------------------------------------------------------------------------------------15 GUANGDONG FIVE STAR SOLAR ENERGY CO. LTD. ---------------------------------------------------------------------------------------------------------------------------------------15 COMPANY PROFILE -----------------------------------------------------------------------------------------------------------------------16 HUADIAN ENERGY CO. LTD. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------16 Copyright © 2008 by Interfax China Ltd. All rights reserved. Produced by China Ltd., Suite 1601, Wilson House, 19-27 Wyndham Street, Central, Hong Kong, China. Telephone: +852 25372262, facsimile: +852 25372264, e-mail: [email protected], http://www.interfax.com INTERFAX CHINA ENERGY REPORT WEEKLY September 18 – September 24, 2008 Volume VII, Issue 37 FINANCIAL MARKETS --------------------------------------------------------------------------------------------------------------------20 SHFE FUEL OIL FUTURES SLIDE DESPITE NYMEX CRUDE CLAWING BACK-------------------------------------------------------------------------------------------------------20 SHFE FUEL OIL FUTURES FALL ALONG WITH NYMEX CRUDE--------------------------------------------------------------------------------------------------------------------------21 WEEKLY PRICES ---------------------------------------------------------------------------------------------------------------------------21 COAL PRICES CONTINUED TO FALL AT QINHUANGDAO PORT LAST WEEK-------------------------------------------------------------------------------------------------------21 GASOLINE, DIESEL PRICES STABLE, LPG PRICES DROPS ------------------------------------------------------------------------------------------------------------------------------22 EVENTS ----------------------------------------------------------------------------------------------------------------------------------------25 CHINA CARBON FORUM 2008 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------25 THE 4TH ANNUAL ASIA GAS CONGRESS 2008 -------------------------------------------------------------------------------------------------------------------------------------------------26 COMMERCIAL FUNDAMENTALS OF THE UPSTREAM OIL AND GAS INDUSTRY WORKSHOP--------------------------------------------------------------------------------27 CHINA POWER BUSINESS CONVENTION -------------------------------------------------------------------------------------------------------------------------------------------------------27 THE 3RD NEGOTIATING