While US Points
the Finger, China Gets Busy
Energy Leaders Note Chinese Developments
Underway
Apr 20, 2006 - Business Wire
World Energy, Houston Tracy Coffey, 713-626-5369
Given limited amount of supplies in certain geographical areas, and
that the impact of emissions on the environment will eventually affect
us all, World Energy Magazine presents numerous references by world
energy leaders to the fact that growing demand will only be met by
"extending knowledge and applying technology." BP p.l.c., Royal Dutch
Shell p.l.c. and GE Oil & Gas CEOs refer to China as a place where
solutions are already underway. To get up to speed read these articles
now at
www.worldenergysource.com.
BP p.l.c. CEO Lord Browne of Madingley reports on his visit to
Beijing, that a "process of transition" is already beginning. "It was
clear," Browne noted, "...that there is no sense of complacency in
China." He was "struck," he said, "by the amount of work being done on
these issues," referring to improving energy efficiency, coal options,
and nuclear experiments, such as the experimental reactor being
developed at Tsinghua University. China's desire for knowledge is "very
powerful," he states. Further, he offers, China's supply security will
come from "links between the Chinese state companies and the private
sector" as well as China's developing "...involvement in the
international trading market." Jeroen van der Veer adds in his article,
that while science and technology is the essential first step,
"Delivering Technology" is the challenge.
Jeroen van der Veer, CEO, Royal Dutch Shell p.l.c., asserts
delivering of technology is a "Key Role of International Energy
Companies." "Sequestration for power plants," he urges, "should be a
priority." In China, about 17 of these plants are built a year, he
reports, adding that demonstration projects should be implemented as
quickly as possible and that "Governments would be wise to provide
market incentives to speed development." The technology development
challenge is being met, according to GE Oil & Gas President and CEO
Claudi Santiago.
Santiago updates on China's West-East pipeline where GE is supplying
turbines, compressors, and installation services for 12 new compression
stations, noting that there is "an extremely demanding schedule." Eight
of these are to be installed in 2006.
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