Review of International Energy News

◆U.S.A would achieve the situation of energy self-supply by 2030 thanks to the expanding utilization of unconventional oil and natural gas, according to the forecast by BP

◆Japan explores the rare earth, which is ten times as much as China has.

◆Austria passed the Energy Efficiency Bill in which 300 million euro would be invested to guarantee an annual 1.4% increase in energy efficiency.

Review of Domestic Energy News

◆China would become the largest oil importing country all over the world in 2014 due to the rising demand for oil with a rough estimate of 60% share of import.

◆State Grid, Jimo Branch Corp. invested 469 million RMB for 110kV transformer substation in order for a sufficient supply of electricity for Jimo City, Shandong Province.

◆The new oil pricing system in which pricing period is shortened within 10 working days and the volatility limitation of 4% is cancelled, adds more difficulties to the precise forecast of oil price.