Review of International Energy News

◆Energy Independence, as a result of the energy supply and demand transformation, technological progress and energy policy guidance, has had positive effects on economic resurgence of America.

◆On May 22, the international oil prices slumped on account of rising crude oil inventories.

◆The world’s largest hydroelectric project built in Congo, Grand Inga Hydroelectric Project, will start in October, 2015, benefiting surrounding areas.

◆EU voted on the proposal of taxation on China’s PV products on May 24, indicating an inevitable trade war between China and EU.

Review of Domestic Energy News

◆On May 20, the environmental news TOP 10 of world and China were published in Nairobi, Kenya, the headquarters of UNEP.

◆China’s imported coal rose to 110 million tons from January to April, 2013, with year-on-year growth of 25.6%.

◆The news that an extended subsidy policy on new energy automobile will come render the auto stocks a favorable movement.

◆According to the NDRC, the domestic oil prices will remain unchanged as the average prices of this period increased less than 50 yuan per ton.

◆The National Energy Administration has made the decision to cancel and transfer approval on items of energy field.