Review of International Energy News

◆ Crude oil price may rise in short order because of the Chemical Weapon Incident in Syria.

◆ Tanzania could be an exporter of electricity after the completion of its pipelines and gas station.

◆ Russia is building a special ship for floating nuclear power station for the first time in the world.

◆ The Japanese government will intervene in the nuclear accident in the first nuclear power plant in Fukushima, providing some help in staffing and fund.

◆ According to ADMIE, the expansion of renewable energy power generation caused a higher electricity price in Greece, which could exacerbate the burden on consumers and weaken the competitiveness of Greece.

Review of Domestic Energy News

◆ National Development and Reform Commission increased the price of gasoline and diesel by RMB 235 yuan and 225 yuan per ton separately.

◆ National Development and Reform Commission released the subsidy rules of photovoltaic power generation on August 30 and the subsidies are higher than expected.

◆ Petrochina and Sinopec’s new projects in refining will be under restrictions, as they didn’t meet the emissions-reduction targets in 2012.

◆ In order to meet energy conservation and emissions reduction targets in 2013, NDRC announced a notice to reiterate the reduction targets and indicate the directions of industrial structure adjustment and energy development.