KUALA LUMPUR – The China-European Union (EU) relationship is currently facing both development opportunities as well as new challenges, requiring both sides to maintain the ties on the right track, Chinese Premier Li Qiang said on Monday.
Li made the remarks while meeting with European Council President Antonio Costa on the sidelines of the leaders’ meetings on East Asian cooperation. He added that China is willing to work with the EU to further implement the consensus reached by the two sides.
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SINGAPORE, Oct 27 (Reuters) – A surge in supply of liquefied natural gas (LNG) coming to market this year and next is poised to change the rules of the market, International Energy Agency Executive Director Fatih Birol said on Monday.
LNG markets are turning from sellers’ markets to buyers markets’, which is pushing LNG prices down, an important point for LNG importers in Asia, he said.
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Birol also said that power demand, driven by data centres and air conditioning, is growing at levels not seen in decades in both advanced and emerging economies, and that nuclear power is making a comeback.
“Nuclear is coming back and coming back strong in terms of the lifetime extensions of the nuclear power plants in some countries, in terms of building new traditional nuclear power plants and as we have analysed in our last report, small modular reactors,” Birol said.
Reporting by Emily Chow and Florence Tan; Writing by Tony Munroe; Editing by Christian Schmollinger and Jacqueline Wong
Our Standards: The Thomson Reuters Trust Principles.
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