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Houston Chronicle: Energy Leaders Note Chinese Developments Underway

(BW) While US Points the Finger, China Gets Busy — Energy Leaders Note Chinese Developments Underway in World Energy Magazine

By Business Editors(c) 2006 Business Wire

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HOUSTON–(BUSINESS WIRE)–April 20, 2006–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.

World Energy Magazine, Television, and www.worldenergysource.com provide unparalleled access to the leadership of the Energy Industry. Visit the website to read these editorials and more.

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