Bloomberg China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand. The move marks a “key step” in China’s efforts to deepen reforms of its oil and gas sector, the official Xinhua News Agency said. The government will merge ...

Bloomberg South Africa’s struggling power utility warned rolling blackouts may continue throughout the week as electricity cuts extended to a fifth day. Eskom Holdings SOC Ltd announced it will cut 4,000 megawatts from the grid on Monday, double the initial prognosis, after losing additional generating units at its power stations. While most of the utility’s problems emanate from plant failures, ...

For all the good intentions of the governments gathered in Madrid, a humbling reality hangs over the latest climate change conference. The effectiveness of what is agreed and done will ultimately stand or fall on the actions of just one country: China. It was the rise of China and to a lesser extent India, with their associated energy demands, that ...