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China has surpassed Japan to become world's largest importer of natural gas, with China's drive for a cleaner environment and a bluer sky on the increase, reports Bloomberg.

In order to meet President Xi Jinping's goal of cutting pollution, many factories and households have abandoned coal boilers, turning to natural gas instead, especially in the northern part of China.

New data released by the General Administration of Customs shows 7.41 million metric tons of natural gas was imported into China through pipelines and seaborne tankers in May. This puts the total import of natural gas through the first five months at 34.9 million tons. This number has surpassed Japan's imports during the same period, which has come in at 34.5 million tons.

In addition, it is expected this country will become world's biggest liquefied natural gas importer by 2021, with growth in domestic production and pipelines unable to keep pace with demand, according to a report by analysts with JPMorgan Chase.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2018 will be held at Meijiang Convention and Exhibition Center in Tianjin in October 18-20, 2018. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: www.chinaminingtj.org.

China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday

The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials

The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China's southern Hainan island, with an average operational depth of 1,500 metres, according to a Reuters report from that year

CNOOC is ready to start building a subsea level platform used for drilling, Xinhua said.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2018 will be held at Meijiang Convention and Exhibition Center in Tianjin in October 18-20, 2018. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: www.chinaminingtj.org.

China is developing new energy sources by converting coal into diesel.

Chinese steel futures edged lower on Monday after recent sharp gains that pushed the metal to a six-month high last week, but a firm outlook for demand limited price losses.

The China Iron Ore Price Index went down slightly at the end of May due to increased government measures to curb pollution, according to the China Iron and Steel Association (CISA).

Chinese companies are expected to invest up to $10 billion in Peru in sectors including energy and mines, telecommunications, construction and financing over the next three years, an official said.

China's offshore resource exploitation technology can benefit countries involved in the Belt and Road initiative,

Mining giant Rio Tinto and China's State-owned Minmetals have signed a contract for a 50-50 joint venture to explore mineral deposits in China, which analyst called a win-win situation as it would enable both sides to maximize their individual advantages in exploring, developing and sales and marketing.