China Unveils Domestic Oil, Gas Buildout Strategy
7 Articles
7 Articles
(Beijing=Yonhap News) Correspondent Han Jong-gu = China has decided to increase domestic oil and natural gas production and construct additional oil and gas pipelines to strengthen energy security...
China’s five-year plan for its oil and gas sector
China unveiled its 15th five-year plan for the oil and gas sector on August 17. The nation aims for domestic oil and gas production equal to 440 million tonnes of oil equivalent by 2030, a 5 per cent increase over its 2025 output. Below are key targets of the blueprint, which was released jointly by the National Development and Reform Commission and National Energy Administration. See below for the original document in Chinese: China's 15th five…
China Maps Out Oil and Gas Buildout Through 2030 to Strengthen Energy Security
China Maps Out Oil and Gas Buildout Through 2030 to Strengthen Energy Security - Beijing’s new sector plan targets higher domestic output, more pipelines and larger reserves, while also preparing for peak oil demand and a gradual shift toward lower-carbon fuels
China's National Energy Administration plans to increase domestic oil and natural gas supply to 440 million tons of oil equivalent by 2030, expand its pipeline network to 220,000 kilometers, and raise natural gas reserves to 13 percent of national consumption. The new five-year plan emphasizes energy security, infrastructure development, green transformation, and international cooperation, while production reached a record high of 420 million to…
China unveils domestic oil, gas buildout strategy
China has unveiled a strategic plan for its oil and gas sector through 2030, setting targets for a broad expansion of domestic production, pipeline infrastructure and storage capacity, reports Caixin. This comes as Beijing seeks to bolster energy security. The blueprint highlights two priorities: reducing exposure to global supply disruptions, sharpened by recent conflict in the […]
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