China sets targets for energy consumption, with oil production at 193 mln tons

Recently, the National Energy Administration (NEA) issued the Guiding Opinions on Energy Work in 2020.
It put forward a series of expected goals for 2020: the total national energy consumption will not exceed 5 billion tons of standard coal, and the proportion of coal consumption to drop to about 57.5%.

Recently, the National Energy Administration (NEA) issued the Guiding Opinions on Energy Work in 2020.

It put forward a series of expected goals for 2020: the total national energy consumption will not exceed 5 billion tons of standard coal, and the proportion of coal consumption to drop to about 57.5%.

In comparison, it is expected that oil production will be approximately 193 million tons, natural gas production will be approximately 181 billion cubic meters, and installed capacity of non-fossil energy power generation will reach approximately 900 million kilowatts.

In this situation, the construction of a large number of pipeline networks and gas storage facilities, smart grids, and charging facilities will also be accelerated.

The Opinions suggest that China should accelerate the construction of natural gas production, supply, storage and marketing system while increasing oil and gas exploration and development efforts.

The government should speed up the construction of pipeline networks and gas storage facilities, enhance the interconnection of natural gas pipelines and the transmission capacity in key areas, and accelerate the formation of a unified national pipeline network.

It will also strengthen the ability to substitute oil and gas, start the construction of biogas projects, study and increase policy support, and promote the development of biogas industrialization.

The National Energy Administration stated that it will:

  1. Optimize the coal-to-electricity production capacity structure;
  2. Promote the green development and utilization of coal;
  3. Improve the safety and intelligence of the power grid;
  4. Enhance the system reserve adjustment ability;
  5. Improve the development quality of the oil refining industry;
  6. Orderly build key projects of inter-provincial and inter-regional transmission channels;
  7. Promote the construction of smart grids in the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen Socialist Pilot Demonstration Zone, and Hainan Free Trade Zone (Hong Kong);
  8. Strengthen the construction of charging infrastructure and enhance the ability to guarantee the charging of new energy vehicles;
  9. Enhance the system reserve adjustment capability.

Source: NEA

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/27/china-sets-targets-for-energy-consumption-with-oil-production-at-193-mln-tons/.

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