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Open source and throttling
Zhou Dadi, deputy director of the China Energy Research Association, said recently that since the beginning of this year, China’s high-energy-consuming industries have continued to expand, and high-quality energy has become more dependent on imports. China’s energy balance is facing double pressures from domestic resources and environmental pressures, and increasing international energy and environmental pressure. Pressure, the situation is not optimistic. Experts suggest that new energy and energy conservation should be developed to relieve pressure.
Rising oil prices aggravate energy pressure In the recent "2008 Resource Conservation and Recycling Economy Forum," Zhou Dadi pointed out that in the first four months of this year, although the rate of expansion of China's high-energy-consuming industries has declined since the same period of last year, the growth rate is still rapid. The continued expansion of high-energy-consuming industries led to a substantial increase in energy production. Moreover, China's high-quality energy is more dependent on imports during the same period.
He said that the international oil price has reached more than US$130/barrel, and there is still a possibility of rising in the future. This has made China’s energy expenditures increase by a large margin compared to the same period of last year. According to statistics of the General Administration of Customs, in the first four months of this year, China imported 12.68 million tons of refined oil, worth US$8.68 billion, which was an increase of 9.2% and 78.6% year-on-year respectively. The rise in international coal prices over the same period also drove the soaring domestic coal prices.
Hao Hongyi, head of the policy research department of China National Petroleum Corporation, said recently that even if the dollar depreciation factor is excluded, international oil prices are also above US$90/barrel. Since the alternative share of unconventional resources and new energy will not grow too much in the short term, the essential reason for the rise in international oil prices is still the issue of supply and demand.
“According to our country’s situation, China’s oil consumption will continue to grow rapidly before 2020. In 2007, China’s oil dependence on foreign countries was as high as 44%, reaching 51.5% in the first quarter of this year, and it will continue to grow in the future. After 2040, China’s oil consumption will be flattened or steadily reduced.†Hao Hongyi said, “However, the excessively rapid growth of oil consumption and domestic supply are relatively insufficient; the continuous rise of international oil prices and the sustained and rapid development of the national economy, etc. Contradictions cannot be ignored."
Zhou Dadi said that the current pressure on domestic resources and environment is too great, the proportion of coal consumption has further increased, the pressure on energy security and economic security has increased, the ecological environment is unbearable, and the increase in CPI and PPI has been pushed up.
Open source and throttling at the same time Hao Hongyi believes that from the perspective of China’s oil companies, solving the problem of oil shortages should be mainly to increase revenue and reduce expenditure. CNPC will accelerate the development of its international business. Through its five overseas oil and gas production bases in Africa, North America, Asia-Pacific, the Middle East and Central Asia, CNPC will deploy oil refining and processing enterprises after transporting the oil to the country through the domestic northeast, northwest and southwest sea strategic channels. Ensure stable supply of oil and gas products.
Zhou Dadi pointed out that in order to alleviate the current contradiction in China's outstanding energy balance, we must speed up changes in the mode of economic development, speed up economic restructuring, implement relevant measures for energy conservation and emission reduction, accelerate the construction of a conservation-minded society, and vigorously develop nuclear power and renewable energy. He believes that solar energy has the greatest potential among many renewable energy sources, but how much energy use depends on the further development of science and technology. China's hydropower technology and economic development volume is about 400 million kilowatts, and it is currently only 1/3 developed, and hydropower is still the focus of development in the next 20 years.
Zhou Dadi, deputy director of the China Energy Research Association, said recently that since the beginning of this year, China’s high-energy-consuming industries have continued to expand, and high-quality energy has become more dependent on imports. China’s energy balance is facing double pressures from domestic resources and environmental pressures, and increasing international energy and environmental pressure. Pressure, the situation is not optimistic. Experts suggest that new energy and energy conservation should be developed to relieve pressure.
Rising oil prices aggravate energy pressure In the recent "2008 Resource Conservation and Recycling Economy Forum," Zhou Dadi pointed out that in the first four months of this year, although the rate of expansion of China's high-energy-consuming industries has declined since the same period of last year, the growth rate is still rapid. The continued expansion of high-energy-consuming industries led to a substantial increase in energy production. Moreover, China's high-quality energy is more dependent on imports during the same period.
He said that the international oil price has reached more than US$130/barrel, and there is still a possibility of rising in the future. This has made China’s energy expenditures increase by a large margin compared to the same period of last year. According to statistics of the General Administration of Customs, in the first four months of this year, China imported 12.68 million tons of refined oil, worth US$8.68 billion, which was an increase of 9.2% and 78.6% year-on-year respectively. The rise in international coal prices over the same period also drove the soaring domestic coal prices.
Hao Hongyi, head of the policy research department of China National Petroleum Corporation, said recently that even if the dollar depreciation factor is excluded, international oil prices are also above US$90/barrel. Since the alternative share of unconventional resources and new energy will not grow too much in the short term, the essential reason for the rise in international oil prices is still the issue of supply and demand.
“According to our country’s situation, China’s oil consumption will continue to grow rapidly before 2020. In 2007, China’s oil dependence on foreign countries was as high as 44%, reaching 51.5% in the first quarter of this year, and it will continue to grow in the future. After 2040, China’s oil consumption will be flattened or steadily reduced.†Hao Hongyi said, “However, the excessively rapid growth of oil consumption and domestic supply are relatively insufficient; the continuous rise of international oil prices and the sustained and rapid development of the national economy, etc. Contradictions cannot be ignored."
Zhou Dadi said that the current pressure on domestic resources and environment is too great, the proportion of coal consumption has further increased, the pressure on energy security and economic security has increased, the ecological environment is unbearable, and the increase in CPI and PPI has been pushed up.
Open source and throttling at the same time Hao Hongyi believes that from the perspective of China’s oil companies, solving the problem of oil shortages should be mainly to increase revenue and reduce expenditure. CNPC will accelerate the development of its international business. Through its five overseas oil and gas production bases in Africa, North America, Asia-Pacific, the Middle East and Central Asia, CNPC will deploy oil refining and processing enterprises after transporting the oil to the country through the domestic northeast, northwest and southwest sea strategic channels. Ensure stable supply of oil and gas products.
Zhou Dadi pointed out that in order to alleviate the current contradiction in China's outstanding energy balance, we must speed up changes in the mode of economic development, speed up economic restructuring, implement relevant measures for energy conservation and emission reduction, accelerate the construction of a conservation-minded society, and vigorously develop nuclear power and renewable energy. He believes that solar energy has the greatest potential among many renewable energy sources, but how much energy use depends on the further development of science and technology. China's hydropower technology and economic development volume is about 400 million kilowatts, and it is currently only 1/3 developed, and hydropower is still the focus of development in the next 20 years.
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