Domestic energy demand may slow down in 2011

Recently, Wang Siqiang, deputy director of the Comprehensive Division of the National Energy Administration, stated at the “Energy Economic Situation Conference” that in 2011, under the constraint of resource and environment, energy conservation and emission reduction targets, energy demand will rise steadily, but the growth rate will decline. The overall balance between market supply and demand, new energy and renewable energy usher in a new period of development opportunities.
Zhou Xiujie, researcher of China Investment Advisor Energy Industry, pointed out that according to relevant data, China's raw coal output in 2010 was approximately 3.2 billion tons, an increase of approximately 300 million tons compared with 2009. Among them, coal production in Inner Mongolia, Shanxi, and other places have made major breakthroughs in 2010, and they have reached over 700 million tons for the first time. At the same time, China’s coal imports also maintained a relatively high growth rate in 2010. In 2010, China's apparent coal consumption amounted to about 334-3.4 billion tons. Compared with 2009, China's coal demand has maintained a strong growth momentum last year.
At the same time, China continued to maintain a relatively high demand for oil in terms of oil consumption. In 2010, China experienced large-scale oil shortages on several occasions. In addition, after China’s crude oil dependence in foreign countries exceeded 50% in 2009, China’s The continued increase in dependence on the degree of dependence indicates that the contradiction between China’s rapidly growing oil demand and the slow-growing oil production capacity is constantly increasing. In 2011, China’s coal and oil demand will continue to grow upwards, but the growth rate may slow down from before.
Different from the slowdown in the growth of coal and oil demand, China's natural gas demand will continue to maintain a relatively rapid growth, and it may even show an accelerated growth trend. The continued rapid growth of natural gas demand is inseparable from the established energy strategy planning in China. According to China's energy strategy plan, by the end of the “Twelfth Five-Year Plan”, the proportion of natural gas in China’s energy consumption structure will be 4% from the current level. Increased to about 8%. In 2010, China's apparent natural gas consumption was 107.3 billion cubic meters, a year-on-year increase of 20.9%.
The "2010-2015 China Energy Industry Investment Analysis and Forecast Report" released by China Investment Advisors pointed out that the focus of China's energy industry during the "12th Five-Year Plan" period will be on structural adjustment, mainly to adjust various energy products in China's energy consumption. The composition of the structure. Specifically, it is necessary to reduce the proportion of coal in China’s energy consumption structure and increase the proportion of natural gas and other new and renewable energy sources in China’s energy consumption structure.

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