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2017-07-17 14:10:00

CHINA'S ENERGY DEMAND UP

CHINA'S ENERGY DEMAND UP

SHANGHAIDAILY - CHINA will accelerate expanding oil and gas distribution in the next decade to ensure energy security and help boost industry, its top economic and energy planners said.

The nation will have an oil and gas distribution network as long as 240,000 kilometers by 2025, up from 112,000 km at the end of 2015, according to a plan by the National Development and Reform Commission and the National Energy Administration.

Despite great achievements over recent years, China needs to accelerate increasing its energy distribution to support surging demand.

Focus will be on the northeast, northwest and southwest regions, which lack tunnels to export oil and gas.

The nation will also speed up digitizing the networks to ensure maintenance of the tunnels, helped by more advanced information technology.

China expects to improve energy supply and transport self-sufficiency in the next decade and will upgrade equipment to help it better deal with natural disasters.

Upgrading the energy transport system will also boost the heavy machinery industry and engineering industries.

The developing energy network will cover the country. Oil channels will reach cities with more than 1 million residents and the gas network will cover those with at least 500,000 by 2025. Officials also set a mid-term target for the network to reach 169,000 km by 2020. Natural gas will be given higher priority for development.

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Earlier: 

RUSSIAN GAS FOR CHINA 

AUSTRALIA - CHINA LNG UP 

CHINA'S RENEWABLE INVESTMENT: $368 BLN 

CHINA: THE TOP BUYER ANEW 

CHINA'S OIL & GAS REFORM 

SOUTH CHINA SEA GAS 

CHINA'S GLOBAL ENERGY

 

 

 

Tags: CHINA, OIL, GAS, ENERGY, DEMAND
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CHINA'S ENERGY DEMAND UP September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

CHINA'S ENERGY DEMAND UP September, 21, 10:45:00

UNEXPECTED OIL PRICES

CHINA'S ENERGY DEMAND UP September, 21, 10:40:00

OIL MARKET UNCERTAINTY

CHINA'S ENERGY DEMAND UP September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

CHINA'S ENERGY DEMAND UP September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

CHINA'S ENERGY DEMAND UP
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

CHINA'S ENERGY DEMAND UP
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

CHINA'S ENERGY DEMAND UP
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

CHINA'S ENERGY DEMAND UP
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »