The reporter learned from the press conference held by the National Development and Reform Commission today that during the “15th Five-Year Plan” period, China will speed up the construction of a number of national oil and gas strategic support bases to promote a steady increase in crude oil production and a rapid increase in natural gas production, making the domestic energy supply more emboldened. According to Ge Ju, Deputy Director of the Development Planning Department of the National Energy Administration, since this year, in the face of turbulent changes in the international situation and sharp fluctuations in the global oil and gas market, China has made comprehensive use of both domestic and international markets and resources to increase oil and gas storage and production, and actively reduce crude oil imports. On the basis of ensuring a stable and orderly domestic supply, it has effectively hedged the global supply gap caused by the blockade of the Strait of Hormuz, and has made positive contributions to maintaining the stability of the international oil and gas market. The next step will be to further coordinate domestic supply and diversified imports to strengthen oil and gas safety and security. Highlights include thoroughly implementing the 10-year action plan for oil and gas exploration and development, speeding up the construction of a number of national oil and gas strategic support bases, insisting on increasing the volume of deep-sea, deep, unconventional and old oil and gas fields, promoting a steady increase in crude oil production and rapid growth in natural gas production, and making domestic supply more motivated. At the same time, we are building a major oil reserve system, planning a number of major natural gas storage projects, and focusing on improving emergency peak shifting and peak supply capacity for natural gas.
Zhitongcaijing · 2d ago
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The reporter learned from the press conference held by the National Development and Reform Commission today that during the “15th Five-Year Plan” period, China will speed up the construction of a number of national oil and gas strategic support bases to promote a steady increase in crude oil production and a rapid increase in natural gas production, making the domestic energy supply more emboldened. According to Ge Ju, Deputy Director of the Development Planning Department of the National Energy Administration, since this year, in the face of turbulent changes in the international situation and sharp fluctuations in the global oil and gas market, China has made comprehensive use of both domestic and international markets and resources to increase oil and gas storage and production, and actively reduce crude oil imports. On the basis of ensuring a stable and orderly domestic supply, it has effectively hedged the global supply gap caused by the blockade of the Strait of Hormuz, and has made positive contributions to maintaining the stability of the international oil and gas market. The next step will be to further coordinate domestic supply and diversified imports to strengthen oil and gas safety and security. Highlights include thoroughly implementing the 10-year action plan for oil and gas exploration and development, speeding up the construction of a number of national oil and gas strategic support bases, insisting on increasing the volume of deep-sea, deep, unconventional and old oil and gas fields, promoting a steady increase in crude oil production and rapid growth in natural gas production, and making domestic supply more motivated. At the same time, we are building a major oil reserve system, planning a number of major natural gas storage projects, and focusing on improving emergency peak shifting and peak supply capacity for natural gas.
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