According to the National Energy Administration's (NEA) annual production plan, this year China could increase crude oil production by 1 percent to 3.85 million barrels per day (BPD) and natural gas production by 4.3 percent.
To increase its domestic oil and gas production, for much of its supplies as both commodities import, China fosters efforts to develop oil and gas-rich regions in Bohai Bay offshore North China in the Sichuan Province, Erdos Basin. Will give. , And the far western region of Xinjiang.
China aims to keep some 900 GW (GW) of non-fossil fuel power generation capacity installed in 2020, up from 820 GW at the end of 2019, and reduce coal share in its primary energy mix with 57.7 percent to 57.7 percent. Will happen. Per cent last year as planned.
Last year, China's crude oil production increased for the first time in four years, when the government asked local state oil majors to promote the development and production of local resources to increase the energy security of the world's top oil importer. requested.
Domestic crude oil production of China is increased by 0.8 per cent in 2019 with a small increase, as per the data of National Bureau of Statistics of Caixin Global, China.
At the same time, a record amount of crude oil was imported into China last year due to refinery capacity, strategic inventory filling, and nearChina wants to boost its oil and gas production in 2020ly flat domestic production, which averaged 10.1 million BPD, up from the 2018 average of 900,000 BPD.
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According to Xinhua, China's natural gas production in 2019 has accelerated in 2018. China's natural gas production increased by 11.5 percent last year, compared to a 7.5 percent annual growth in 2018, according to official data reported by Xinhua.
Between January and May this year, China's crude oil production increased by 1.9 percent year-on-year, while production increased by 1.3 percent in May alone, according to government data.
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