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Annual Report on China’s Petroleum, Gas and New Energy Industry (2021)

Part of the Current Chinese Economic Report Series Book Series

Editors: Cai, Fang; Ma, Yongsheng; Jin, Zhijun

DOI: 10.1007/978-981-19-6076-5

ISBN: 978-981-19-6075-8

Publisher: Springer Nature Singapore - Springer Journals

Oct 24, 2022

1 - 10 of 15 Chapters

LitStream

Prospects for China’s Economic Development During the 14th Five-Year Plan Period

Liu, Qiang

Pages: 3 –24

[Although the goals of the 13th Five-Year Plan have been successfully achieved, China is still facing a complicated new situation during the 14th Five-Year Plan period. Meanwhile, there is also a vigorous momentum of development. This paper analyzes the development momentum and major challenges...
LitStream

China’s Energy Transition with the Scenario of Carbon Neutrality, Outlook by 2060

Liu, Qiang; Wang, Qia; Hong, Qianqian

Pages: 25 –44

[The joint efforts of all countries are required to cope with climate change. It is an important mission entrusted by the times to the energy sector for China to achieve the goal of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060 and promote the construction of...
LitStream

Economic Growth and Energy Consumption: Four-Dimensional Comparison of Aggregate, Elasticity, Intensity and Structure Among Economies

Hu, Anjun; Jing, Yuqi

Pages: 45 –81

[To study the relationship between economic growth and total energy consumption, elasticity, intensity and structure of representative economies. Data analysis shows that Kuznets inverted U curve is also applicable in the energy field, and energy consumption in most developed economies has...
LitStream

In-Depth Analysis on International Oil Market in Post-pandemic Era

Shi, Lei; Wang, Pei; Wang, Yuan

Pages: 85 –100

[Affected by the COVID-19 pandemic, the global oil industry suffered its biggest demand shrinking decline in history in 2020. Oil prices fell to a 16-year low, and oil benchmark WTI once hit an unprecedented negative price. The global oil refining also suffered heavy losses and nearly 100 million...
LitStream

Analysis and Prospect on Global Oil Supply Under the Production Reduction of OPEC+

Na, Ren; Hongmei, Zhang

Pages: 101 –114

[In 2020, the global oil supply has experienced the largest decline in history due to the COVID-19. “OPEC+” oil producers have reached the largest production reduction agreement in history, and the effect on limiting production to ensure price is obvious. The political upheaval in countries with...
LitStream

Review and Medium- and Long-Term Prospect of Global Oil Demand

Cai, Yi; Qin, Zhiyuan

Pages: 115 –128

[In 2020, a sudden COVID-19 swept across the world and intensified. Major countries introduced strict control measures to control the pandemic, which led to a serious recession in economy and a dramatic decline in oil demand. In April, the global oil demand shrank by 23 mmbd, and the annual oil...
LitStream

Development Status and Prospect of World Oil Refining

Han, Li; Di, Hu

Pages: 129 –143

[In 2020, with the heavy blow on oil demand caused by the COVID-19 and the high inventory of products and crude oil in the world, the world oil refining suffered heavy losses, and refineries around the world closed down in largest scale since the financial crisis. According to preliminary...
LitStream

Analysis on the New Pattern of Global Crude Oil Trade

Xia, Xiaoyuan; Huang, Xiaoying

Pages: 145 –158

[Since 2020, the COVID-19 pandemic has had a profound impact on the global oil industry. In that year, oil demand fell sharply, refinery operating rate fell sharply, and crude oil trade shrank significantly. In 2020, the total volume of global crude oil trade decreased by 7% year-on-year to 42.23...
LitStream

Production and Consumption of Natural Gas in China and Its Prospects

Chen, Rui; Sun, Wenyu

Pages: 161 –172

[In 2020, affected by the COVID-19, the growth of China’s natural gas consumption slowed down. The growth rate of major gas industries such as urban gas, industrial gas, power generation, fertilizer and chemical industry slowed down to varying degrees compared with the previous year, among which...
LitStream

Progress and Prospect on Market-Oriented Reform of Natural Gas Industry in China

Bai, Jun

Pages: 173 –193

[Market-oriented reform, or liberalization, of natural gas industry is part of China’s so-called socialist market economy construction that aims to let the market, instead of the government, play a decisive role in allocating scarce resources. Various efforts have been made to enhance competition...

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