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Challenges and Opportunities of China Oil & Gas Industry

Challenges and Opportunities of China Oil & Gas Industry
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摘要 Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases considerably. Gas demand grows at medium speed, and supply meets demand in general. Alternative energy dominated by gas and electricity will develop faster. As crude oil import right is gradually liberalized, domestic oil market structure will be changed. Oil price drop brings the best opportunity for oil and gas market reform, and environmental protection becomes main force boosting natural gas development. Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases considerably. Gas demand grows at medium speed, and supply meets demand in general. Alternative energy dominated by gas and electricity will develop faster. As crude oil import right is gradually liberalized, domestic oil market structure will be changed. Oil price drop brings the best opportunity for oil and gas market reform, and environmental protection becomes main force boosting natural gas development. Key words: oil, natural gas, transition,
作者 Qian Xingkun
出处 《China Oil & Gas》 CAS 2015年第2期26-32,共7页 中国油气(英文版)
关键词 OIL natural gas TRANSITION OPPORTUNITY 石油天然气工业 中国经济 天然气需求 天然气市场 天然气开发 替代能源 原油进口 发生变化
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