Build a solid foundation for energy security and promote steady growth in crude oil production and rapid growth in natural gas production
The National Energy Administration stated that China will accelerate the construction of a national-level oil and gas strategic support base, promote the steady increase of crude oil production and the rapid growth of natural gas production, and coordinate domestic supply and diversified imports to ensure a stable supply of oil and gas.
AI-generated summary
The National Development and Reform Commission held a series of press conferences for the "15th Five-Year Plan" to introduce the situation of building a secure foundation. Ge Ju, deputy director of the Development Planning Department of the National Energy Administration, introduced China’s considerations for increasing oil and gas reserves, increasing production and ensuring safety.
China News Service, November 6th. The National Development and Reform Commission held a series of press conferences for the "15th Five-Year Plan" on the morning of the 6th to introduce the situation of building a secure foundation. Ge Ju, deputy director of the Development Planning Department of the National Energy Administration, introduced at the meeting that my country will speed up the construction of a number of national-level oil and gas strategic support bases, insist on increasing the number of deep sea, deep ground, unconventional and mature oil and gas fields, promote steady growth in crude oil production, and rapid growth in natural gas production, so as to make domestic supply more confident.
At the meeting, a reporter asked, since this year, in the face of the global oil and gas shock caused by the blockade of the Strait of Hormuz and the conflict in the Middle East, how effective has my country been in responding? In order to ensure a stable supply of energy and chemical raw materials, what are the next steps to consider in terms of increasing oil and gas reserves and production, diversifying imports, and complementing sea and land channels?
Ge Ju said that since the beginning of this year, in the face of turbulent changes in the international situation and violent fluctuations in the global oil and gas market, my country has made coordinated use of both domestic and international markets and resources, increased oil and gas reserves and production, and proactively reduced crude oil imports. On the basis of ensuring stable and orderly domestic supply, it has effectively hedged the global supply gap caused by the blockade of the Strait of Hormuz, and made positive contributions to maintaining the stability of the international oil and gas market. In the next step, we will further coordinate domestic supply and diversified imports to strengthen oil and gas security.
On the one hand, we must do a good job in building domestic supply capacity. We will thoroughly implement the ten-year action plan for oil and gas exploration and development, increase investment and workload, and consolidate the resource base. Focusing on key oil and gas basins such as the Ordos, Bohai Bay, Sichuan and Chongqing, Tarim, and Songliao, we will accelerate the construction of a number of national-level oil and gas strategic support bases, insist on increasing the amount of deep sea, deep ground, unconventional and old oil and gas fields, promote a steady increase in crude oil production, and rapid growth in natural gas production, so that domestic supply will be more confident. At the same time, we should give better play to the role of "regulator" and "ballast stone" of oil and gas reserves, build a major country's oil reserve system, adhere to "large warehouses, large stations, and intensive layout", plan a number of major natural gas reserve projects, and strive to improve natural gas emergency peak shaving and peak supply capabilities.
On the other hand, we should ensure diversified imports. At present, it has carried out oil and gas trade cooperation with nearly 50 countries around the world, and its import sources cover the world's major oil and gas exporting countries. International oil and gas cooperation is stable and reliable. During the "15th Five-Year Plan" period, we will further expand the "circle of friends" for oil and gas cooperation, strengthen cooperation in major overseas oil and gas producing areas, and enhance the diversification of sources and channels. At the same time, we will consolidate and expand land strategic import channels, maintain the safety of maritime channels, and ensure that oil and gas can be purchased and transported.
AI outlook — possibilities, not facts
During the "15th Five-Year Plan" period, China will accelerate the construction of a number of national-level strategic oil and gas support bases to promote steady growth in crude oil production and rapid growth in natural gas production.
Very likely · Within years
China will further consolidate and expand strategic land import channels, maintain the safety of maritime channels, and diversify oil and gas sources and channels.
Likely · Within years

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