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China's oil and gas market to usher in a good time to deepen reform

China's oil and gas market to usher in a good time to deepen reform

  • Categories:Industry News
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  • Time of issue:2020-03-31 14:57
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China's oil and gas market to usher in a good time to deepen reform

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information
October 29 to 30, China Petroleum and Chemical Industry Federation jointly organized by the special committee of petroleum and natural gas and Guangdong Province Jieyang City People's Government of China's oil market development new trend forum will be held in Jieyang. Representatives of the participating representatives, in the domestic market diversification, global production capacity continues to increase the pattern of oil and gas market competition is increasing.
China Petrochemical Association vice president, oil and gas Committee, senior associate director Li Runsheng at the meeting pointed out that the market diversification and marketing model innovation, increasing the vitality of the market at the same time, but also exacerbated the market competition. How to promote industrialization and informationization of the deep integration of industrialization and informatization, and realize the transformation and upgrading of oil and gas industry is a major issue in front of the industry.
China Petrochemical Economic and technical research institute Marketing Strategy Research Institute Ke Xiaoming said, by the United States and the Middle East region to increase the impact of refined oil exports, the future of the Asia Pacific region will be squeezed oil in the region is dominated by the balance, which will be China's exports of refined oil. The gradual increase in oil demand will continue to drive the upgrading of oil refining capacity, is expected in 2025 global oil refining capacity will exceed 50 tons.
China Petroleum Technology Research Institute of natural gas Market Research Institute deputy director Wang Haibo said, China's natural gas demand growth has slowed down. From 2000 to 2013 is the golden age of the natural gas market, natural gas consumption an average annual growth rate of 16.1%. But in 2014 the growth rate fell to 8.6%, this year 1~9 month further slowed to 2.5%. Natural gas supply began to appear in excess. At present, China's "Twelfth Five Year" plan proposed in 2015 to reach 230000000000 cubic meters of natural supply has been achieved in advance, but from this year's 1~9 month data, is expected this year, only about 192000000000 cubic meters, the conservative estimate of excess capacity in more than 1000000 cubic meters. Coupled with a large number of recent import and trade contracts to enter the implementation of the window, the trend of excess resources.
In addition, the impact of the development of China's natural gas market and the bottleneck of the development of the construction of storage facilities lag. Such as the current state of the gas pipeline 65000 km, equivalent to the level of the United States in the last century 50's. The United States of America's land area is equivalent to China, but it has a pipeline of 500000 kilometers.
However, China's natural gas market has great potential. Wang Haibo introduction, in 2014 China's per capita consumption of natural gas 135 cubic meters, accounting for a total of 6% of the total energy consumption, while the world's per capita natural gas consumption of 467 cubic meters, accounting for 23.7% of the total energy consumption. Compared with developed countries, China's natural gas market is still in the primary stage. Natural gas as a clean energy, alternative coal is also in line with the requirements of environmental protection and carbon emission reduction.
Qian Xingkun, vice president of the China Petroleum Technology Research Institute, said, in the long run, China is still in the middle and late industrialization, oil demand will continue to grow steadily. On the other hand, with the promotion of industrialization and urbanization, economic development and population growth on the demand for oil and petrochemical products will have a certain role in promoting.
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