China vows to upgrade energy production, consumption, ensure energy security

Time:2019-10-12 11:01:56      Source: xinhuanet.com
China will promote the transformation and upgrading of energy production and consumption, and safeguard energy security in a bid to improve people's livelihood, according to a meeting presided over by Premier Li Keqiang on Friday.
 
Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the national energy committee, said guaranteeing the nation's energy supply is a long-term strategic task.
 
As coal accounts for a major part of China's energy consumption, efforts are needed to make scientific coal exploration plans and promote green coal mining, Li said.
 
To further diversify the energy supply, the country will strengthen domestic oil and gas exploration, deepen international oil and gas cooperation, as well as foster the development of renewable energy such as hydropower and wind power, he said.
 
Li also stressed facilitating energy savings by enhancing energy conservation in key areas including transportation and construction, advocating green lifestyles and consumer culture as well as promoting the application of energy-saving products.
 
The meeting also demanded innovation in high-quality energy development.
Market-oriented reforms in the energy sector should be further promoted, said Li, calling for widening market access in many areas such as oil and gas exploration and liquified natural gas receiving stations.
 
Friday's meeting also called for tangible measures to fulfill the energy needs of the upcoming winter heating season.
 
The supply of natural gas should be guaranteed by coordinating its production, storage, transportation and sales, while coal supply for heating in the country's northeastern provinces should be safeguarded, said Li.
 
Vice Premier Han Zheng, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and vice head of the national energy committee, also attended the meeting.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-18
Shuozhou 5200 435 0 FOR 06-18
Ordos 5500 415 0 ex-mine 06-18
Yulin 6200 535 0 ex-mine 06-18
Liulin Low-sulphur 560 0 ex-mine 06-18
Gujiao Low-sulphur 1095 0 FOR 06-18
Xingtai Low-sulphur 1210 0 ex-Factory 06-18
Yangquan PCI 770 0 FOR 06-18
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