China's oil, gas output hits record high in 2023

Time:2024-01-11 15:16:10      Source:Xinhuanet.com

China's total crude oil and natural gas output exceeded 390 million tonnes of oil equivalent in 2023, hitting a historic high, according to the National Energy Administration on Tuesday.

The country's crude oil output reached 208 million tonnes last year, increasing by more than 3 million tonnes compared with the level registered in 2022, said Liu Hong, an official with the administration.

The figure also represents an increase in output of nearly 19 million tonnes compared with the 2018 level, said Liu.

Specifically, offshore crude oil output reached 62 million tonnes, which contributed more than 60 percent of the total increase in the country's oil output. Shale oil production exceeded 4 million tonnes, representing a record high.

Natural gas output reached 230 billion cubic meters last year, maintaining an annual increase of 10 billion cubic meters for the seventh consecutive year, said Liu.

Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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