China Says Oil to Exceed 50 Percent of Its Energy by 2010


China will rely on oil for more than half of its by 2010, when net imports will rise to between 180 million tons and 200 million tons of oil a year, a Chinese official said.

“China should import more energy – that’s the picture for oil and gas,” Gao Shixian, director of energy economics and development strategy at China’s National Development and Reform Commission, said at a conference in London today. “Energy diversification is a priority for China.”

The world’s second-largest oil consumer after the U.S., China relies on coal for two-third’s of its energy. Rapid growth in Chinese demand helped send oil prices to record levels last year.

Categories :

Tags :


CDT on Twitter

Google Ads 1


Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.