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

From Bloomberg.com:

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 :

SUPPORT CDT

Tweets

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

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.