Abstract The Economic and Technological Research Institute released a report on the 28th that in 2014, China's dependence on foreign oil was close to 60%, and natural gas dependence increased to 32.2%. At the same time, China's energy consumption growth has slowed sharply and the energy consumption structure has further improved. "20...
According to a report released by the Economic and Technological Research Institute on the 28th, in 2014, China's dependence on foreign oil was close to 60%, and the dependence on natural gas rose to 32.2%. At the same time, China's energy consumption growth has slowed sharply and the energy consumption structure has further improved. According to the 2014 Domestic and Foreign Oil and Gas Industry Development Report, in 2014, China's total energy consumption was estimated at 3.85 billion tons of standard coal, an increase of 100 million tons of standard coal, an increase of 2.7%. The growth rate slowed down year by year. Among them, the annual coal consumption is estimated to reach 2.46 billion tons of standard coal, down 0.5% year-on-year, the first decline since the 21st century. The electricity consumption of the whole society increased by 3.7%, the lowest growth rate since 2009.
According to the report, in 2014, China's new energy (29.34, 1.29, 4.60%) and renewable energy continued to grow rapidly, and the energy consumption structure was significantly improved. The proportion of coal consumption in primary energy consumption decreased by 2.1 percentage points to 63.9%, the proportion of natural gas increased by 0.5 percentage points to 6.3%, oil remained basically unchanged at 18.5%, and non-fossil energy consumption increased by 1.5. The percentage points to 11.3%.
According to the report, China's domestic oil consumption continued to grow at a low rate in 2014, and the estimated annual consumption of oil was 518 million tons. Excluding inventory increments, actual oil consumption growth was about 2.8%, which was basically the same as in 2013. The net import of oil for the whole year was 308 million tons, and the dependence on foreign oil reached 59.5%, an increase of 1.1 percentage points over the previous year.
According to the report, the apparent consumption of natural gas last year was 183 billion cubic meters, an increase of 8.9% year-on-year, and the growth rate was a low of nearly 10 years. Among them, natural gas imports were 59 billion cubic meters, up 11.5% year-on-year, and external dependence rose to 32.2%.
According to the report, as of the end of 2014, China has built 6 national strategic oil reserve bases with a reserve capacity of 141 million barrels and 25 commercial oil reserve bases with a reserve capacity of 307 million barrels.
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