Chen Deming, deputy director of the National Development and Reform Commission, attended the second Asian Ministerial Roundtable on Energy in Riyadh, Saudi Arabia, on May 2th. He emphasized that China's domestic energy development potential is huge. In the future, China will still be based on domestic solutions to the problem of energy supply.
Chen Deming, who led the Chinese delegation to the meeting, said in his speech entitled "China's Energy Development and Asian Energy Cooperation" that China is not only a big energy consumer, but also a big producer. From the past, China mainly relies on its own efforts to solve energy problems. From the current point of view, China has great potential for domestic energy development. It has never been seen that China will continue to rely on domestic solutions to the problem of energy supply.
He said that China's coal reserves are abundant, natural gas is still in the early stage of exploration, and there is still potential for increasing oil production, and there are broad prospects for the use of hydropower, wind energy, solar energy, and biomass energy. In addition, China has great potential for energy saving and consumption reduction. Given the relative lack of oil resources, China is promoting the development of coal-based polygeneration technologies such as coal liquefaction and coal-to-olefins, as well as demonstration projects, and actively developing fuel ethanol and biodiesel to reduce its dependence on oil. In the future, China has the ability to continue to rely mainly on increasing domestic supplies and vigorously saving energy to solve the energy supply problem.
Chen Deming also said that China needs a modest import of crude oil and natural gas as an essential supplement to energy supply, but China is not the main factor in the rise of international oil prices. The unstable regional situation, fund speculation and natural disasters are the main reasons for the abnormal increase in oil prices.
Chen Deming called on Asian countries to work together to maintain regional stability, expand investment in the oil and gas sector, increase energy efficiency and promote energy conservation, promote clean production, protect the ecological environment, strengthen dialogue and cooperation among governments, and play a greater role in international energy affairs.
Chen Deming, who led the Chinese delegation to the meeting, said in his speech entitled "China's Energy Development and Asian Energy Cooperation" that China is not only a big energy consumer, but also a big producer. From the past, China mainly relies on its own efforts to solve energy problems. From the current point of view, China has great potential for domestic energy development. It has never been seen that China will continue to rely on domestic solutions to the problem of energy supply.
He said that China's coal reserves are abundant, natural gas is still in the early stage of exploration, and there is still potential for increasing oil production, and there are broad prospects for the use of hydropower, wind energy, solar energy, and biomass energy. In addition, China has great potential for energy saving and consumption reduction. Given the relative lack of oil resources, China is promoting the development of coal-based polygeneration technologies such as coal liquefaction and coal-to-olefins, as well as demonstration projects, and actively developing fuel ethanol and biodiesel to reduce its dependence on oil. In the future, China has the ability to continue to rely mainly on increasing domestic supplies and vigorously saving energy to solve the energy supply problem.
Chen Deming also said that China needs a modest import of crude oil and natural gas as an essential supplement to energy supply, but China is not the main factor in the rise of international oil prices. The unstable regional situation, fund speculation and natural disasters are the main reasons for the abnormal increase in oil prices.
Chen Deming called on Asian countries to work together to maintain regional stability, expand investment in the oil and gas sector, increase energy efficiency and promote energy conservation, promote clean production, protect the ecological environment, strengthen dialogue and cooperation among governments, and play a greater role in international energy affairs.
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