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| Challenges and Opportunities of China Oil & Gas Industry |
| CNPC Economics & Technology Research Institute |
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Abstract Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and
gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases considerably. Gas demand grows
at medium speed, and supply meets demand in general. Alternative energy dominated by gas and electricity will develop faster.
As crude oil import right is gradually liberalized, domestic oil market structure will be changed. Oil price drop brings the best
opportunity for oil and gas market reform, and environmental protection becomes main force boosting natural gas development.
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Published: 05 August 2015
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| [1] |
Qiu Lin. Technology and Practice of Stabilizing Oil Production and Controlling Water Cut in Kalamkas Oilfield in Central Asia[J]. China Oil & Gas, 2015, 22(4): 48-54. |
| [2] |
Qu Debin, Qu Haixu, Zhao Meng, Li Feng, An Qi'er. Challenges of Oil Companies' Upstream Business under Low Oil Price Condition[J]. China Oil & Gas, 2015, 22(4): 33-38. |
| [3] |
Guan Bo. Potential of Cooperation on Oil & Gas Market in Northeast Asia[J]. China Oil & Gas, 2015, 22(4): 23-28. |
| [4] |
Yang Yun, Mi Wenxue. Strategies of Chinese Offshore Oil Engineering Companies to Go Global[J]. China Oil & Gas, 2015, 22(4): 17-22. |
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2015, Vol. 22 
