China's energy import volume still on the rise

13:38, March 23, 2010      

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The overall situation of China's energy industry took a turn for the better and basically stabilized last year, and China's energy import volume will keep increasing this year, disclosed an official from the National Energy Administration (NEA) on March 22.

Huang Li, deputy director of the Energy Conservation and Scientific Equipment Department under the NEA, said at the 2010 International Forum on the Development of the Petroleum and Petrochemical Equipment Industry that the overall situation of China's energy industry will be characterized by a tight supply in the first quarter, an alleviation of the tight supply in the second quarter and a balance between supply and demand at the end of the year.

According to Huang, China's net import volume of coal will reach 100 million tons this year despite the fact that its annual coal output will reach 3.15 billion tons. At the same time, China's power sector will witness a balance between supply and demand, with the annual power generation increasing by 8.5 percent from the previous year. The newly-installed capacity will reach 75 million kW, the newly-installed capacity of the country's hydropower stations will reach 200 million kW, and the annual electricity demand will increase by 7 percent.

Huang said that China's refined petroleum supply will exceed demand this year, as its petroleum refinery capacities will increase by 2 million tons. The apparent consumption of crude oil will reach 400 million tons this year. China will import 210 million tons of crude oil in 2010, compared with the 199 million tons last year.

Huang added that China's energy demand increased in 2009 and had basically stabilized amid the expansion in the first half of the year and the contraction in the second half of the year. China is actively seeking new development modes for its energy industry, adjustments to the energy structure and has made great progress in promoting international cooperation in the energy industry.

By People's Daily Online
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