Special topic report: Oil, gas, industry profile, China. Export trade information
China is rich in energy resources, yet lacks ready energy supplies to meet its economic development needs. Despite high proved or likely reserves of coal, oil and gas, and other energy sources (including hydropower and uranium) and rapid development of the energy sector, especially in the last decade, supply lags severely behind demand, with government estimates of the demand shortfall at 25 - 30 percent. While opportunities for outside participation in the petroleum sector continue to increase, deeper reforms would be in the interest of both U.S. Companies and the PRC. The oil and gas industry is heavily weighted toward petroleum production. At the same time, oil consumption is dwarfed by coal which provides about 70 percent of primary energy supply. Natural gas makes up no more than three percent of primary energy supply. Natural gas production was 14.9 billion cubic meters in 1991 and 15.1 bcm in 1992. More than 80 percent of China's natural gas production is used to make chemical fertilizers; the remainder is piped to shanghai for household consumption. Oil, on the other hand, serves a wide variety of uses in industry and transport.
- Research Organization:
- International Trade Administration, Washington, DC (United States). Office of the People's Republic of China and Hong Kong
- OSTI ID:
- 7168949
- Report Number(s):
- PB-94-173515/XAB
- Country of Publication:
- United States
- Language:
- English
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