En Español



Very usefull links



PW
Bookstore





Institutional
links


OPEC
\





 



 

 

 

 

China plans to make its oil, power sector globally competitive by 2025


China plans energy-sector technology capacity boost over next decade

BEIJING
Petroleumworld.com 06 21 2016

China wants to boost its domestic capacity to produce cutting-edge energy technologies in the next decade to challenge international energy majors in areas like offshore oil and gas exploration and building state-of-the-art thermal power plants.

China lags behind competitors like Anglo-American oil majors or Japanese and German power turbine makers in the most advanced technologies for deepwater oil and gas production and the most efficient electric generation. But, as the world's biggest energy consumer, the country yearns to be at the forefront of these technologies to meet internal energy needs and to shift its export economy from less high-tech industries.

A new catalog, released this week by three ministries including the National Development and Reform Commission (NDRC), proposes increasing China's energy independence by 2025. The report also seeks export opportunities in technical areas such as deepwater drilling for oil and natural gas, highly efficient so-called ultra-super-critical thermal power plants, as well as renewable electric generation and storage technology.

"Our self-designed capacity is comparably weak, and the core technologies are not in our hands," said the plan.

The report, led by the National Energy Administration, did not specify which companies would lead this development. But, in the oil and gas sector, China's state-owned companies including China National Petroleum Corp and its listed subsidiary PetroChina, Sinopec Group, and China National Offshore Oil Corp will likely take leading roles.

China Petroleum Technology and Development Corp, an equipment provider affiliated to CNPC, already has exports worth $3.7 billion per year.

"In offshore oil drilling we'd like to cut the reliance on imports by improving the self-sufficiency," said Yang Shuangquan, general secretary of the China Petroleum and Petrochemical Equipment Industrial Association (CPEIA).

"(The plan) draws up... major development projects for the oil industries in exploiting natural gas, shale gas and offshore oil. The latter two will remain as China's strategic moves to ensure energy supply," he added.

In renewables, Goldwind is the leading Chinese wind turbine maker and likely to play a role.

The biggest investors in thermal and gas power generation are the state-owned China Huaneng Group, China Datang Corporation, along with its listed renewable subsidiary, China Guodian Corp, China Huadian Group Corp, and China Power Investment Corp. Yang said that no specified investment figures had yet been published, but that the ministry of finance would come up with follow-up strategies for implementation soon, without mentioning a specific time-frame.

To make breakthroughs in these key technologies, the government wants to showcase live projects by 2020, leading to the formation of new, internationally competitive production chains by 2025.

The plan also bolsters government efforts to shift away from less technologically advanced industries such as coal and steel and into more complex sectors.

This includes increasing renewable technology usage, but also employing ultra-super-critical coal power generators, modern natural gas turbines, and large nuclear power plants.

For renewables, China wants to build offshore wind turbines that can produce 10 megawatts (MW) of electricity, beyond the current technology at 7 MW, and modern solar cells.



Story by Kathy Chen from Reuters ; Editing by Henning Gloystein and Christian Schmollinger.

reuters.com | 06 21 2016

Copyright© 1999-2016 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions Petroleumworld.com as the source.

Other stories you have to get authorization by its authors. Internet web links to http://www.petroleumworld.com are appreciated.

Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article
.
Write to editor@petroleumworld.com


By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:P.Ohep F. /Producer - Publisher:P.Ohep F./
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2016, Petroleumworld   / Elio Ohep Fitzgerald- All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.