China Energy/Power Technology, Strategic Layout of Resources: News & Discussions

[JSCh]

China-built deep-water drilling rig achieves a first in South China Sea
By Yang Sheng Source:Global Times Published: 2019/4/11 16:58:40

China's first self-developed deep-sea semi-submersible drilling platform recently completed its first deep-water development well in the South China Sea, which analysts said will guarantee a stable energy supply for the development of the Guangdong-Hong Kong-Macao Greater Bay Area.

The well, designated HYSY-981, also known as "Offshore Oil 981" is located in the eastern waters of the South China Sea, and is a high angle directional well. The well is 4,660 meters deep and reached a true vertical depth of 2,529 meters, according to a news release on thewebsite of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on Wednesday.

This is the first deep-water development well drilled by China-built drilling platform, Previously, all other deep-water oil or gas wells in Chinese territory have been drilled by foreign-made drilling platforms, it said.

After going into production, gas from the well will be transported to a terminal in Gaolan port in Zhuhai, South China's Guangdong Province, to supply the needs of the Guangdong-Hong Kong-Macao Greater Bay Area, said Zhao Chunyan, manager of the 981 platform.

"This is a remarkable achievement in the South China Sea. China has spent a lot on exploring energy in the region and this shows that we can finally use the resources to sustainably serve our development goal," Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Thursday.

Unlike some other regions in China which can take multiple measures to guarantee their energy supply, such as pipelines and domestic oil wells, the Guangdong-Hong Kong-Macao Greater Bay Area relies heavily on imports from other countries over sea routes, Lin said. "So a gas well close to the area can greatly reduce the pressure on securing the stable energy supply."

Han Xiaoping, chief analyst at energy industry website china5e.com, said that exploring and drilling in such deep-water areas are very challenging and require very advanced technological capabilities and expertise.

"Not only do you need to put a lot of investment [into the project], but you also need to have advanced engineering and manufacturing capabilities," Han told the Global Times, adding that China's fast progress in these areas "could be unprecedented."

Since it was built in 2012, the 981 platform has completed drilling 32 exploratory wells, but this is the first deep-water development well.

A development well is drilled in a proven producing area for the production of oil or gas. An exploratory well is a well drilled with the intent to discover a new petroleum reservoir.

The platform's first exploratory well was drilled in the eastern waters of the South China Sea the same year it was built. In 2015, it entered waters in Southeast Asia to drill an exploratory well in waters that were 1,721 meters deep, according to the SASAC website.

 

[JSCh]

China's Biggest Acrylic Acid Maker to Turn Leftovers Into Red-Hot Hydrogen Fuel Business
TANG SHIHUA
DATE : APR 15 2019/SOURCE : YICAI

China's Biggest Acrylic Acid Maker to Turn Leftovers Into Red-Hot Hydrogen Fuel Business​

(Yicai Global) April 15 -- Satellite Petrochemical, China's largest acrylic acid producer, will start using its derivative product to tap into the nation's emergent hydrogen energy sector.

Satellite Petrochemical will invest CNY10 million to establish a hydrogen subsidiary in the city of Pinghu in the parent's home province to develop and sell hydrogen and the related transport equipment, the Zhejiang province-based firm said in a statement.

The move will better use the hydrogen output from the company's propane dehydrogenation, ethane cracking and other procedures, and supply low-cost, high-quality raw materials for the emerging hydrogen fuel industry, according to the statement.

China has been recalibrating its energy mix with more environmentally friendly options in the past few years. The government will promote hydrogen refueling stations and other facilities, Premier Li Keqiang wrote in a government work report for the first time during a high-level political meeting in March.

Satellite Petrochemical has kicked off its Pinghu-based propylene plant, with an annual output of 900,000 tons, as well as 30,000 tons of hydrogen. It is planning another production line in Jiangsu province with an annual output of 4 million tons of olefin and 250,000 tons of hydrogen.

 

[JSCh]

China's power generation up 4.2 pct in Q1
Source: Xinhua| 2019-04-20 15:23:51|Editor: Li Xia

BEIJING, April 20 (Xinhua) -- China's power generation climbed 4.2 percent year on year in the first quarter of 2019, official data showed.

The pace of growth eased from 8 percent registered in the same period last year, according to the National Bureau of Statistics.

In March alone, power generation rose 5.4 percent from a year earlier, up from a rise of 2.9 percent in the first two months.

Generation of hydroelectricity expanded 22 percent year on year in March, the highest growth since March 2016, due to abundant water from southern regions.

The generation of nuclear power and solar power both posted faster year-on-year growth, at 31.7 percent and 12.9 percent respectively.

 

[JSCh]

Beijing Daxing International Airport to use ground-source heat pump
Source: Xinhua| 2019-04-24 13:53:03|Editor: ZX

BEIJING, April 24 (Xinhua) -- Beijing Daxing International Airport will be equipped with a ground-source heat pump (GSHP) system, according to Science and Technology Daily on Wednesday.

The system can extract shallow geothermal energy of 563,600 GJ each year, saving 1,736 cubic meters natural gas and cutting more than 15,800 tonnes of carbon emission around 2.5 million square meters work venue of the airport.

The GSHP is a type of highly efficient, energy saving air conditioning system that provides indoor heating and cooling by using shallow geothermal resources.

The airport's GSHP system will have two energy stations with eight pump units, covering a total construction area of about 17,800 square meters and power-supply area of 2.48 million square meters, said the newspaper.

Beijing Daxing International Airport will be put into operation before Sept. 30. Sitting at the junction of Beijing's southern Daxing District and Langfang, a city in Hebei Province, the new airport is expected to handle 45 million passengers annually by 2021 and 72 million by 2025.

 

[JSCh]

Direct current project to ease clean energy needs in Greater Bay Area
By Liu Yukun in Kunming | China Daily | Updated: 2019-04-26 09:39

An electric power line patroller from China Southern Power Grid inspects electricity lines high up in the air. [Photo provided to chinadaily.com.cn]

Work on China Southern Power Grid's 24.25 billion yuan ($3.59 billion) Wudongde DC (direct current) Project, the world's first multi-end flexible ultrahigh voltage direct current power transmission (UHVDC) project, is progressing steadily and expected to start operations by 2020, a company official said.

The project spans 16 cities in South China, three power converter stations in Kunming, Yunnan province, Liuzhou in the Guangxi Zhuang autonomous region, and Huizhou in Guangdong province and power transmission lines traversing 1,452 kilometers.

When completed, the project is expected to bolster the clean energy requirements of the Guangdong-Hong Kong-Macao Greater Bay Area. In addition, it will transmit another 20 billion kWh of clean power every year from Yunnan province and Guangxi to the Greater Bay Area. This will cut coal usage in the Greater Bay Area by about 6.31 million metric tons.

"Compared with the more frequently used 500kV high voltage direct current power transmission (HVDC), the company decided on 800kV UHVDC for higher power capacity and more stable transmission to meet the growing power demands of the Greater Bay Area," said Zhang Yan, deputy general manager for the Kunming's operations of the Wudongde DC Project.

Power consumption in the Greater Bay Area stood at 520 billion kWh last year.

Zhang Yong, director of the power dispatch section of China Southern Power Grid Dispatching and Control Center, said currently 90 percent of the power used in Macao is transmitted through the company's power grid. It also carries about 25 percent of the power used in Hong Kong, and 30 percent of that in Guangdong.

"It is a win-win situation for Yunnan province and the Guangxi Zhuang autonomous region to tie up with the Greater Bay Area. As both Yunnan and Guangxi have abundant water and wind resources to generate clean energy, and the Greater Bay Area has higher requirements for clean power projects, the projects will help foster economic growth in Guangxi and Yunnan," Zhang Yong said.

Earlier in March, the company said it will invest over 170 billion yuan to support grid construction in the Pearl River Delta, China's major economic hub covering Guangdong's capital city Guangzhou, Shenzhen and many other cities in South China.

Zhang Yan said one of the reasons why the company opted for multi-end UHVDC is to make power transmission more flexible.

"Usually power is transmitted in the region through the existing power transmission lines from Yunnan to Guangdong. But we designed another end in Guangxi, so that on days when there is lesser demand from the Greater Bay Area, the power can be transmitted to Guangxi, where there is huge demand," said Zhang Yan.

"Such measures help us to make full use of the capacity available for power transmission, as power cannot be stored or transmitted back," said Zhang Yan.

 

[JSCh]

China's energy consumption structure continues to optimize: report
Source: Xinhua| 2019-05-04 13:59:14|Editor: ZX

BEIJING, May 4 (Xinhua) -- China saw an optimized energy consumption structure last year with an increase of clean energy, an industry report showed.

Consumption of clean energy, including natural gas, hydropower, nuclear power and wind power, accounted for 22.1 percent of energy consumed last year, up 1.3 percentage points from 2017, China Electric Power Planning & Engineering Institute said in a report.

Coal consumption accounted for 59 percent of the total energy consumption in 2018, down 1.4 percentage points year on year, according to the report.

Total energy consumption reached 4.64 billion tonnes of standard coal, a year-on-year growth of 3.3 percent, the fastest growth since 2014, the report said.

The report also predicted that China's energy consumption will continue the clean and efficient trend in 2019.

 

[TaiShang]

Consumption of clean energy, including natural gas, hydropower, nuclear power and wind power, accounted for 22.1 percent of energy consumed last year, up 1.3 percentage points from 2017, China Electric Power Planning & Engineering Institute said in a report.

Still, clean/renewable energy has room to grow.

China's consumption is so big, so, even a percentage point increase is a major improvement.

 

[JSCh]

Explore China's first megaton coal direct liquefaction facility
New China TV
Published on May 10, 2019

China is actively developing coal-to-liquid technologies and projects. Click to explore China's first megaton coal direct liquefaction facility in north China.

 

[JSCh]

China Completes Combustible Ice Seep Research in South China Sea
DOU SHICONG
DATE : MAY 16 2019/SOURCE : YICAI

China Completes Combustible Ice Seep Research in South China Sea​

(Yicai Global) May 16 -- A Chinese survey ship has completed research and extraction at a natural combustible ice seep in the South China Sea, state-broadcaster CCTV said today.

The Ocean Six research vessel equipped with staff and devices from 18 research institutes arrived in Guangzhou today after the 36-day survey mission. The cold seep is between 1,200 and 1,400 meters deep.

Researchers took samples and made detailed observations, said Chen Zongheng, a researcher at the Guangzhou Marine Geological Survey.

The expedition team also tested several self-developed equipment in the deep sea, including deep sea mining vehicles, deep-sea hydrothermal exploration submersibles, and several large gas hydrates monitors. The team collected expected data from the tests, said Chen Ming, a senior engineer of the Institute of Deep-Sea Science and Engineering at Chinese Academy of Science.

The seep was first discovered in 2000 and the country undertook trial mining there in 2017 for the first time. The energy density of combustible ice is two to five times that of natural gas, 10 times that of coal, and it emits little polluting gas after combustion.

 

[JSCh]

State-of-the-art petrochemical plant in NE China fully operational
CGTN
Published on May 19, 2019

A crude oil refinery and petrochemical project by China's Hengli Group has been put into operation in record time. The complex is the largest and most advanced of its kind in China. It is one of the several projects to revitalize the old industrial bases in the country's northeast.

Oil refinery of China's Hengli Petchem enters full operation
Source: Xinhua| 2019-05-17 23:51:51|Editor: Li Xia

DALIAN, May 17 (Xinhua) -- The private-owned Hengli Petrochemical (Dalian) Refining Co., Ltd. achieved full operation in its 20 million tonnes per year refinery and chemical complex in Dalian, northeast China's Liaoning Province, the company said Friday.

Peng Guangqin, deputy general manager of the company, said that the refining and chemical integration project can produce 14 million tonnes of chemicals with 20 million tonnes of crude oil.

By applying the ebullating bed resid hydrocracking technology, the project will increase the utilization rate of crude oil by 5 percent, Peng added.

The project is also able to produce 4.5 million tonnes of aromatics per year, raising China's total output of aromatics by 30 percent, which will make up for the shortage of domestic supply.

By using seawater to replace industrial cooling towers and other comprehensive utilization of resources, the project will save up to 1.2 million tonnes of standard coal and 40 million tonnes of fresh water every year.

The full operation of the Hengli complex will contribute to the long-term transformation and upgrading of the petrochemical industrial structure and boost the local economy, said Cai Ronghua, a National Development and Reform Commission official.

As one of the pillar industries of Dalian, the largest port city in northeastern China, the city's petrochemical industry recorded an output of around 200 billion yuan (28.9 billion U.S. dollars) in 2018.

 

[JSCh]

15:53, 10-Apr-2019
Russian Gas Exports: Power of Siberia, power of future
Aljosa Milenkovic

Construction of the Power of Siberia gas pipeline enters its final stage. The pipeline is the first of its kind that directly connects the vast natural gas fields of Russia with consumers in China. It is scheduled to annually deliver 38 billion cubic meters of natural gas over the next 30 years.

Almost 99% of the Russian part of the pipeline is finished and now final works are done close to the Russian town of Blagoveshchensk, where Power of Siberia crosses into China. We visited Blagoveshchensk in the middle of March. A strong, but not unexpected blizzard greeted us with temperatures plunging as low as -20 degrees Celsius. That's not uncommon here in the middle of March.

And yet this is just a small example of how builders of the Power of Siberia had to endure tough weather to complete this project. At this moment they were laying in the ground the last remaining pipes on the Russian side, every day inching closer to China.

Snow blizzard in middle of March in Blagoveshchensk. /CGTN Photo

Energy shift of China

To get here, Power of Siberia already crossed 3000 kilometers of some of the most inhospitably terrain on the planet. It's journey will continue on the other side of the border where ultimately it will deliver natural gas to energy-hungry China.

In the wake of massive energy shift that China has embarked upon, of switching from coal and oil to more eco-friendly natural gas, this pipeline is just what China needs. It will bring it to the areas of China that are not accessible to the liquefied natural gas, or LNG ships, and also it will bring it from just across the mutual border without any possibilities for any meddling of the third parties.

As Dimitriy Abzalov, Political Analyst from Moscow told us, this pipeline is highly beneficial for China.

Heavy machines laying pipes for Power of Siberia gas pipeline. /CGTN Photo

"China is interested in having gas through the pipeline, which is directly connecting producer with the consumer. If tomorrow the U.S. 'colleagues' wants to pressure for instance Huawei again, or gas prices in Europe are more attractive to them, then their LNG ships will turn away from China. So, in order to have energy stability, China is interested in having reliable deliveries of the natural gas through the pipelines."

Power of Siberia: mutual beneficial

But Power of Siberia is not just in the interest of China. For Russia it means further diversification of natural gas deliveries, which are now mainly focused on Europe, opening of the new gas fields that were not exploited before, and maybe the most importantly, stopping the outflow of people from its Far East.

Depopulation is one of the main problems for the Russia's Far East and projects like this one will for sure keep here thousands of those intending to leave for the more prosperous regions.

Ekaterina Kireeva, Deputy Economy Development Minister. /CGTN Photo

Ekaterina Kireeva, Deputy Economy Development Minister of the Amur Region agrees that Power of Siberia will bring significant benefits to their region.

"It's a good job, it's a good employment opportunity and the second thing, we should consider this moment, is the good conditions for living. Everyday's living. Actually, if you have these two moments, you can be sure that more young people will make the right decision to stay here."

By the end of 2019, the first cubic meters of natural gas should start flowing through this pipeline.

As this project is seen as beneficial to both sides, already on the table are deals that should lead to the construction of new gas pipelines between Russia and China, mainly Power of Siberia 2, about which a number of officials from both sides are now openly talking.

Cross-border part of China-Russia gas pipeline ready by June
New China TV
Published on May 22, 2019

Construction of the cross-border section of the China-Russia east-route natural gas pipeline will be completed by June, according to the constructors

 

[JSCh]

China to boost clean energy deployment
By Zheng Xin | China Daily | Updated: 2019-05-25 09:29

A visitor takes pictures of a hydrogen vehicle at the 18th Shanghai International Automobile Industry Exhibition. JIN HANXIN/FOR CHINA DAILY

To encourage and accelerate the deployment of hydrogen energy and promote sustainable growth, China plans to build four "hydrogen corridors" in the Yangtze River Delta region based on the expressway network in the area by 2021, with additional hydrogenation infrastructure facilities linking cities in the region.

The four corridors will link Shanghai, Suzhou, Nantong, Rugao, Ningbo, Jiaxing, Huzhou and Zhangjiagang, which have been actively developing their hydrogen energy and fuel cell vehicle industries, according to the Hydrogen Corridor Development Plan in the Yangtze River Delta Region released by the China Society of Automotive Engineers (CSAE) on Friday.

More than 40 hydrogen refueling stations will be built in the region between 2019 to 2021 and link major expressways including the Shenyang-Haikou Expressway, the Shanghai-Chengdu Expressway, the Shanghai-Chongqing Expressway and the Shanghai-Kunming Expressway.

Share prices of hydrogen energy firms listed on the A-share market surged on Friday, with those of HuaqiHoupu Group and Taiyuan Chemical Industry Co Ltd rising by the 10-percent daily limit.

According to CSAE, the Yangtze River Delta region as a demonstration area for the country's hydrogen energy sector sees substantial potential for further development in the clean energy sector.

Despite rich resources of hydrogen as well as a more mature hydrogenation infrastructure facility in the region compared with the rest of the country, more synergy and coordination is necessary among the cities in the delta region to better generate momentum for hydrogen economy development in China, it said.

China has advantages in terms of resources and market scale and the prospects for the hydrogen industry are promising despite a late start in development, according to industry insiders.

"Hydrogen is a promising alternative fuel as China has become the world's largest producer and consumer of energy," said Han Xiaoping, chief information officer of China Energy Net Consulting.

According to the Yangtze River Delta hydrogen corridor plan, the region will build more than 10 "hydrogen corridors" based on the expressway networks in the region by 2025 and more than 20 by 2030 to develop an automotive industry economic belt powered by hydrogen and fuel cells.

 

[JSCh]

PetroChina accelerates shale oil exploitation in Xinjiang
Source: Xinhua| 2019-05-30 16:05:27|Editor: Yamei

URUMQI, May 30 (Xinhua) -- The Xinjiang branch of PetroChina, China's largest oil and gas producer, said Thursday that they had sped up the exploitation of shale oil in a large deposit this year.

The Xinjiang Oilfield Company said they had drilled 47 wells in the Jimsar shale oil reservoir, containing about 1 billion tonnes of oil, this year, with eight wells already completed.

The company plans to drill nearly 100 wells in total.

A high-yield well was discovered in the reservoir in 2012, and the oil reserves were ascertained in 2017.

According to the company's development plan, the Jimsar shale oil reservoir will produce 1 million tons of crude oil in 2021, and 2 million tons in 2025 and keep stable production for nine years.

 

[JSCh]

NEWS RELEASE 30-MAY-2019
Swapping water for CO2 could make fracking greener and more effective
CELL PRESS

​

This image shows a shale sample ready for fracturing with CO2. CREDIT: Xuehang Song

Scientists at the Chinese Academy of Sciences and China University of Petroleum (Beijing) have demonstrated that CO2 may make a better hydraulic fracturing (fracking) fluid than water. Their research, published May 30 in the journal Joule, could help pave the way for a more eco-friendly form of fracking that would double as a mechanism for storing captured atmospheric CO2.

Fracking is a technique used to extract resources from unconventional reservoirs in which fluid (usually water mixed with sand, foaming agents, biocides, and other chemicals) is injected into the rock, fracturing it to release the resources within. Of the approximately 7-15 million liters of fluid injected, 30%-50% remains in the rock formation after extraction ends. Its high water consumption, environmental risks, and frequent production issues have led to concerns about fracking among both industry experts and environmental advocates.

"Non-aqueous fracturing could be a potential solution to circumvent these issues," says Nannan Sun, a researcher in the Shanghai Advanced Research Institute at the Chinese Academy of Sciences. "We chose CO2 fracturing from a range of options because the process includes multiple benefits. However, we were still lacking a fundamental understanding of the technology, which is greatly important for its further development and deployment."

Benefits of CO2 fracturing include eliminating the need for a hefty water supply (which would make fracking viable in arid locations), reducing the risk of damage to reservoirs (as often happens when aqueous solutions create blockages in the rock formation), and providing an underground repository for captured CO2.

However, CO2 is not likely to become commonly used as a fracking fluid unless it is more effective than water at resource production. To investigate the differences between CO2 and water as fracturing fluids on a microscopic level, Sun and his team collected shale outcrops from Chongqing, China and fractured them with both fluids. They found that CO2 outperformed water, creating complex networks of fractures with significantly higher stimulated volumes.

"We demonstrated that CO2 has higher mobility than water, and, therefore, the injection pressure can be better delivered into the natural porosity of the formation," says Sun. "This changes the mechanism by which the fractures are created, generating more complex fracture networks that result in more efficient shale gas production."

While the researchers believe this hydraulic fracturing technology will be scalable, its large-scale development is currently limited by CO2 availability. The cost of CO2 captured from emission sources is still prohibitively expensive to make CO2 an industry-wide fracking fluid replacement.

The team also notes that once CO2 has been injected into the fracture, it acquires a low viscosity that inhibits it from effectively transporting sand to the fractures. Since the sand is intended to prop open the fractures while shale gas is harvested, it is critical that scientists learn to improve the fluid's viscosity--but the team is not yet sure how to do so while keeping costs low and minimizing the environmental footprint.

As next steps, the researchers plan to study the limits of CO2 fracturing technology in order to better understand how it can be used. "Further investigations are needed to identify the effects of type of reservoirs, geomechanical properties and conditions, CO2 sensitivity of the formation, and so forth," says Sun. "Additionally, cooperation with industries will be carried out to push forward the practical deployment of the technology."


Swapping water for CO2 could make fracking greener and more effective | EurekAlert! Science News

Xuehang Song, Yintong Guo, Jin Zhang, Nannan Sun, Guofei Shen, Xin Chang, Weisheng Yu, Zhiyong Tang, Wei Chen, Wei Wei, Lei Wang, Jun Zhou, Xiao Li, Xiaofeng Li, Jinhui Zhou, Zhenqian Xue. Fracturing with Carbon Dioxide: From Microscopic Mechanism to Reservoir Application. Joule (2019); DOI: 10.1016/j.joule.2019.05.004​

 

[JSCh]

China's oil sector weighs trade war impact
By Chu Daye Source:Global Times Published: 2019/5/30 22:10:52

Shares rise after talks on self-sufficiency

A worker checks facilities in an oil field in East China's Jiangsu Province in March Photo: VCG

Chinese oil magnates weighed in on the trade war between China and the US by vowing to ensure stable oil and gasoline production, contain the outcome of possible suspension of vital services provided by foreign companies and boost control over financial risks.

The announcement brought attention to China's oil sector and the nation's alarmingly high reliance on imported oil - about 70 percent of total use in recent years - which can affect sectors ranging from technology to energy.

Originally an oil-poor country, the story of how China achieved self-sufficiency in oil before reform and opening-up has made the oil industry a symbol of economic independence.

Some market participants compared the self-sufficient level of the oil sector to that of chips and rare-earth elements, the foremost media topics in the past month as the trade war with the US escalated.

On Thursday, 24 oil-sector stocks in China rose by an average of 3.89 percent while the benchmark Shanghai Composite Index edged down 0.31 percent.

State-owned oil major China National Petroleum Corp (CNPC) held a high-level meeting on coping with China-US trade friction on Wednesday. Chairman Wang Yilin urged company management to prepare for the long term and make shrewd judgment and preparations to ensure the normal operations and sound development of the company, according to a news release on the company website.

The CNPC top meeting coincided with a comment made by Fu Chengyu, former chairman of state-owned oil major Sinopec, who said China should prepare for possible short-term termination of crude oil supplies.

Sinopec is different from CNPC because of its refining business.

Fu also said China should set up an agenda to basically achieve energy self-sufficiency in 10 to 15 years, domestic news site jiemian.com reported on Wednesday.

Fu said China should aim to meet more than 80 percent of its energy demand with its own supplies.

Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, said that oil is an old industry and China has mastered all the necessary technologies and has alternatives to serve the basic needs of the nation.

"There are also weak links, such as some of the advanced equipment used in extraction and refining that China can't make at present," Lin told the Global Times on Thursday.

Another issue is how to successfully transport Middle East oil to China in case of a US-inflicted intervention or regional conflict, Lin said.

The US has recently escalated the trade war into the sphere of technology by imposing a ban on Huawei, a Shenzhen-based global leader in wireless technologies, suspending supply of vital products and technologies to the company. US-based software providers and international standards organizations have become involved.

"The calls (regarding energy) are absolutely correct but are actually not new. However, current events remind China of the sheer need to improve its energy security," noted Lin.

CNPC's Wang said special efforts must be made for preventing any disruption in the event that access to key products and services is cut off by foreign suppliers and the company must improve financial risk control. He commented after hearing a briefing on the development of China-US trade friction, China-US oil and gas cooperation and the impact of the trade friction.

Wang called for speeding up substitution efforts using domestic alternatives but at the same time vowed to continue to engage in oil and gas cooperation with foreign partners to achieve win-win results. Fu also emphasized international cooperation.

The US does offer China a lesson in staging an energy transformation to establish full self-sufficiency, and long-term planning and efforts are sorely needed in China to do this, Lin said.