Abstract
This chapter discusses the problems, scenarios, and impact in the energy situation of the People's Republic of China. One of the more promising areas worldwide where large oil-bearing reservoirs may be located is offshore China. Estimated proved reserves of conventional hydrocarbon resources in China are close to 67.2 billion tons oil equivalent. During the period 1967 to 1973, the average annual growth rate of total primary energy demand is estimated at 12.4%, but from very low base. In 1979, the size of China's total primary energy demand had reached some 523 million tons oil equivalent. China has built new pipeline capacity and deep-water port facilities at Dairen, significantly expanded its tanker fleet, and achieved faster growth in productive capacity than in refining capacity. Coal is the dominant form of energy used in China, accounting for over 78% of the total in 1979. As it seems to have more potential for growth in China than any other form of energy, it is projected to account for 67% of the rise in total energy consumption between 1979 and 2000 in the cooperation scenario. The features of confrontation scenario dictate that foreign oil technologies and equipment play a negligible role. Both oil production and consumption decline slightly through the 1980s, and then at a faster rate in the 1990s.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call