China will greatly increase domestic energy supply capacity and its reserve capacity for key commodities, government officials said on Monday, reiterating a policy of ensuring supplies and stabilising prices of raw materials.<\/p>\n
The world’s top energy consumer will enhance a “diversified domestic supply base” centred on coal while speeding development of domestic oil and gas resources, said Ren Jingdong, deputy head of the National Energy Administration.<\/p>\n
He was speaking at a news conference during a once-in-five years Communist Party Congress that began on Sunday.<\/p>\n
In his opening speech, President Xi Jinping said China would steadily implement its carbon peak and neutrality targets and in accordance with its energy resources.<\/p>\n
Ren added that the country would further strengthen its reserve system for coal and petroleum, accelerating building work, especially for storage hubs and terminals to receive natural gas.<\/p>\n
“We shall accelerate the establishment of a reserve system that combines those of the central and local authorities … the government and companies,” he said.<\/p>\n
China aims for production capacity of indigenous resources to exceed 4.6 billion tonnes of standard coal by 2025, versus its 4.41 billion target for 2022.<\/p>\n
Thanks to record domestic production, China boasts ample coal stocks ahead of winter, when demand for heating surges.<\/p>\n
Nationwide coal stocks stood at more than 170 million tonnes, Ren added, up from the government’s May figure of 159 million tonnes.<\/p>\n","protected":false},"excerpt":{"rendered":"
China will greatly increase domestic energy supply capacity and its reserve capacity for key commodities, government officials said on Monday, reiterating a policy of ensuring supplies and stabilising prices of raw materials. The world’s top energy consumer will enhance a “diversified domestic supply base” centred on coal while speeding development of domestic oil and gas resources, said Ren Jingdong, deputy head of the National Energy Administration. He was speaking at a news conference during a once-in-five years Communist Party Congress that began on Sunday. In his opening speech, President Xi Jinping said China would steadily implement its carbon peak and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[],"class_list":["post-530316","post","type-post","status-publish","format-standard","hentry","category-coal"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/530316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=530316"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/530316\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=530316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=530316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=530316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}