Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ...Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work,the calculation was done by using the energy return on investment（EROI） method. The results showed that the EROIstnd（i.e., standard EROI） of China’s oil and gas extraction decreased from approximately 17.3：1 in 1986 to 8.4：1 in 2003, but it increased to 12.2：1 in 2013. From a company-level perspective, the EROIstnddiffered for different companies and was in the range of（8–12）：1. The EROI2,d（EROI considering energy outputs after processed and direct energy inputs） for different companies was in the range of（3–7）：1. The EROI of imported oil（EROIIO）declined from 14.8：1 in 1998 to approximately 4.8：1 in 2014, and the EROI of imported natural gas（EROIING）declined from 16.7：1 in 2009 to 8.6：1 in 2014. In 2015, the EROIIO and EROIING showed a slight increase due to decreasing import prices. In general, this paper suggests that from a net energy perspective, it has become more difficult for China to obtain oil and gas from both domestic production and imports. China is experiencing an EROI decline, which demonstrates the risk in the use of unsustainable fossil resources.展开更多
In 2016,China's net imports of crude oil increased to 378.3 million tons and its net exports of product oil soared to 20.45 million tons.Refinery crude runs continue to grow at a low rate,and the domestic product ...In 2016,China's net imports of crude oil increased to 378.3 million tons and its net exports of product oil soared to 20.45 million tons.Refinery crude runs continue to grow at a low rate,and the domestic product oil market still has a supply surplus.Diesel consumption fell for the first time in 21 years.The liquefied petroleum gas(LPG) market continues to grow rapidly,spurred on by feedstock demand for chemicals and gasoline blending components,and imports of LPG have reached a record high of 16.12 million tons.The refinery throughput of Petro China and SINOPEC had declined for 2 consecutive years,but crude oil imports climbed to a new high of 381 million tons as independent refineries boosted their utilization of capacity and the domestic oilfields produced a decreased amount of output.Imported oil now accounts for more than 2/3 of the Chinese market compared to being only about 1/3 15 years ago.Moreover,the proportion of imported crude in refinery runs has risen to 70%.In 2017,China's economy will continue to face substantial pressure,and domestic demand for product oil will continue to grow slowly.展开更多
Domestic economic growth slowed down and supply exceeded demand in oil market in 2015, so the growth of refineries＂ processing volume was limited. Nevertheless, the gradual decontrol of market and the storage require...Domestic economic growth slowed down and supply exceeded demand in oil market in 2015, so the growth of refineries＂ processing volume was limited. Nevertheless, the gradual decontrol of market and the storage requirement under low oil price, crude oil imports hit a record high of 335.5 million tons, with the growth rate approximating 9%. Refined oil exports soared and imports decreased, which made China become a net refined oil exporter for the first time for 24 years, and net imports reached 6.22 million tons. Robust requirement on chemical raw materials propelled imported liquefied petroleum gas market to go on expanding. Imports exceeded 12 ,zillion tons in 2015, thus China leaped into the world＇s largest liquefied petroleum gas importer. In 2016, oil consumption growth would be kept at lower level. However, China would further decontrol crude oil import and refined oil export permits and put incremental storage capacity, into use. Therefore, crude oil imports would continue to rise up, and refined oil exports may hit a new historic high. hnported liquefied petroleum gas market will enter into a stage of stable growth after two years rapid development.展开更多
China＇s oil import dependence had risen to 72% in 2017, while its net imports of various oil products, including crude oil, refined oil, liquefied petroleum gas （LPG） and other products, had climbed to 418.8 millio...China＇s oil import dependence had risen to 72% in 2017, while its net imports of various oil products, including crude oil, refined oil, liquefied petroleum gas （LPG） and other products, had climbed to 418.8 million tons, an increase by10.7% over 2016. China＇s crude oil import reached 420 million tons, surpassed the United States for the first time, and China had become the biggest crude oil importing country in the world. Net export of the rejqned oil, mainly the diesel, continued to increase to 22.7 million tons, as driven by the oversupply situation of the domestic market. Last year, China＇s LPG import was 18.45 million tons, but its growth was diminishing. Oil price would continue to rise in 2018, while the domestic demand of refined oil would be maintained at a lower rate of growth. However, driving by new refining capacities to be brought online, it is estimated that the crude oil import would still be increased remarkably. LPG import would reach a new high due to the growth potential and strong demand for feedstocks in the petrochemical product market.展开更多
The reforms in oil and gas sector have been accelerated in 2015. The reform of mineral rights has begun and 6 oil and gas exploration zones in Xinjiang Autonomous Region have served as the tender pilots, breaking thro...The reforms in oil and gas sector have been accelerated in 2015. The reform of mineral rights has begun and 6 oil and gas exploration zones in Xinjiang Autonomous Region have served as the tender pilots, breaking through the requirements on the resources varieties, exploration phase and enterprise qual!fication. The right of importing and using of the crude oil has been gradually relaxed and 13 local refineries have obtained the right to use imported crude oil of 55.1888 million tons per year. The natural gas price for non-residential use was unified and a universal price was set ~r the incremental supply and existing supply. Tire Shanghai Petroleum and Gas Exchange （SHPGX） was established and laid foundation for the market mechanism to detervnine the price. The government governance has undergone continuous adjustments such as regulating the tax instead of charging the fees, streamlining administration and delegating power to tire lower levels.The Guidelines on Deepening tire Reform of State-owned Enterprises was released, symbolizing the accomplishment of the overall planning ~ the SOE reform.展开更多
基金supported by the National Natural Science Foundation of China(No.71273277)the Philosophy and Social Sciences Major Research Project of the Ministry of Education(No.11JZD048)
文摘Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work,the calculation was done by using the energy return on investment（EROI） method. The results showed that the EROIstnd（i.e., standard EROI） of China’s oil and gas extraction decreased from approximately 17.3：1 in 1986 to 8.4：1 in 2003, but it increased to 12.2：1 in 2013. From a company-level perspective, the EROIstnddiffered for different companies and was in the range of（8–12）：1. The EROI2,d（EROI considering energy outputs after processed and direct energy inputs） for different companies was in the range of（3–7）：1. The EROI of imported oil（EROIIO）declined from 14.8：1 in 1998 to approximately 4.8：1 in 2014, and the EROI of imported natural gas（EROIING）declined from 16.7：1 in 2009 to 8.6：1 in 2014. In 2015, the EROIIO and EROIING showed a slight increase due to decreasing import prices. In general, this paper suggests that from a net energy perspective, it has become more difficult for China to obtain oil and gas from both domestic production and imports. China is experiencing an EROI decline, which demonstrates the risk in the use of unsustainable fossil resources.
文摘In 2016,China's net imports of crude oil increased to 378.3 million tons and its net exports of product oil soared to 20.45 million tons.Refinery crude runs continue to grow at a low rate,and the domestic product oil market still has a supply surplus.Diesel consumption fell for the first time in 21 years.The liquefied petroleum gas(LPG) market continues to grow rapidly,spurred on by feedstock demand for chemicals and gasoline blending components,and imports of LPG have reached a record high of 16.12 million tons.The refinery throughput of Petro China and SINOPEC had declined for 2 consecutive years,but crude oil imports climbed to a new high of 381 million tons as independent refineries boosted their utilization of capacity and the domestic oilfields produced a decreased amount of output.Imported oil now accounts for more than 2/3 of the Chinese market compared to being only about 1/3 15 years ago.Moreover,the proportion of imported crude in refinery runs has risen to 70%.In 2017,China's economy will continue to face substantial pressure,and domestic demand for product oil will continue to grow slowly.
文摘Domestic economic growth slowed down and supply exceeded demand in oil market in 2015, so the growth of refineries＂ processing volume was limited. Nevertheless, the gradual decontrol of market and the storage requirement under low oil price, crude oil imports hit a record high of 335.5 million tons, with the growth rate approximating 9%. Refined oil exports soared and imports decreased, which made China become a net refined oil exporter for the first time for 24 years, and net imports reached 6.22 million tons. Robust requirement on chemical raw materials propelled imported liquefied petroleum gas market to go on expanding. Imports exceeded 12 ,zillion tons in 2015, thus China leaped into the world＇s largest liquefied petroleum gas importer. In 2016, oil consumption growth would be kept at lower level. However, China would further decontrol crude oil import and refined oil export permits and put incremental storage capacity, into use. Therefore, crude oil imports would continue to rise up, and refined oil exports may hit a new historic high. hnported liquefied petroleum gas market will enter into a stage of stable growth after two years rapid development.
文摘China＇s oil import dependence had risen to 72% in 2017, while its net imports of various oil products, including crude oil, refined oil, liquefied petroleum gas （LPG） and other products, had climbed to 418.8 million tons, an increase by10.7% over 2016. China＇s crude oil import reached 420 million tons, surpassed the United States for the first time, and China had become the biggest crude oil importing country in the world. Net export of the rejqned oil, mainly the diesel, continued to increase to 22.7 million tons, as driven by the oversupply situation of the domestic market. Last year, China＇s LPG import was 18.45 million tons, but its growth was diminishing. Oil price would continue to rise in 2018, while the domestic demand of refined oil would be maintained at a lower rate of growth. However, driving by new refining capacities to be brought online, it is estimated that the crude oil import would still be increased remarkably. LPG import would reach a new high due to the growth potential and strong demand for feedstocks in the petrochemical product market.
文摘The reforms in oil and gas sector have been accelerated in 2015. The reform of mineral rights has begun and 6 oil and gas exploration zones in Xinjiang Autonomous Region have served as the tender pilots, breaking through the requirements on the resources varieties, exploration phase and enterprise qual!fication. The right of importing and using of the crude oil has been gradually relaxed and 13 local refineries have obtained the right to use imported crude oil of 55.1888 million tons per year. The natural gas price for non-residential use was unified and a universal price was set ~r the incremental supply and existing supply. Tire Shanghai Petroleum and Gas Exchange （SHPGX） was established and laid foundation for the market mechanism to detervnine the price. The government governance has undergone continuous adjustments such as regulating the tax instead of charging the fees, streamlining administration and delegating power to tire lower levels.The Guidelines on Deepening tire Reform of State-owned Enterprises was released, symbolizing the accomplishment of the overall planning ~ the SOE reform.
