Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's imports of crude oil, natural gas surge in 2018

January 21, 2019


Abstract : China's imports of crude oil and natural gas jumped in 2018, official data showed Monday.

BEIJING, Jan. 21 (Xinhua) -- China's imports of crude oil and natural gas jumped in 2018, official data showed Monday.

Crude oil imports surged 10.1 percent year on year to 460 million tonnes last year, a record high, the National Bureau of Statistics (NBS) said in a statement.

In December, crude oil imports soared by almost 30 percent to 43.78 million tonnes.

The crude oil output in the country fell in 2018 but at a slower pace compared with that in 2017. Total output stood at 190 million tonnes, down 1.3 percent year on year, NBS data showed.

Meanwhile, natural gas imports came in at 90.39 million tonnes in 2018, rising 31.9 percent year on year.

Production of natural gas also saw notable increase last year amid government efforts to encourage the use of clean energy. Total output came in at 161 billion cubic meters, up 7.5 percent year on year.

China aims to increase domestic crude oil output to 200 million tonnes by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters.

Major tasks for the oil industry include accelerating exploration to ensure domestic oil supply, speeding up construction of pipeline networks and developing clean alternatives.

Scan the QR code and push it to your mobile phone

Keyword: China-crude-oil Natural-gas

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial