China to Slightly Boost Oil, Gas Output, Increase Renewables Capacity

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China's National Energy Administration (NEA) has released an annual energy production plan for 2020, according to which the country will target 193m tonnes of crude oil, representing 3.85m barrels per day (bpd), and 181bn cubic meters of gas, as reported by Reuters on June 22. Compared to the outputs in 2019, these rates indicate a 1% and 4.3% increase, respectively. Another 2020 target is to reach 900 gigawatts (GW) of installed clean power generation capacity, which includes hydro, solar, wind and nuclear power plants.

NEA plans to scale up production bases in four key locations. Those are Bohai Bay offshore facility in the Yellow Sea and three onshore sites, including Erdos Basin in Inner Mongolia and two in Sichuan and Xinjiang regions. In March, CNOOC [CEO:US] revealed a large-sized oil field discovered in Bohai Bay with a well tested to produce around 1,178 bpd of oil. NEA will also advance China’s new energy and non-fossil fuel strategies, focusing on renewables, fuel ethanol, and coal-to-liquids. It expects to reduce coal’s portion of the nation’s primary energy mix to approximately 57.5% this year from 57.7% in 2019. Last year installed clean power generation capacity was around 820 GW. The annual coal-fired power capacity was recently capped at 1,100 GW, with the goal to close around 300 mines across the country.

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