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Power of Siberia 2: Deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns around over-dependence on a single supplier and desire to drive down the price make it relatively unlikely a contract will be finalised this year
China creates two-tier oil dynamic
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
India to help Asia spearhead global refining
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Cheap gas key to unlocking new markets
Weaning poorer regions off coal means gas needs to be abundant and competitive longer term
Do not underplay China’s long-term gas growth narrative
A subdued market amid global trade tensions is just an aberration in gas’ upward trajectory
China’s critical gas position
China will play a huge role in driving gas demand, with its Qatar partnership crucial to this growth amid global structural challenges
Gas may be bridge fuel for centuries
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
China’s pragmatic coal-to-gas strategy
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
China wants to boost domestic oil and gas production, but self-sufficiency may prove elusive
Opinion
China Coal
Shi Weijun
Beijing
28 April 2021
Follow @PetroleumEcon
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Letter from China: Coal phase-out raises energy security risk

Coal’s long goodbye means Beijing will need to brace for reduced energy security

President Xi Jinping’s commitment to start curbing coal consumption after 2025 means the beginning of the end for China’s coal era is finally in sight.  Xi pledged at the White House’s climate summit in April that China would “strictly control coal-fired power generation projects and strictly limit the increase in coal consumption” through to 2025, before ramping down coal use from 2026-2030. The timeline is later than many climate-change activists had hoped, but nevertheless represents a major turnaround for the world’s largest coal consumer. 202.5bn m³ – China’s 2021 gas target China has been making steady, if slow, progress on reducing coal as a percentage of its energy mix.

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