Asia Pacific Spotlight Newsletter

The Rise of the Independents - China's Oil Industry
Posted by Mark Holliday on Tue, 05/15/2018 - 12:17

ERCE's Asia Pacific Team based in Singapore will be developing this and other topical trends through their quarterly Spotlight newsletter.

Energy is a key driver in China’s ever-growing economy. Fossil fuels, particularly oil and gas, have been strictly controlled over the past decades to ensure that this growth is not interrupted. This has meant that energy security is a key focus for Chinese government planning of previous and the current party administrations.

China has become the globe’s largest importer of crude oil, and has a burgeoning natural gas industry. The scales are expected to tilt further towards natural gas due to recent emissions reduction targets outlined by the government in response to continued air pollution in population centres.