| Abstract: | In recent years, soaring energy consumption is posing a huge potential threat to China's energy security. China has rich coal resources, but most of the coal is mainly burned directly with low efficiency. Thus oil and gas plays a comparatively important role in national economic development. However domestic oil and gas cannot meet the need of economic development. To solve this problem, China would continue to import oil and gas from petroleum producing countries, especially from the Middle East. The dependence on oil import increases year after year and the sources of supply are concentrated in a few countries, which results in the insecurity of energy supply. Therefore, China should optimize its energy structure, improve energy efficiency, increase the geographic diversity of oil supply, build oil reserve bases, and develop new energies actively. |
