Oil and gas development will move deeper into deep water to reduce external dependence

To improve the ability to protect oil and gas resources and reduce dependence on foreign, China will strengthen the deep and deepwater exploration and development of unconventional oil and gas resources, and strive to 2035 the oil and gas dependence on foreign control, respectively, 70% and 50%.
At the second high-end symposium on China's oil and gas resources development strategy held on the 2nd, reporters learned that while the pace of energy restructuring in China is accelerating, oil and gas, especially natural gas, still need to be vigorously developed. It is predicted that in 2035 and 2050, the proportions of oil and gas in China's primary energy consumption structure will be 32% and 35% respectively. Among them, the proportion of oil slowly declines after its peak in 2030, while the proportion of natural gas will continue to increase by 2040. Oil and Gas Ministry of Land and Resources Strategic Research Center proposed to strengthen the deep-water exploration and development of deep oil and gas resources, will ease the contradiction between supply and demand of oil and gas, energy and resources to ensure national security play an important role, but also to promote the deep, deep scientific and technological innovation, construction of maritime power, preservation of the marine An important measure of rights and interests. Enhancing the exploration and development of deep-water, deep and unconventional oil and gas resources is expected to control the reliance on oil and natural gas by less than 70% and 50% by 2035 respectively
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