CHINA China's energy demand focus shifting from industry to consumption: report


China's energy demand focus shifting from industry to consumption: report


16:50, August 25, 2019

BEIJING, Aug. 25 (Xinhua) - China's energy demand is shifting its focus from industrial production to consumption as the country's economic transition accelerates, a report showed.


(File photo: VCG)

The industry sector's energy consumption might peak around 2025, while the transport sector might enter a peak phase after 2035, according to a report released by a think tank with the China National Petroleum Corporation.

Energy consumption by the construction sector might keep growing before 2050, the report estimated.

China's primary energy demand is expected to peak between 2035 and 2040 in the baseline scenario, and the country's economy will achieve high-quality growth on lower energy consumption.

The report predicted that the share of non-fossil fuels, oil and gas in primary energy consumption might top coal by 2050 in China.

Globally, oil and gas demand might be concentrated in the Asia-Pacific region, which is expected to become the world's only crude oil net inflow region in 2025, the report showed.  

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue