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Route of the Sustainable

Development of China’s Energy

Chen Wei Senior Vice-president of CNOOC Limited 2011.10.18

Seoul•Korea

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Contents

The resource restriction to China’s sustainable development is gradually increasing

Route of China’s energy development

The respective functions of different energy forms

in China’s resource consumption

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3

CHINA

Resource

Urbanization Ecological

China: the largest developing country in the world

Industrialization

Energy

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The per capita energy consumption comparison between China & America

2.23

10

per capita energy consumption

Tons of standard coal

China America

2.2

23.28

Barrels of oil equivalent

Grams of standard oil / thousand dollars

0.11

0.18

0.91

0.23

Energy intensity

( The energy consumption of per unit GDP)

per capita oil consumption

China America Japan Germany America China

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5

Contents

The resource restriction to China’s sustainable development is gradually increasing

Route of China’s energy development

The respective functions of different energy forms

in China’s resource consumption

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6

Route of China’s energy development

Paying attention to unconventional oil and gas resources potential

4

Developing deep-sea oil and gas resources vigorously

3

Energy saving is China 's biggest source of energy

1

Integrating traditional fossil energy and renewable energy to increase energy supply

2

ROUTE

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Energy saving is China 's biggest source of energy

1

Energy saving in the process of energy conversion, that is to improve energy

conversion efficiency.

If the efficiency can be improved, then the same energy consumption can achieve greater economic growth.

3

Energy-saving and emission reduction in conventional sense, that is to save energy from the development of products, such as the promotion of energy-saving lamps, buildings and so on.

2

Energy saving in the process of energy using, that is to improve energy use efficiency. The

application of distributed energy application can greatly improve the efficiency of energy use.

Economy can grow continuously and quickly without

increasing energy consumption and environment pollution

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8 Coal now is and will be the main part of Chinese energy supply increment. High efficient and clean energy is the main direction of Chinese energy development, coal technology and industry is the realistic choice.

Coal

Non fossil energy

Non-fossil energy will become an important part of energy supply increment. Its contribution to the

energy increment can balance international oil price, safeguard energy security, reduce emission and improve environment in some sense.

Integrating traditional fossil energy and

renewable energy to increase energy supply

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2000 2011

1990 1500000

barrels / day 4000000 barrels / day

World deep-sea oil production growth chart

Deep sea oil has become the main growth point of world oil supply

Developing deep-sea oil and gas resources vigorously

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Oil sand

Shale gas Coal seam gas

Paying attention to unconventional oil and gas resources potential

The reuse and recycle of Carbon dioxide

Tight sandstone gas

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Contents

The resource restriction to China’s sustainable development is gradually increasing

Route of China’s energy development

The respective functions of different energy forms

in China’s resource consumption

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12

COAL

OIL and GAS

Clean Energy

Electricity generation Transportation

Chemical products Improve structure of energy consumption

The respective functions of different energy

forms in China’s resource consumption

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The development of China's energy should be based on national

conditions, take all factors into consideration to achieve high efficiency, clean and safety of energy supply. We should coordinate the relations between energy development and regional development, position the function of fossil energy exactly, as well as explore the using mode of it. We should consider energy saving as “Chinese first energy", clean and efficient utilization of coal as the main direction of energy

development, the comprehensive utilization of CO2 as the important area of Chinese energy saving, actively and steadily develop the overseas market, develop non-fossil energy, so as to build a safe, stable, economic, clean and modern energy industry system.

End

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Thank you !

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