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China’s energy regulator presented its major achievements in energy development in 2022 and outlined its objectives for the coming year at the National Energy Work Conference on Friday.
In 2022, China made significant strides in increasing oil and gas storage and production, with crude oil output reaching 200 million tonnes and natural gas output exceeding 217 billion cubic meters, according to the conference held by China’s National Energy Administration.
The country also invested approximately 2 trillion yuan ($290 billion) in key energy projects nationwide to ensure energy supply.
Looking to 2023, Zhang Jianhua, director of the National Energy Administration, stated that ensuring energy security with coal power as the “ballast stone” will be a top priority.
Zhang also emphasized that efforts will be made to adjust and optimize the energy structure by developing wind, solar and nuclear power in a safe and orderly manner.
The installed capacity of wind power will reach about 430 million kilowatts (kW) in 2023, and solar power will reach about 490 million kW.
The installed capacity of nuclear power will also increase by 2.89 million kW, with the total capacity reaching 58.46 million kW.
In addition, China plans to conduct pilot projects for the energy transition in rural areas and provide clean heating during winter in northern China, according to Zhang.
Improving energy regulation efficiency, accelerating energy technology innovation, and expanding international energy cooperation are also tasks for China in 2023.
