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Policy & Regulation

China embraces reform to bolster energy security

China’s leadership is turning to sweeping reforms to spark a boom in domestic energy output as heightened tensions with the US force Beijing to consider its energy security China’s leadership is turning to sweeping reforms to spark a boom in domestic energy output as heightened tensions with the US force Beijing to consider its energy security.
By Tang Tian 8 August 2019 Asia Pacific / Exploration & Production 0 34466
A PetroChina rig in the Tulia oilfield. (PetroChina)

The key issue: China’s central government has sharpened its policy focus on energy security over the past year, as escalating geopolitical risk with the United States has forced Beijing to move domestic energy output growth to the top of its political agenda.

Interfax analysis: China’s renewed emphasis on increasing its energy output is forcing policymakers in Beijing to confront contradictory problems, with the proposed solution of industry reform having major implications for state-run PetroChina.

China’s energy challenges essentially boil down to two problems:...