Framework of policies, institutions in place to enable China to meet its soaring oil, gas demand

China's energy challenge—1 This is the first of two parts; the second part will appear Sept. 13.Portions of this article first appeared in China Law & Practice, February 2004, 18(1), pp. 19-27 and is reproduced with the permission of Euromoney (Jersey) Publications (Jersey) Ltd.For China, the energy challenge is clear but formidable: It must find additional sources of energy, both domestic and foreign, to fuel its growing economy.China now accounts for more than 10% of the world's energy consumption, second only to the US. The country has been a net importer of oil since 1993.According to the International Energy Agency, by 2030, China will need to import up to 85% of its cr...

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