WATCHING THE WORLD: China relying on coal, CBM

If you believe senior Chinese officials, their country’s future energy needs will be met more by domestic coal than by imported crude oil or natural gas.Indeed, at the 7th Sino-US Petroleum & Natural Gas Forum last week in Hangzhou, a senior official with China’s National Development and Reform Commission (NDRC) said his country would reduce its reliance on petroleum imports by basing its energy supply on coal and by developing new and renewable energy sources.Zhang Guobao, vice-minister of the NDRC, said China successfully reduced its net imports of petroleum last year. He said China’s oil consumption was 317 million tonnes, down slightly from the previous year, and...

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