The energy supply in China has been generally stable and in good order this year despite rising external pressure, an official with the country's top economic planner said Tuesday.
"We are confident and can guarantee a stable and orderly energy supply for the upcoming summer power peak," said Zhao Chenxin, deputy director of the National Development and Reform Commission.
By the end of April, China's total installed power generation capacity reached about 2.41 billion kilowatts, which is expected to further increase to 2.45 billion kilowatts before the summer, he told a press briefing.
The government has moved to boost the production of coal, the country's main energy source. China's coal output increased 10.5 percent year on year to about 1.45 billion tonnes in the first four months of this year, according to Zhao.
Regarding oil and gas, he said that, due to government efforts in response to rising international oil prices, inventories in China's major oil and gas enterprises have remained at a high level.
The government has also prepared for this year's winter heating season in advance by facilitating gas supply deals between upstream gas enterprises and their downstream clients, covering a greater amount of gas than the supply volume last year, said Zhao.
To ensure energy security, China has made plans to add an extra 300 million tonnes of coal production capacity this year, while coal imports have been exempted from tax between May 1 this year and March 31, 2023, according to previous government announcements.
ABOUT CHINA MINING
CHINA MINING CONFERENCE AND EXHIBITION (CHINA MINING) IS OFFICIALLY SUPPORTED BY MINISTRY OF NATURAL RESOURCES CHINA. SINCE FIRST HELD IN 1999, CHINA MINING HAS BECOME ONE OF THE WORLD’S TOP MINING EVENTS AND ONE OF THE WORLD’S LARGEST MINING EXPLORATION, DEVELOPMENT AND TRADING PLATFORMS, COVERING ALL ASPECTS OF THE WHOLE MINING INDUSTRY CHAIN, INCLUDING SURVEY AND EVALUATION, EXPLORATION AND MINING, TECHNIQUES AND EQUIPMENT, INVESTMENT AND FINANCE, TRADE AND SERVICES, ETC., PLAYING AN ACTIVE PROMOTION ROLE IN CREATING EXCHANGE OPPORTUNITIES AND ENHANCING MUTUAL COOPERATION BETWEEN DOMESTIC AND FOREIGN MINING ENTERPRISES.
With the theme of "Multilateral cooperation—for development and prosperity of post pandemic era", China Mining Conference and Exhibition 2021 (CHINA MINING 2021) was held in Tianjin China on October 21-23, 2021. For more information about CHINA MINING, please visit: www.chinaminingtj.org/en/.