What are the key quantitative targets set by China's '15th Five-Year' Plan for Oil and Gas Development by 2030?

The plan sets several concrete quantitative targets for 2030: domestic oil and gas supply reaching 440 million tons of oil equivalent; addition of 20,000 kilometers of new long-distance oil and gas pipelines, bringing the total national long-distance pipeline network to 220,000 kilometers; natural gas storage capacity accounting for over 13% of national consumption; LNG receiving terminal unloading capacity reaching 200 million tons per year; land-based pipeline import capacity for natural gas reaching 114 billion cubic meters per year; and annual CO₂ injection via CCS/CCUS reaching 10 million tons.

What are the two central strategic missions guiding China's oil and gas development during the '15th Five-Year' period (2026–2030)?

The two central strategic missions are 'ensuring energy security' and 'green and low-carbon development', which together anchor the industry's transformation and upgrading during the '15th Five-Year' period, with the overarching goal of gradually building a modern oil and gas industrial system by 2030.

China Releases '15th Five-Year' Plan for Oil and Gas Development, Focusing on Energy Security and Low Carbon

Aug 17, 2026

The National Development and Reform Commission released the '15th Five-Year' Plan for petroleum and natural gas, targeting 440 million tons of oil equivalent supply by 2030 and expanding CCS/CCUS capabilities.

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China Releases '15th Five-Year' Plan for Oil and Gas Development, Focusing on Energy Security and Low Carbon

China Releases '15th Five-Year' Plan for Oil and Gas Development, Focusing on Energy Security and Low Carbon

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