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China Boosts Energy Security Amid Soaring Oil Prices

3/10/2026

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Story summary
  • China aims to strengthen energy security as oil prices exceed US$100 per barrel.
  • China plans to stabilize crude production at 200 million tonnes annually.
  • China plans to increase natural gas output.
  • The latest five-year plan prioritizes self-sufficiency in oil and gas.
  • By 2030, China targets 5.8 billion tonnes of standard coal capacity, including a current capacity of 5.13 billion according to the National Energy Administration.