Foreign Correspondence

[Amaunet]

If China pulls this off, they have won the Grand Game. Bush intends to dominate China by controlling the flow of oil. If China becomes less dependent on imported oil Bush will lose his most potent ‘weapon’, oil.

Once again China changes the rules to their benefit.

In a world that runs on oil, the nation that controls the flow of oil has great strategic power. U.S. policy-makers want leverage over the economies of competitors -- Western Europe, Japan and China -- that are more dependent on Middle Eastern oil.
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The U.S. is not interested in Caspian oil to supply its own internal industry. The U.S. is grabbing for control of the Caspian oil fields because other countries need this oil--and because the U.S. wants to control them. Other imperialist rivals--including Germany and Japan--are "energy poor" and need access to oilfields outside their borders. Most Third World countries are heavily dependent on imported oil.
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Every little bit helps, see also: China to build 40 nuclear reactors in 15 years
http://www.chinadaily.com.cn/english/doc/2005-04/07/content_431921.htm

-Am

China to rely on domestic resources in energy supply

www.chinaview.cn 2005-04-23 17:19:33

BOAO, Hainan, April 23 (Xinhuanet) -- China would mainly rely on domestic resources to satisfy its energy demand, said Jia Qinglin,chairman of the national advisory body, at the 2005 annual conference of the Boao Forum for Asia, which opened here Saturday.

China also needs to import a proper amount to meet its energy demand, said Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, in response to a question from the participants.

The energy issue is a common concern for Asian countries and also a challenge to China, and the Chinese government attaches great importance to the issue, he said.

China's demand for energy rises steadily with its fast economic growth. However, China is not only a big energy consumer but also a big energy producer, and imports only account for a small part of China's energy supply, Jia said.

Last year China produced 170 million tons of petroleum and morethan 1.9 billion tons of coal. By 2020, import would also be a small part of China's energy consumption, he predicted.

Jia said China would give priority to energy conservation and construction of an energy-saving society, while accelerating the adjustment of its energy structure through readjusting the industrial structure and product mix to cut energy demand by a bigmargin.

China would tap more non-coal energy resources including water resources, oil and gas resources, solar and wind energy while making proper use of nuclear energy. Productivity of coal mines would be improved on the basis of ensuring coal mine safety and reducing environmental pollution, he said.

Clean coal technology and the coal chemical industry would alsobe developed, especially the industrialization of coal liquefaction.

Jia said China would expand cooperation with other major energyproducing and consuming countries and continue to follow the way for sustainable common development.

As for the economic integration of Asia, Jia said China would continue to follow its foreign policy of treating neighbors in a friendly manner and taking them as partners to strengthen communication and cooperation with other Asian nations.

China has been consistent in the view that all kinds of regional cooperation in Asia should follow the principle of openness, tolerance and gradual improvement, he said.

China would give special light to the establishment of a new mechanism of cooperation among Asian nations to promote regional cooperation continuously, Jia said. Enditem


http://news.xinhuanet.com/english/2005-04/23/content_2868420.htm



China to control its reliance on oil imports
(Xinhua)
Updated: 2005-04-23 11:00

With looming challenges in energy resource management, China will lower its reliance on oil imports to around 35 percent by 2020, and seek to maintain it at that level, said Wang Tao, senior vice-president of the World Petroleum Congress (WPC), in Boao, South China's Hainan Province Friday.

A large petroleum consumer, China faces serious challenges in energy resource management as its economy has been growing at an average rate of 9 percent in the past 20 years.

Energy supplies, especially oil supply, cannot meet the demand of the soaring economy, said Wang, at a roundtable meeting, part of the Annual Conference 2005 of Boao Forum for Asia.

Last year, China's oil output reached 174 million tons, ranking fifth in the world. However, in the same year about 40 percent of China's oil supply was from imports.

Due to its large population, China's average resources per capita are much lower than the world average level. The average storage of coal per capita is only 79 percent of the world average, oil 11 percent and natural gas 4.5 percent, said Wang, also director of the Chinese National Committee under the WPC.

The latest evaluation results show that China's petroleum storage is 61.9 billion tons and only 23.4 billion tons, or 37.8 percent, have been discovered. Potentials lie in western regions and marine areas, where the percentage of oil fields being discovered is 21.5 percent and 22.6 percent, respectively.

Despite of its bad effects, the price hike in the international oil market could help China to collect more money and improve oil field exploration, said Wang.

Meanwhile, China could also enhance exploration efficiency of oil field by adopting advanced technologies, he said.

Wang predicted that China's oil output would keep rising and the oil and gas production would reach a peak period by 2020.

On the other hand, China is taking an energy-saving approach to development to ease its energy pressures. Wang suggested that detailed policies and regulations should be made to save energy in economic growth.

In the next 15 years, China is likely to quadruple its national economy while its energy consumption will only double, Wang said.



http://www.chinadaily.com.cn/english/doc/2005-04/23/content_436862.htm