(MENAFN- Kuwait News Agency (KUNA)) China's dependency on imported oil and natural gas grew to about 60 percent and 32.2 percent respectively in 2014, the state-run Xinhua News Agency reported Wednesday, citing the country's largest oil and gas producer. China imported 308 million tons of oil and 59 billion cubic meters of natural gas last year, according to a report released by China National Petroleum Corporation (CNPC) Economics and Technology Research Institute. Coal consumption is estimated to stand at 2.46 billion tons of standard coal, down 0.5 percent year on year, marking the first dip since 2000. China had built six national strategic oil reserve bases and 25 commercial reserve bases by the end of last year, with a reserve capacity of 141 million barrels and 307 million barrels respectively, the report said.
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