(MENAFN) According to a report released, China's dependency on imported oil and natural gas grew to around 60 percent and 32.2 percent in 2014, respectively, Xinhua reported.
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 & Technology.
Annual energy consumption stood at 3.85 billion tons of standard coal in 2014, growing slower than last year's 2.7 percent. This year, coal consumption is forecasted at 2.46 billion tons.
China had built six national strategic oil reserve bases and 25 commercial reserve bases by 2014-end, with a reserve capacity of 141 million barrels and 307 million barrels, respectively.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.