Petroleum use ex­pected to slow down

China Daily (Canada) - - NEWSCAPSULE -

China’s petroleum use will drop to 2.5 per­cent dur­ing the years 2013 to 2020 as the gov­ern­ment tries to slow down eco­nomic growth and re­duce carbon emis­sions, said ex­perts.

The fig­ure will keep de­clin­ing to 1.5 per­cent from the year 2020 to 2030, pre­dicted Dai Ji­aquan, deputy di­rec­tor of the Oil Mar­ket Re­search Of­fice with the CNPC Eco­nom­ics and Tech­nol­ogy Re­search In­sti­tute.

China used 490 mil­lion tons of petroleum in 2012, a 4.7 per­cent in­crease year-on-year. Mean­while, China’s nat­u­ral gas use last year reached 144.5 bil­lion cu­bic me­ters, up 12.8 per­cent year-on-year, much higher than the growth in petroleum use. (Photo 1)

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