China Petrochemical Corporation or Sinopec forecasted the country's coal consumption will hit the highest of 4.37 billion tonnes around 2025 and then reverse to decline. Coal will still play a significant role in ensuring energy supply and security of the country in the next ten years, the company said in the China Energy Outlook 2060 released on December 28.

China's total primary energy consumption is forecast to peak around 2030-2035 at 6.26 billion tonnes of standard coal, which would drop to 5.7 billion tonnes in 2060.

The total carbon emissions from energy activities are projected to peak before 2030 at 10.1 billion tonnes excluding the carbon sequestration of raw materials, up from 10.02 billion tonnes in 2023. Carbon emissions are expected to reach 1.7 billion tonnes in 2060, which need to be absorbed through the CCUS technology (carbon capture, utilization and storage) and ecological carbon sink.

Petroleum consumption is anticipated to peak before 2027 at around 800 million tonnes in total and about 16 million barrels per day, which is driven by faster expansion in the new energy vehicle sector, Sinopec added.

Sinopec also projected China's demand for natural gas to reach 610 billion cubic meters (bcm) around 2040 amid stable growth, accounting for 13% of total primary energy use. The volume was higher than the prediction of 425 bcm for 2025.

Non-fossil energy supply including solar and wind will exceed the equivalence of 3 billion tonnes of standard coal by 2045, taking up 50% of the total primary energy consumption. The non-fossil energy will become the dominant energy source of the country with high development speed, the outlook showed.

(Writing by yan.sun  Editing by Emma Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article

Connect with us