China aims to boost power capacity by more than 30% through 2025 🇨🇳⚡
😮 To put that into context: the 800-gigawatt growth goal is twice the size of India’s entire power fleet (!!)
💪 China also plans to increase gas output to improve energy security
bloomberg.com/news/articles/…
😮 To put that into context: the 800-gigawatt growth goal is twice the size of India’s entire power fleet (!!)
💪 China also plans to increase gas output to improve energy security
bloomberg.com/news/articles/…
The ambitious power capacity target comes as China ramps up renewable installations, which operate for fewer hours over the year than traditional thermal plants and therefore require more capacity to generate the same amount of electricity
🛢️ China aims to lift domestic crude oil output back to 200 million tons a year and keep it at that level. Production fell below that level in 2016 after oil prices crashed
#OOTT
#OOTT
📈 China's natural gas production should rise to 230 billion cubic meters by 2025, up from 205 billion last year
That may actually cut dependence on overseas LNG (China became the world's top LNG importer last year)
That may actually cut dependence on overseas LNG (China became the world's top LNG importer last year)
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