Chinese top energy authority the National Energy Administration (NEA) has drafted a special energy plan to materialize the "Belt and Road" initiative, said a report by Xinhua-run Economic Information Daily on Thursday. Now, the government is soliciting opinions on the draft to optimize the energy plan.
The NEA held a meeting in May on prompting international energy cooperation and implementing the "Belt and Road" initiative. China would continue to deepen cooperation on exploration and development of coal, petroleum, natural gas, metals, minerals and other conventional energy, proactively prompt cooperation on hydraulic power, nuclear power, wind power, solar power and other clean energy and push forward processing and transformation of energy at local places. Energy cooperation would be carried out along the whole industry chain.
China would focus on the Central Asia, Russia, the Middle East, Africa and Latin America in the upstream and attain priority on building of refining and chemical bases in resource-rich and consumption countries, technological research and development bases as well as equipment manufacturing bases.
China plans to build six industrial zones in west China, Kazakhstan, Gwadar Port of Pakistan, the Middle East, Far East area of Russia and Southeast Asia, said the report citing an anonymous source involved in drafting of the energy plan.
In the middle stream, China would concentrate on linkage of oil and gas pipelines, building arterial oil and gas pipelines in Asia and prompt forming of regional pipeline network. China plans to explore new routes for multi-modal combined transport by rail and sea beside more security inputs in traditional routes via Malacca Straits and others.
China would build and optimize petroleum and natural gas exchanges and considering establishment of regional market in northwest China's Xinjiang and southwest China, according to the source.
Regional financial market of natural gas and petroleum shall be established in cooperation with neighboring countries to resolve problem of premium oil and gas prices in Asia and reduce costs of trading, the source said.
State-owned oil companies in China are urged to foster a batch of world-class international oil and gas companies by taping the "Belt and Road" initiative.
Latest comments