China Targets 440 Million Tonnes of Oil, Gas Supply by 2030

BEIJING, Aug. 17 -- China's domestic oil and gas supply is expected to reach 440 million tonnes of oil equivalent by 2030 under a new five-year plan for the National Energy Administration said on Monday.

The plan, jointly issued by the NEA and the National Development and Reform Commission, also sets targets to add 20,000 km of long-distance oil and gas pipelines by 2030. This will bring the country's total pipeline network to 220,000 km.

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"Oil and gas are key sources of energy and industrial raw materials, with their supply closely linked to China's energy security and people's livelihoods," it notes.

Under the new plan, China aims to raise its natural gas reserves to the equivalent of more than 13 percent of national consumption, and bring the annual carbon dioxide injection from carbon capture and storage as well as carbon capture, utilization and storage (CCS/CCUS) projects to 10 million tonnes by 2030.

It sets out a goal of building a modern oil and gas industry with a stronger domestic supply capacity, more efficient pipeline networks, adequate and flexible reserves, greener production, safer and more efficient operations, higher-value processing and utilization, breakthroughs in homegrown technologies and more diversified international cooperation.

Key tasks include stepping up oil and gas exploration and production, expanding infrastructure, strengthening oil and gas reserves, deepening international cooperation, accelerating the green transition and development of new quality productive forces, boosting technological innovation and deepening reforms in the oil and gas sector.

The plan also calls for coordinated development of oil and gas with renewable energy and associated resources. Oil and gas fields and surrounding areas will be encouraged to develop solar, wind and geothermal energy in an orderly manner, raise electrification rates and build green, low-carbon and zero-carbon oil and gas fields.

China's total oil and gas output reached a new record of 420 million tonnes of oil equivalent in 2025, marking a notable improvement in the country's independent energy security capacity, official data showed.