China plans to produce 193
million tons of crude oil and 92 billion cubic meters of natural
gas in 2010, said the nation's top planning agency.
China will apply new technologies and increase
investment to boost oil and gas output, according to the Eleventh
Five-Year Plan for Energy Development (2006-2010) released by the
National Development and Reform Commission on Tuesday.
The plan said China, the world's second-largest energy
consumer, will also draw up incentives to encourage investment in
oil and gas exploration and production.
It said China will step up development of recyclable
and nuclear energy and hydropower on condition that the environment
is protected and displaced people are resettled.
China will speed up
development of its six major coal production bases and hydropower
stations on the upper reaches of the Yellow River, and middle and
upper reaches of the Yangtze River and several of its major
tributaries, according to the plan.
The plan also said China will strive to limit its
energy consumption to 2.7 billion tons of standard coal, an annual
growth of 4 percent between 2006 and 2010.
It said China aimed to produce 2.4 billion tons of
standard coal in 2010, an annual growth of 3.5 percent.
China will strive to cut energy consumption per 10,000
yuan (US$1,370) of gross domestic product from 1.22 tons of
standard coal in 2005 to 0.98 tons in 2010, an annual decrease of
4.4 percent, said the plan.
Last year the country lowered its energy consumption
per unit of GDP by 1.23 percent, falling short of the target of 4
percent.
(Xinhua News Agency April 11, 2007)
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