Four annual blue books on the oil and gas industry released

China Petroleum Network News (Reporter: Chu Haihong) — On April 17, the China Petroleum Enterprises Association, the University of International Business and Economics, China University of Petroleum (Beijing), Southwest Petroleum University, and other institutions jointly released four annual blue books on China's oil and gas industry, including the "China Oil & Gas Industry Development Analysis and Outlook Report: Blue Book (2024–2025)," in Yangzhou, Jiangsu Province. These reports offer a multi-dimensional overview of trends in China's oil and gas sector as well as its progress toward low-carbon economic development.
The "China Oil and Gas Industry Development Analysis and Outlook Report: Blue Book (2024–2025)" highlights that in 2024, China experienced dual growth in oil and gas production, accompanied by a simultaneous increase in apparent oil and gas consumption. In 2025, the energy transition, coupled with geopolitical risks, is set to reshape the global oil and gas supply-and-demand landscape, potentially further elevating the status of natural gas. If Chinese oil and gas enterprises proactively address market volatility and other challenges amid geopolitical risks and regional conflicts—while strengthening international cooperation and driving technological innovation—they will not only contribute to the energy transition but also forge new key areas for collaborative efforts toward achieving the "dual carbon" goals. This, in turn, will accelerate the upgrading of green technologies and the strategic alignment of value chains.
The "China Low-Carbon Economy Development Report: Blue Book (2024–2025)" highlights that the low-carbon industry is poised to embrace significant growth opportunities. In 2024, China’s industrial energy-saving and emission-reduction policies have yielded remarkable results, with the country’s energy consumption per unit of GDP dropping by 2.9% year-on-year, while carbon dioxide emissions per unit of GDP fell by 4%. Looking ahead to 2025, investments in CCS/CCUS technologies are expected to be ramped up, further driving green development. Meanwhile, wind energy development will continue to focus on promoting wind power projects in rural areas as well as decentralized wind initiatives, accelerating the construction of both offshore and onshore wind power generation bases, and advancing the establishment of a nationwide unified electricity market. The solar energy sector, however, is likely to face challenges such as overcapacity and difficulties in absorbing excess production, prompting the industry to pursue consolidation and upgrades. On the other hand, the geothermal energy sector is set to expand further, with breakthroughs expected in technological innovation. Meanwhile, hydrogen energy applications at the end-user level will gradually diversify, laying the groundwork for the initial formation of a relatively complete supply chain and industrial ecosystem. Finally, the biomass energy industry is poised to evolve into a more robust and diversified landscape.
The "Blue Book Report on Refined Oil and New Energy Development (2024–2025)" highlights that, influenced by global market volatility and the ongoing energy transition, China's refined oil market is undergoing unprecedented pressure and transformation. In 2024, the gasoline market faced downward pressure due to four key factors: the growing adoption of new-energy vehicles, expanded rail transportation networks, the increasing reach of shared mobility services, and the gradual substitution of biofuels—resulting in a 1.25% decline in consumption. Meanwhile, diesel consumption fell sharply by 4.86% year-on-year. In contrast, aviation kerosene bucked the trend, experiencing a robust rebound driven by the recovery of the civil aviation industry, becoming the only refined oil category to post positive growth, with a year-on-year increase of 5.06%. As such, structural adjustments within the refined oil industry have become inevitable. Looking ahead, the number of integrated service stations is expected to rise, paving the way for a new multi-energy supply landscape.
The "China Natural Gas Industry Annual Operation Report: Blue Book (2024–2025)" highlights that China's natural gas consumption has recently returned to a rapid growth trajectory, with the gas consumption structure and energy mix continuing to optimize and upgrade. Looking ahead, natural gas production is expected to maintain its robust growth momentum, further bolstering China's energy supply and economic development.

Source: China National Petroleum Corporation News Center