Zhang Guobao, director of the National Energy Administration of China, expressed his profound concern about the overall downturn in demand for China's energy industry. "The negative impact of the international financial crisis and the economic situation on the domestic economy has fully emerged." Zhang Guobao said.
The long text named "The Machine" in the "Current Situation of Energy Situation" appeared yesterday in the headline of the People's Daily's ninth edition. The data disclosed in the article shows that China's energy demand has dropped drastically. Taking electricity demand as an example, the monthly electricity consumption in October decreased by 3.7% year-on-year, which is the first single month electricity consumption decline since 1999, while the single month electricity consumption in November decreased by 8.6% year-on-year.
The chain reaction brought about by the decline in energy demand is that the price has fully declined, and this downward trend is accelerating. “These real data tell us that the situation is worse than previously thought.†Han Xiaoping, chief information officer of China Energy Network, told reporters yesterday. According to this senior energy expert, the just-concluded national coal ordering meeting is a concentrated epitome of the overall downturn in energy demand.
However, “the financial crisis has eased the contradiction between energy supply and demand, and the tension between coal, electricity, oil and transportation has been greatly relieved. It provides an important period of opportunity for the energy industry to recuperate and settle some deep-level conflicts.†Zhang Guobao of the energy industry has found "accidents" from "danger."
Zhang Guobao believes that the crisis has provided the Chinese energy industry with a rare opportunity for adjustment. It is undoubtedly one of them to “deepen the reform of the energy system and mechanismâ€. “Because of the slowdown in economic growth and the fall in raw material prices, the upward pressure on the CPI has been significantly weakened and inflationary pressures have eased. This situation has provided room for rationalizing the energy price formation mechanism.â€
In addition, Zhang Guobao said that the immediate crisis provided an opportunity for China to actively stimulate domestic demand, strengthen energy infrastructure construction, accelerate energy restructuring, and expand the use of overseas energy resources. For example, strategic reserves of energy resources can be strengthened, the construction of the second phase base of strategic petroleum reserves can be actively promoted, commercial oil reserves can be promoted, enterprises can be encouraged to use their idle commercial capacity to increase their oil reserves, and government reserves and corporate reserves for other strategic energy materials can be established.
The long text named "The Machine" in the "Current Situation of Energy Situation" appeared yesterday in the headline of the People's Daily's ninth edition. The data disclosed in the article shows that China's energy demand has dropped drastically. Taking electricity demand as an example, the monthly electricity consumption in October decreased by 3.7% year-on-year, which is the first single month electricity consumption decline since 1999, while the single month electricity consumption in November decreased by 8.6% year-on-year.
The chain reaction brought about by the decline in energy demand is that the price has fully declined, and this downward trend is accelerating. “These real data tell us that the situation is worse than previously thought.†Han Xiaoping, chief information officer of China Energy Network, told reporters yesterday. According to this senior energy expert, the just-concluded national coal ordering meeting is a concentrated epitome of the overall downturn in energy demand.
However, “the financial crisis has eased the contradiction between energy supply and demand, and the tension between coal, electricity, oil and transportation has been greatly relieved. It provides an important period of opportunity for the energy industry to recuperate and settle some deep-level conflicts.†Zhang Guobao of the energy industry has found "accidents" from "danger."
Zhang Guobao believes that the crisis has provided the Chinese energy industry with a rare opportunity for adjustment. It is undoubtedly one of them to “deepen the reform of the energy system and mechanismâ€. “Because of the slowdown in economic growth and the fall in raw material prices, the upward pressure on the CPI has been significantly weakened and inflationary pressures have eased. This situation has provided room for rationalizing the energy price formation mechanism.â€
In addition, Zhang Guobao said that the immediate crisis provided an opportunity for China to actively stimulate domestic demand, strengthen energy infrastructure construction, accelerate energy restructuring, and expand the use of overseas energy resources. For example, strategic reserves of energy resources can be strengthened, the construction of the second phase base of strategic petroleum reserves can be actively promoted, commercial oil reserves can be promoted, enterprises can be encouraged to use their idle commercial capacity to increase their oil reserves, and government reserves and corporate reserves for other strategic energy materials can be established.
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