China energy reserve tufeng

Does new pumped-storage capacity in China improve wind and solar power?

38 U.S. Energy Information Administration, International Energy Statistics. 39 Katherine Antonio, Jonathan Russo, and Elesia Fasching, "New pumped-storage capacity in China is helping to integrate growing wind and solar power," U.S. Energy Information Administration, August 9, 2023.

What is China's per-capita energy reserve?

China’s per-capita energy reserve is considerably lower than the world average. The per-capita average of coal and hydropower resources is only about 50% of the world average, whilst the per-capita average of oil and natural gas reserves is only about 6.7% of the world average.

Will pumped-storage capacity boost China's plans to go green?

39 Katherine Antonio, Jonathan Russo, and Elesia Fasching, "New pumped-storage capacity in China is helping to integrate growing wind and solar power," U.S. Energy Information Administration, August 9, 2023. 40 Ameya Paleja, "Hydro energy storage gets a major boost in China's plans to go green," Interesting Engineering, June 20, 2022.

How is China reshaping its energy supply?

China has been tapping into unconventional resources to expand its energy supply, with significant advancements in shale gas exploration and coal-bed methane extraction currently reshaping the country's resource landscape, it said.

What is China's total refinery capacity in 2023?

China’s total refinery capacity as of June 2023 was 19.8 million b/d. An additional 1.1 million b/d of capacity will be added by 2026. The 430,000 b/d Local Yulong project is the largest addition and starts operations in early 2025.

Will China raise natural gas production in 2023?

U.S. Energy Information Administration, International Energy Statistics; "Energy Production in December 2022," National Bureau of Statistics of China, last modified January 18, 2023. "PetroChina plans to raise 2023 natural gas production by 4.6% to 138 Bcm," S&P Global Commodity Insights, March 21, 2023.