China to see gas output hitting 300 bcm by 2030: report

⁠⁠⁠⁠⁠⁠⁠China's natural gas production is projected to reach 300 billion cubic meters by 2030, according to a development report released in Beijing.

The report, covering the development of China's oil and gas industry during the country's 14th Five-Year Plan period (2021–2025), said proven geological reserves rose by 7 billion tons of oil and 7 trillion cubic meters of gas, up 43 percent and 40 percent respectively from the previous five-year period. Oil and gas production hit record highs.

"The oil output is likely to reach between 215 and 216 million tons this year. Natural gas has seen major growth during the 14th Five-Year Plan period (2021–2025), with annual domestic output rising by nearly 13 billion cubic meters. In the 15th Five-Year Plan period (2026-2030), we expect annual increases of more than 10 billion cubic meters, reaching 300 billion cubic meters around 2030," said Wu Mouyuan, deputy director of the Economics and Technology Research Institute of China National Petroleum Corporation (CNPC).

The report forecast that China's energy structure will feature less coal, stable oil and gas, and rising non-fossil fuels over the next decade.

By 2060, fossil fuels are expected to account for 23 percent of the energy mix, hydropower and nuclear 19 percent, wind 25 percent, and solar 30 percent, the report said.

"In the next five years, through the integrated development of fossil energy and renewables, we will achieve a heathy, stable, and resilient energy system. Clean energy will continue to grow rapidly. More than 90 percent of renewable energy will be consumed via electricity, so the electrification at end-use sectors is a key direction of transformation in the future," said Wu.

With the rapid growth of artificial intelligence and new high-energy industries, China's power demand will exceed 20 trillion kilowatt hours by 2060, double the 2025 level. Electrification at end-use sectors is expected to reach 62 percent, rising by nearly one percentage point annually, the report projected.

China to see gas output hitting 300 bcm by 2030: report

The closure of Poipet border crossing, the largest land border crossing between Thailand and Cambodia, has left large numbers of people stranded on both sides of the border and unable to return home amid continuing clashes.

At the Thai side of the border on Saturday, security personnel carried out strict checks on all vehicles and people at a distance of about 500 meters from the Poipet crossing, and only those holding Cambodian documents and relevant personnel were allowed access to the area.

"I have been in Thailand for about three to four years, working in a factory. Now the situation at the border is not good, so I want to go back to my hometown," said one of the stranded Cambodian nationals.

Another more than 20 Cambodian nationals failed to go home through the Poipet border crossing on Saturday, and were later picked up by a kind-hearted Thai local, who said that many groups of Cambodians had tried to cross the border every day but failed recently.

"They have no place to sleep, and they would be bitten by mosquitoes if sleeping outdoors, so I want to take them to my place. They just can't go through this checkpoint," said the local.

Thai Foreign Minister Sihasak Phuangketkeow said at a press conference Saturday that 6,000 to 7,000 Thai nationals were stranded on the Cambodian side of the Poipet border checkpoint.

Closure of Poipet border crossing leaves many stranded amid clashes