China has taken measures to ensure stable domestic supply of oil and gas amid global market volatility driven by the U.S.-Israeli war with Iran and its disruptions at the Strait of Hormuz, according to a senior official from the country's National Development and Reform Commission (NDRC).
"In recent years, China has focused efforts on strengthening the development of energy and resource production and reserve systems, vigorously promoting a comprehensive green transition in its economic and social development, and continuously enhancing the security and resilience of production and supply chains," said NDRC deputy head Wang Changlin at a press conference in Beijing on Friday.
"These efforts have laid a solid foundation for withstanding global energy supply shocks. Since the beginning of this year, the country has made every effort to ensure stable supply of oil and natural gas. By maintaining stable production, diversifying import sources, and implementing temporary price controls, China has ensured smooth and orderly supply of oil and natural gas, effectively safeguarding stable economic operations and meeting the needs of the people's livelihood," he said. During the period of the 15th Five-Year Plan (2026-2030) for national socioeconomic development, China will also implement a initiative to double its non-fossil energy capacity in 10 years and accelerate the development of a new energy system, according to the official. "Efforts will be made to accelerate high-quality development of non-fossil energy. We will coordinate the development of both centralized and distributed clean energy, and advance high quality construction of major projects such as the Yarlung Zangbo Hydropower project and new energy bases in deserts, Gobi and barren lands. We will make every effort to increase the scale of non-fossil energy power generation and consumption, and actively promote non-electric use of non-fossil energy. Through these efforts, it is projected that by 2030, the supply of non-fossil energy will have grown significantly compared to 2025, and by 2035, it will have doubled compared to 2025," Wang said.
"Measures will also be taken to promote safe, reliable and orderly substitution of fossil energy, expand domestic energy production, strengthen the capacity for energy reserves such as oil and natural gas, and continuously consolidate the foundational role of traditional energy in ensuring supply security," he added.
China takes measures to ensure energy security amid global supply disruption: official
