BEIJING: China’s energy output is expected to grow while energy consumption will dip in 2015, according to a report released here the other day.
Domestic crude oil output is expected to grow by 0.4 percent to reach 217 million tons in 2015, while refined oil and natural gas output will reach 294 million tons and 134.4 billion cubic meters respectively, according to a report released by a research center and a publishing house with the Chinese Academy of Social Sciences.
Consumption of refined oil is expected to grow by 2.1 percent to reach 277 million tons this year, one percent lower than the production growth. Meanwhile, refined oil net exports are estimated to reach 20.8 million tons, up 41.9 percent year on year, with export of diesel taking the lead, the report said.
