China State Planner and the National Energy Administration’s 15th Five-Year plan calls for stepped-up oil and gas exploration investment, prioritizing deep onshore, deepwater, unconventional and mature fields and making offshore and unconventional supplies the backbone of stable crude output. The plan sets a crude production target of about 200 million tonnes per year and calls for steady growth in natural gas output. It mandates accelerated trunk-pipeline and interconnection projects, targeting

China State Planner and the National Energy Administration’s 15th Five-Year plan calls for stepped-up oil and gas exploration investment, prioritizing deep onshore, deepwater, unconventional and mature fields and making offshore and unconventional supplies the backbone of stable crude output. The plan sets a crude production target of about 200 million tonnes per year and calls for steady growth in natural gas output. It mandates accelerated trunk-pipeline and interconnection projects, targeting primary gas transmission capacity of 500 bcm/year by 2030, development of provincial networks off the national trunk grid, and coordinated optimization of refinery, port and crude/refined-product pipeline layouts and flows.