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China Will Become The World's Largest Oil Importer By 2020
Dec 15, 2017

Recently, the International Energy Agency (IEA) released the "China Special Report on World Energy Outlook 2017" in Beijing. The report said that by the year 2020 or so, China will become the world's largest oil importer.

The report pointed out that the focus of energy demand is moving to emerging economies, especially China, India and the Middle East, these emerging economies will promote global energy demand growth of more than 1/3. It is estimated that after 2020 China will become the largest oil importer in the world, and India will become the largest coal importer. Thanks to shale gas exploitation, the United States will achieve energy self-sufficiency by 2035. The report also predicts that by 2035, China's total energy consumption will increase by 50% over the current level and the per capita energy demand will increase by 40%. same to the level as that of Europe; at that time, China will become the world's largest consumer of energy.

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