China has vowed to vigorously promote the integrated growth of oil and gas exploration and development with new energy, while actively expanding the scale of green electricity utilization by oil and gas enterprises.
Replacement of outdated coal capacity has been accelerating this year in China, as the government has vowed to shut down outdated production facilities while relying on advanced units to ensure sufficient energy supplies amid the country's green transition, said industry experts.
China and Russia are expected to increase energy cooperation in the years to come as trade between the two countries keeps growing and energy remains a major focus, industry analysts and market observers said.
Energy plays bigger role in bilateral trade chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Energy plays bigger role in bilateral trade chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.