Notice by the National Energy Administration of Issuing the Guiding Opinions on Energy Work in 2024

Notice by the National Energy Administration of Issuing the Guiding Opinions on Energy Work in 2024

(No. 22 [2024] of the National Energy Administration)

The energy bureaus of all provinces, autonomous regions, and municipalities directly under the Central Government; the development and reform commissions of relevant provinces, autonomous regions, municipalities directly under the Central Government, and Xinjiang Production and Construction Corps; all local offices; CNNC, PetroChina, Sinopec, CNOOC, PipeChina, State Grid, China Southern Power Grid, China Huaneng, China Datang, China Huadian, SPIC, China Three Gorges Corporation, CHN Energy, SDIC, China Resources Group, China Coal Group, and CGN:
For the purpose of thoroughly implementing the relevant decisions and arrangements of the CPC Central Committee and the State Council, ensuring solid energy work in 2024, and continuing to promote high-quality energy development, the Administration has researched and formulated the Guiding Opinions on Energy Work in 2024, which are hereby issued. You shall conduct the work as soon as possible based on the conditions and inform the Administration (Development Planning Department) of the implementation by correspondence by the end of December 2024.

National Energy Administration
March 18, 2024

Annex: Guiding Opinions on Energy Work in 2024

Guiding Opinions on Energy Work in 2024

2024 marks the 75th founding anniversary of the People's Republic of China and the 10th anniversary of the in-depth implementation of the new energy security strategy of "Four Revolutions, One Cooperation." This year is critical for completing the goals and tasks outlined in the "14th Five-Year Plan," highlighting the importance of effective energy work throughout the year. These Opinions are formulated for the purposes of thoroughly implementing the decisions and arrangements of the CPC Central Committee and the State Council, continuing to promote green and low-carbon energy transformation and high-quality development, and safeguarding energy security.
I. General requirements
1. Guiding ideology
The guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era shall be adhered to. The spirit of the 20th National Congress of the Communist Party of China shall be fully implemented, along with the arrangements of the Central Economic Work Conference and the Government Work Report. The underlying principle of pursuing progress while ensuring stability shall be thoroughly implemented. The new development philosophy on all fronts shall be fully applied. It's imperative to foster a new development dynamic at a faster pace, implement the new energy security strategy in-depth, and provide better coordination between development and security. The relationship between new energy and traditional energy, between overall and local work, and between energy development and economical utilization shall be appropriately handled. Efforts shall be directed towards improving energy security capabilities, promoting green and low-carbon energy transformation, deepening energy reform and innovation, and enhancing international energy cooperation. The planning and construction of new energy systems shall be accelerated to provide safe and reliable energy guarantees for the Chinese path to modernization.
2. Basic principles
Adhering to prioritizing national energy security: The good situation of "stable and reliable electric power, guaranteed oil and gas, backstopped coal, and high-quality leap in new energy" shall continue to be consolidated. Reasonable flexibility of energy production capacity shall be maintained, and the building of reserve capacity shall be strengthened. Work safety requirements shall be adhered to, energy security risk and challenges shall be effectively responded to, and economic and social development as well as the energy needs of the people for a better life shall be ensured.
Adhering to actively and vigorously promoting the green and low-carbon energy transformation: The concept of ecological priority and green development shall be deeply implemented, and the goal of peak carbon emissions and carbon neutrality ("dual-carbon goal") shall be unswervingly implemented at a measured pace and level. The coordination between supply and demand shall be strengthened to enhance systematic consumption and maintain the momentum of high-quality and rapid development of clean energy.
Adhering to enhancing new development momentum in reliance on scientific and technological innovation: Weaknesses in energy technology and equipment shall be addressed while strengths are consolidated and developed. Joint research on key core technologies shall be strengthened. The actions aim to improve the international competitiveness of advantageous energy industries. The transformation and application of research results shall be strengthened to promote the development of new productive forces.
Adhering to deepening reform and opening up and fueling development: The reform of systems and mechanisms in key fields and steps shall be deepened, the establishment of a national single power market system shall continue to be promoted, and the reform of the oil and gas market system shall be deepened, so as to continuously improve the efficiency of energy governance. International energy cooperation shall be pragmatically advanced, high-level opening up shall be expanded, and active participation in global energy governance shall be pursued.
3. Main goals
Continuing to improve supply security capabilities: The country's total energy production will reach approximately 4.98 billion tons of standard coal. Coal production will be stabilized and increased, while crude oil production will be held at more than 200 million tons, and natural gas production will remain on the rapid rise. The installed power capacity will reach about 3.17 billion kilowatts, and the power generation capacity will reach about 9.96 trillion kilowatt hours. The capacity of "West-to-East Power Transmission" will continue to improve.
Continuing to optimize the energy structure: The proportion of non-fossil energy installed power capacity will increase to about 55%. Wind power and solar power will collectively account for more than 17% of the country's power generation. Natural gas consumption will increase steadily, leading to a rise in the proportion of non-fossil energy in total energy consumption to about 18.9%. The proportion of terminal electricity consumption will continue to increase.
Steadily improving quality and efficiency: new achievements will be attained in the clean, efficient development and utilization of energy. The linkage between three types of transformation of coal and electricity will continue to be advanced. The average utilization hours of inter-provincial and inter-regional power transmission channels will remain within a reasonable range. Continued development of clean heating in North China will be fostered. The application of scientific and technological innovations will progress.
II. Continuing to consolidate the foundation for energy security
Energy security is the cornerstone of high-quality development. Efforts shall be directed towards continuously consolidating and increasing oil and gas production, maintaining reasonably sufficient coal production capacity, enhancing strategic reserves and regulation capabilities, and strengthening regional coordinated guarantees, thereby laying a solid foundation for energy security.
Strengthening the backstop for fossil energy: In-depth research shall be conducted on the implementation of the mid- to long-term development strategy for increasing oil and gas reserves and production. Efforts shall be increased in oil and gas exploration and development, stable production in available oil fields shall be promoted, production capacity building in new areas shall be accelerated, and the building of oil and gas production capacity in key areas with "deep-hole, deep-water, non-standard, and stable wells" shall be strengthened. The transformation and upgrading of oil refining projects shall be promoted in an orderly manner. The construction of gas storage facilities shall be accelerated, and underground gas storage as well as coastal liquefied natural gas receiving station storage tank projects shall be promoted. The protection of oil and gas pipelines shall be strengthened. Advanced coal production capacity shall be released in an orderly manner, the earliest construction of approved projects shall be promoted, coal mine projects under construction shall be commissioned and arrive at full capacity as soon as possible, and a number of safe, intelligent, green large modern coal mines shall be approved, so as to guarantee the stable continuity of coal production capacity and promote the maintenance of a high output based on work safety. A coal production capacity reserve system shall be established, and the building of coal transportation channels and product reserve capabilities shall be strengthened to improve the flexibility of the coal supply system.
Improving the stabilization and regulation capabilities of the power system: Relevant policies shall be issued and implemented to guide the transformation and development of thermal power. Integrated coal and coal power consortia shall be promoted, supporting and regulating coal power shall be reasonably arranged, and the construction of coal power projects included in plans in provinces suffering serious power shortages shall be accelerated, with the aim of commissioning them as soon as possible. Decommissioned units shall be converted into emergency backup power sources as needed in compliance with......