EU ENERGY SECTOR: China to Increase Non Fossil Fuel Share in Total Energy Mix in 2023

China to increase non-fossil fuels to 18.3% of the total energy mix in 2023, up from 17.5% in 2022 according to the National Energy Administration on 12 April.

• Non-fossil fuel power generation capacity including solar, wind, hydro and nuclear is expected to increase to about 51.9% of the total installed capacity of 2,790 GW in 2023 from 49.6% of 2,560 GW at the end of 2022 according to China Electricity Council.
• China plans to increase total energy supply to 4.75bn mt of standard coal equivalent in 2023, up from 4.41bn mt planned in 2022. Energy consumption was 5.41bn mt in 2022 according to the National Bureau of Statistics.
• China will continue to enhance oil and gas exploration and development efforts in 2023, including increasing crude oil production from the Mahu, Fuman, Bayan and Bohai projects. China produced 204m mt of crude and 217.8bcm of natural gas in 2022 according to the National Bureau of Statistics.
• It will also accelerate natural gas production projects and will prioritise the construction of underground gas storage, supplemented by coastal LNG storage tanks.