China's "15th Five-Year Plan": 2030 Oil & Gas Supply Target of 440 Million Tonnes of Oil Equivalent
Nashnova编辑部
China's NDRC and National Energy Administration jointly released the oil-and-gas 15th Five-Year Plan, locking in 440 million tonnes of oil equivalent by 2030 and 20,000 km of new pipelines — a clear signal that Beijing is doubling down on energy self-sufficiency.
How big is 440 million tonnes of oil equivalent?
The plan targets total oil-and-gas supply of 440 million tonnes of oil equivalent by 2030, combining domestic output and imports.
This means → Beijing has turned "continuously strengthening self-sufficiency" from a slogan into a hard, quantified deliverable.
In plain terms = this is the five-year KPI for China's entire oil-and-gas sector.
How much pipeline and import capacity is being added?
New long-distance oil-and-gas pipelines: 20,000 km, bringing the national total to 220,000 km.
LNG terminal capacity target: 200 million tonnes/year. Overland pipeline gas import capacity: 114 billion cubic metres/year.
This means → pipelines and terminals are the "circulatory system" — without the capacity, neither imported nor domestic gas can reach end users at scale.
Why does the plan stress gas reserves "above 13% of consumption"?
The plan calls for natural-gas storage to grow continuously, reaching over 13% of national consumption.
In plain terms = storage works like a grain reserve — the bigger the consumption, the larger the buffer you need for winter peaks or an international supply cut.
This reflects the lessons of recent winter gas shortages and global supply swings, now codified as a policy floor.
What signal does the carbon-capture target send?
The plan sets an annual CO₂ injection target of 10 million tonnes for CCS/CCUS — carbon capture, utilisation and storage, which captures emitted CO₂ and buries it underground.
This means → the oil-and-gas sector is not simply being told to "pump more"; it must decarbonise in parallel, embedding green transition into its output targets.
Can these targets actually be met?
The plan itself flags three make-or-break variables: pipeline construction pace, storage-facility investment, and progress on international supply partnerships.
In plain terms = writing numbers on paper is step one; whether the money lands, the pipes get built, and the import deals close will determine success or failure.
Content is for reference only, not financial advice.