National Energy Administration: Encourage foreign investment in exploration and development of shale gas
June 20 02:17:15, 2025
On December 3, Liu Qi, Deputy Director of the National Energy Administration, addressed the first Energy International Investment Cooperation Forum, highlighting China's rapid progress in renewable and new energy resources. He predicted that this year, wind power connected capacity would reach 65 million kilowatts, with electricity generation exceeding 1,100 billion kWh. Solar power generation is also showing robust growth, with this year’s installed capacity set to surpass 7 million kilowatts.
Although the National Energy Administration had previously released the "Twelfth Five-Year Plan for Solar Power Development," aiming for an installed capacity of 21 million kilowatts by the end of 2015 and annual power generation reaching 25 billion kWh, the solar power goals are currently under review due to shifts in the global market and domestic industry conditions. Initially, the plan underwent several revisions before being finalized. It emphasized the development of distributed photovoltaic systems in central and eastern regions, targeting a total installed capacity of 10 million kilowatts. However, China's photovoltaic industry has faced significant challenges since last year, particularly with "double anti-dumping" measures from Europe and the U.S., and even India recently initiating similar investigations. Coupled with the ongoing "two-out" industry structure, the sector experienced a severe crisis. In response, relevant authorities promptly adjusted industrial policies to support the industry’s recovery. Liu Qi, however, did not disclose specifics regarding the revised solar power targets.
Liu Qi further noted that China has established a comprehensive legal framework for foreign investment, issuing multiple policies and guidance catalogs to attract foreign capital. In the energy sector, China encourages collaborative efforts in oil and gas exploration, including unconventional resources like shale gas. Additionally, investments in new energy power plants, hydropower stations, and clean coal combustion technologies are welcomed.
Looking ahead, Liu Qi mentioned that the National Development and Reform Commission and the Energy Administration will collaborate closely with diplomatic, fiscal, tax, commercial, and financial departments to expedite approvals for overseas energy projects while simplifying processes and managing risks. Policies are converging to enhance service quality and foster international cooperation. Through multilateral and bilateral mechanisms, China aims to provide robust support for its enterprises abroad.
Liu Qi also stressed the importance of corporate responsibility, urging Chinese firms to adhere to local laws, engage in community development, and protect the environment during their overseas investments. Supporting education, healthcare, and talent cultivation can help improve the local standard of living and solidify positive perceptions of Chinese enterprises.
Finally, Liu Qi expressed hope that both governments involved in international energy cooperation would prioritize mutual benefits and shared development, resolving any issues through friendly and equal negotiations. This statement reflects China’s commitment to fostering sustainable partnerships while addressing global energy challenges.
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