Promote the reform of the oil and gas system and mechanism

The second meeting of the Central Committee for Comprehensively Deepening Reform recently deliberated and adopted the "Implementation Opinions on Further Deepening the Reform of the Oil and Gas Market System and Enhancing the National Oil and Gas Security Capacity", pointing out that it is necessary to focus on the goal of improving the national oil and gas safety and security capacity, and actively and steadily promote the reform of the upstream, midstream and downstream systems and mechanisms of the oil and gas industry in view of the outstanding problems existing in the oil and gas system to ensure stable and reliable supply.

Energy security is a major strategic issue related to national security and national interests. In China, the contradiction of energy security is prominently reflected in oil and gas security. From transportation and industry to residential heating, oil and gas supply affects all aspects of the economy and society. In addition to its widespread use as fuels, oil and gas are the foundation of the chemical industry, providing raw materials for a wide range of commodities such as plastics, fertilizers, cosmetics, pharmaceuticals and textiles. Whether we can obtain a stable and affordable oil and gas supply will directly affect the global competitiveness of China's manufacturing industry, domestic industrial production, and people's lives. Considering that China's dependence on foreign oil and natural gas is as high as 70% and 40% respectively, the issue of oil and gas supply must be paid great attention to.

Under the "dual carbon" goal, compared with other bulk commodities, large fluctuations in oil and gas prices will exist for a long time, becoming one of the biggest uncertainties in global economic development. With the in-depth promotion of industrialization and urbanization in China, energy demand will maintain rapid growth for a long time in the future, and more attention should be paid to the utilization of oil and natural gas.

Although China's energy endowment is "short of oil and gas", from the perspective of resource conditions, there is still great potential for increasing oil and gas reserves and production in the future. In terms of oil, in the past three years, China's annual new proven geological reserves of crude oil have exceeded 1 billion tons, and this scale is expected to continue to be maintained; In terms of natural gas, China is very rich in unconventional natural gas resources such as coalbed methane and shale gas, and has good prospects for exploration and development. In the past five years, the proportion of unconventional natural gas (shale gas and coalbed methane) in the country's total natural gas production has doubled from less than 7% to about 14%. With the continuous expansion of exploration and development and the progress of engineering technology, the production and economy of unconventional natural gas are expected to continue to increase, and if the development is reasonably guided, it is expected to alleviate the relative shortage of high-quality fossil energy resources in China.

Deepening the market-oriented reform of oil and gas is an important means to promote oil and gas exploration and development, increase reserves and production. With the deepening of the market economy, it has become an inevitable trend to liberalize energy prices, break the market monopoly, and restore the commodity attributes of energy. After years of exploration and innovation, China's oil and gas exploration and development market has been liberalized in an orderly manner, and key progress has been made in the reform of the operation mechanism of the oil and gas pipeline network, but it still cannot keep up with the pace of energy transformation and reform. Under the goal of "dual carbon", how to organize the market well and allocate oil and gas resources reasonably and efficiently is particularly urgent. Only by giving full play to the basic role of the market can we fully mobilize the enthusiasm of various business entities and comprehensively improve the oil and gas supply capacity.

It is unshakable to further promote the reform of the oil and gas system and mechanism. Efforts should be made to break down the institutional and institutional obstacles that affect the healthy development of the oil and gas industry, and give full play to the decisive role of the market in the allocation of oil and gas resources. Deepen the reform of the operation mechanism of the oil and gas pipeline network, orderly liberalize competitive links, encourage all kinds of capital to enter the field of oil and gas infrastructure construction and utilization, and clarify the responsibility of new entrants to ensure supply. Make full use of market-oriented means, mobilize the enthusiasm of upstream investment in oil and gas, and increase domestic oil and gas exploration and development, increase reserves and production. In the field of oil and gas resources, we will resolutely support the bottom line and ensure the core demand for domestic oil and gas.

As a major oil and gas importer, China should also put the construction of oil and gas reserve system in the same important position as oil and gas exploration and development investment, strengthen the construction of production, supply, storage and marketing system, deepen the reform of oil and gas reserve system, and accelerate the formation of government reserves, corporate social responsibility reserves and production and operation inventories that organically combine and complement each other, and combine physical reserves, production capacity reserves and other reserve methods. We should give full play to the emergency response and adjustment capabilities of reserves, and take multiple measures to deal with possible fluctuations in international oil and gas supply and prices.

 As a leading enterprise in energy equipment solutions, Sany Energy will never forget its original intention, take technological innovation and digital empowerment as the twin engines, polish the corporate business card of "manufacturing + service", explore breakthroughs in key areas of manufacturing with innovation, and continue to play a leading role in ensuring national energy security.