The National Energy Administration has vigorously promoted the construction of a natural gas production, supply, storage marketing system to improve the guarantee capacity of natural gas supply

Energy consumption peaks in winter spring, coal demand will further increase the current high level, a spokesman for the National Energy Administration (NEA) said at an online press conference for the fourth quarter of 2021 on Nov 8.

"The next step, the National Energy Administration will continue to implement the party central committee state council on energy guarantee for decision-making deployment, safe environmental protection to increase production as a whole, focus on coal production, actively coordinate the prominent problems in the process of stable production, effectively increase the coal production capacity, to ensure smooth operation, economy society to ensure energy security for, to ensure that the people warm for the winter." A spokesman for the National Energy Administration said.

According to introduction, first, pay close attention to increase coal production supply. We will strengthen category-based guidance policy coordination, keep track of the implementation of policies that have been introduced, make adjustments in real time to those that are . We will focus on ensuring full stable production in large coal-producing provinces large mines with guaranteed safety. We will help provinces autonomous regions with low utilization rate of production capacity but still potential to increase production capacity to solve their practical difficulties, further increase utilization rate of production capacity, keep national coal output stable at a high level, increase supply production safely. Second, we will optimize the supply of coal. We should pay close attention to the supply demand situation of coal in winter, which is tight, orderly controllable on the whole. We will give high priority to ensuring coal supply in northeast China other key regions, give priority to resources transport capacity, work hard to ensure that people's coal needs are met. Third, we need to take an overall consideration. We will implement the 14th Five-Year Plan for coal in accordance with the principle of giving full play to the role of coal as the main source of energy, adhere to the system concept, continue to deepen supply-side structural reform, adhere to the "large pressure on small, increase the quality of green production," comprehensively improve the quality of coal production, further implement the role of coal as a guarantee for the bottom.

Since 2021, the NEA has vigorously promoted the construction of a natural gas production, supply, storage marketing system to improve its ability to guarantee gas supply, the spokesman said. In this year's heating season, xinjiang coal-to-gas pipeline (Qianjiang-Chenzhou section), west-east gas pipeline supercharging project, Liaohe gas storage pipeline supercharging project can be completed put into operation.

At the same time, the National Energy Administration takes "should be opened to the full" "should be stored to the full" as the main line of work, makes every effort to build gas storage capacity. This year, the gas injection plan of underground gas storage can be overfulfilled before the heating season, laying a solid foundation for the peak regulation of natural gas supply in winter. In addition, the National Energy Administration made every effort to start construction of new expanded gas storage projects listed in the annual plan, issued the implementation plan of national gas storage capacity construction to strengthen the construction of gas storage capacity during the 14th Five-Year Plan the medium long term.

Recent data the National Energy Administration show that since the beginning of this year, the growth of energy consumption has shown a trend of "high before low after", with the year-on-year growth rate falling quarter by quarter. In the third quarter, the year-on-year growth rate dropped by 14.3 percentage points 4.7 percentage points respectively compared with the first second quarters.

Meanwhile, the clean energy industry continues to grow. By the end of September, the installed capacity of hydropower, nuclear power, wind power solar power totaled 1.01 billion kw, accounting for 44.1 percent of the total installed capacity, up 3 percentage points the same period last year.

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Source: Shanghai Securities News

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