China's rapid economic development is having profound implications
for energy resources. China has always been exceptionally reliant
on its abundant coal, but consumption of oil and gas have grown
rapidly since reform began in the 1980s. In spite of vigorous
domestic development - most recently in the Tarim Basin - China is
now consuming approximately 8 per cent of the world's oil output
but producing only 4 per cent. China's emergence as an energy
importer has given rise to concerns that it is a major contributor
to recent turmoil in energy markets. This book examines China's
record of oil and gas development, its refining capacity, and
energy prospects. The authors conclude that there are no
fundamental reasons for anxiety about China's demands on the world
energy economy, but they emphasize that its energy future will
depend critically on a continuation of reform and
internationalization. China and the Global Energy Crisis is a
concise but detailed study of these issues. This book will appeal
not only to readers concerned with China and energy issues, but
also to a wider readership seeking to understand China's
development and its global meaning.
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