By 2020 China is Expected to Need 2.8 Billion Tons of Coal and 600 Million Tons of Crude Oil.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c37686) has announced the addition of Understanding the China Energy Market: Trends and Opportunities 2006 to their offering. A new report details the current and future state of the energy industry in China. This report is for CEOs, strategists, and researchers seeking to identify market potential for their products and services in all sectors of the China energy industry. Give yourself the competitive edge with this comprehensive report. China's economic trajectory Trajectory The curve described by a body moving through space, as of a meteor through the atmosphere, a planet around the Sun, a projectile fired from a gun, or a rocket in flight. has driven its expanding energy needs, and it is now the world's second largest energy consumer behind the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Accompanying this increasing energy demand has been a growing dependence on imported oil, and China is now the world's third largest oil importer. China will continue to be a major player in world energy markets, but increasing energy demands pose tremendous challenges. China's present phase of economic and industrial development requires higher energy consumption per unit compared with developed nations. China's energy sector has enormous potential, especially the coal, petroleum and natural gas industries, yet China is currently a net importer of oil, and imports are expected to increase to more than 900 million barrels in 2006, against a total demand of 1.993 billion barrels per year. China is looking to expand its production of coal, natural gas, and renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. sources such as nuclear, solar and hydroelectric power hydroelectric power: see power, electric; water power. hydroelectric power Electricity produced from generators driven by water turbines that convert the energy in falling or fast-flowing water to mechanical energy. to meet the enormous appetite for energy spawned by its massive industrial complex and consumer sectors. It is estimated that in 2020, China will need 2.8 billion tons of coal and 600 million tons of crude oil, two and a half times more than in 2000. Given this scenario, China will need to import 250 million tons of petroleum, about 70%, from foreign sources. What's more, its carbon emissions will reach 1.94 billion tons, and China will likely overtake o·ver·take tr.v. o·ver·took , o·ver·tak·en , o·ver·tak·ing, o·ver·takes 1. a. To catch up with; draw even or level with. b. To pass after catching up with. 2. the US as the nation with the highest greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions. To deal with this situation, the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
In recent years, China has allowed market forces to play a larger role in its economy. Foreign investors are being encouraged by the government to participate in exploitation of the country's natural gas resources, energy infrastructure construction, sales of natural gas, coal mining, gas-fired power generation and the production of petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. products. Shell, Exxon Mobil and BP are jostling for a slice of China's gas market, where demand is expected to quadruple quad·ru·ple adj. 1. Consisting of four parts or members. 2. Four times as much in size, strength, number, or amount. 3. Music Having four beats to the measure. n. to account for 8 percent of China's total energy supply by 2010. In order to tap China's growing energy market foreign companies are making heavy investments. China will inevitably have a profound impact on future global energy markets, energy security, and environmental quality. A clearer understanding of what is happening in Chinese energy markets is essential, and this report explores the new energy-economic relationship that will influence both the international community and China. Topics Covered Section I - Overview of China Energy Market Historical Background Market Value Consumption Production Reserves Export and Import Market Segmentation Market Segmentation A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market Forecast Section II - Market Analysis PEST Analysis PEST analysis stands for "Political, Economic, Social, and Technological analysis" and describes a framework of macroenvironmental factors used in environmental scanning. Porter's Five Forces Analysis Socio-Economic Trends Consumption Trends Section III - Market Segments Electricity Oil Natural Gas Liquefied Natural Gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. Liquid Petroleum Gas Nuclear Power Coal Renewables Photo Voltaics Wind Power Hydroelectric Each Market Segment details current and planned projects, and lists participants in that sector. Section IV - Breaking Into the Market Regulatory Framework Methods of Market Entry Foreign Investment Challenges Government Agencies For more information visit http://www.researchandmarkets.com/reports/c37686 |
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