1、 CHINA Michal Meidan,Head of China Energy Research,OIES The outlook for Chinas fossil fuel consumption under the energy transition and its geopolitical implications June 2023 December 2021 OIES PAPER:CE8 OIES PAPER:ET06 The contents of this paper are the authors sole responsibility.They do not neces
2、sarily represent the views of the Oxford Institute for Energy Studies or any of its Members.i The contents of this paper are the authors sole responsibility.They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members.Copyright 2023 Oxford Institute fo
3、r Energy Studies(Registered Charity,No.286084)This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder,provided acknowledgment of the source is made.No use of this publication may be made for resale or for any other commer
4、cial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies.ISBN 978-1-78467-209-6 With funding support from the Ministry of Defence,UK The contents of this paper are the authors sole responsibility.They do not necessarily represent the views of the Oxfor
5、d Institute for Energy Studies or any of its Members.ii Acknowledgements The author thanks Philip Andrews-Speed,Bassam Fattouh and James Henderson for their comments and suggestions.The contents of this paper are the authors sole responsibility.They do not necessarily represent the views of the Oxfo
6、rd Institute for Energy Studies or any of its Members.iii Executive summary China is currently the worlds largest oil importer and is on track to becoming the biggest consumer of liquefied natural gas(LNG).In 2022 the country relied on imports for 75 per cent of its oil consumption,and 41 per cent o