Forecasting the Future: CNPC ETRI's Insights into the Evolving Energy Landscape

On January 21, CNPC ETRI released its 2024 report on the oil and gas industry, highlighting a stable yet evolving global energy landscape. The report emphasizes transitioning to clean energy, increased electrification, and green practices by 2025. China's role is crucial in achieving sustainability and mitigating climate change.

On January 21, the CNPC Economics & Technology Research Institute, known as CNPC ETRI, released its 17th annual report on the oil and gas sector titled the '2024 Report on Oil and Gas Industry Development' in Beijing.

The report projects a 'stable yet evolving' energy landscape in 2024, underpinned by a resilient global economy. It highlights significant trends like the shift toward clean energy and increased electrification, predicting moderate global energy demand growth by 2025.

CNPC ETRI analysts foresee a technological revolution and a move to a multipolar world will reshape energy dynamics, with China's renewable energy efforts crucial for stabilizing the global supply chain and addressing climate change.

(With inputs from agencies.)