China Petroleum Exploration ›› 2024, Vol. 29 ›› Issue (5): 12-20.DOI: 10.3969/j.issn.1672-7703.2024.05.002

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10th anniversary of oil and gas system and mechanism reform: achievements and prospects

Duan Yanzhi1,Guo Jiaofeng2,Xu Shuping3   

  1. 1 Research Institute of Natural Gas Economics, PetroChina Southwest Oil & Gasfield Company; 2 Research Institute of Resources and Environment Policies, Development Research Center of the State Council; 3 Strategic Research Center of Oil and Gas Resources, Ministry of Natural Resources
  • Online:2024-09-14 Published:2024-09-14

Abstract: In June 2014, at the sixth meeting of the Central Financial and Economic Leading Group, President Xi Jinping proposed to promote the energy consumption revolution, energy supply revolution, energy technology revolution, energy system revolution and strengthen comprehensive international cooperation, actively promote energy system reform, accelerate the formulation of the overall plan for the reform of power system and oil and gas system, and initiate the work of amending and abolishing laws and regulations in the energy sector, which provided fundamental guidance for deepening reforms, comprehensive green transformation, and high-quality development of oil and gas sector in China. In order to comprehensively grasp the overall requirements of the new energy security strategy in the new era, and the key works and main achievements of the reform of oil and gas system and mechanism, the key laws, policies, standards, and other documents related to the reform of oil and gas system and mechanism since 2014 are systematically summarized, and the main achievements are overviewed qualitatively and quantitatively. The study results show that Chinese government has persisted in promoting the reform of oil and gas system and mechanism for the past decade, and conducted a series of reform measures, including the construction of legal regulations and standard systems in oil and gas sector, transformation of government management functions in the oil and gas industry, guidance and construction of an oil and gas market system, and the promotion of oil and gas pricing mechanism reform, strongly supporting the increase of oil and gas reserves and production, as well as the acceleration of industry development. In the future, associated with the new journey of comprehensively building a socialist modernized country of China, the legal and regulatory system in oil and gas industry should be improved, a capable government and an effective regulatory system should be established, an “X+1+X” oil and gas market pattern should fully be constructed, and an oil and gas pricing mechanism of “controlling the middle and opening up both ends” should be formed, so as to comprehensively ensure the high-quality development of oil and gas industry.

Key words: energy revolution, oil and natural gas, system and mechanism reform, law and regulation, government management and regulation, oil and gas prices

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