BEIJING/SINGAPORE: China's total primary energy consumption is expected to peak around 2035, at 5.6 billion tonnes of standard coal equivalent, under Beijing's recently announced carbon-neutral goal, China National Petroleum Corp's (CNPC
) research arm said on Thursday.
China, the world's largest energy consumer
and biggest emitter of climate warming greenhouse gases, has vowed to bring its total carbon emissions to a peak before 2030 and to be carbon neutral by 2060.
In its annual long-term energy outlook, the research arm of state energy firm CNPC also forecast China's oil demand
to be capped at 730 million tonnes by around 2025.
Natural gas, a key bridge fuel over the next two decades with a 2.8% per annum demand increase, will peak around 2040 at 550 billion cubic metres, CNPC said.
Consumption of coal, currently accounting for 58% of China's energy mix, will fall sharply from 2025, to 2.9 billion tonnes in 2035 and to 900 million tonnes in 2050, CNPC said.