2024 China Energy Outlook 2060 by Sinopec forecasts China's oil demand peaking before 2027.

Sinopec forecasts China's oil demand to peak before 2027, coal consumption to plateau around 2025, and non-fossil energy to dominate China's energy supply by 2045, as per its 2024 China Energy Outlook 2060. Natural gas usage is projected to peak by 2040, and China's hydrogen energy consumption is expected to reach 86 million tons by 2060, creating an industry worth 4.6 trillion RMB, with non-fossil fuel accounting for 93% of hydrogen energy production.

May 29, 2024
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