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China's $470B energy push since 2019 boosted oil/gas output, cutting import reliance and reshaping global markets.
China has invested $468–470 billion since 2019 to boost domestic oil and gas production, making it the world’s seventh-largest crude producer and fourth in natural gas.
Driven by energy security goals amid geopolitical tensions, state firms like PetroChina, Sinopec, and Cnooc have expanded drilling, especially in the Bohai Sea, increasing output despite slowing demand from economic moderation and clean energy growth.
This surge undermines prior forecasts of rising Chinese LNG imports, forcing global energy firms to revise export plans.
Though China remains a net importer, its growing self-sufficiency enhances resilience against supply shocks and reduces vulnerability to external pressure.
El impulso energético de $ 470B de China desde 2019 impulsó la producción de petróleo y gas, reduciendo la dependencia de las importaciones y remodelando los mercados globales.