Lates News

Wang Hongzhi, a member of the Party Group of the National Development and Reform Commission and director of the National Energy Administration, stated at the "High-Quality Completion of the 14th Five-Year Plan" series of press conferences held by the State Council Information Office on August 26 that China has now established a relatively complete energy production, supply, storage, and distribution system, as well as a mechanism to ensure stable supply and prices. The country's energy storage capacity has steadily increased, and the formation of a national oil and gas grid has been accelerated to fully utilize the resource allocation and regulation role of the grid. The construction of a number of inter-provincial power mutual aid projects and supporting regulatory power projects, as well as the gradual release of power user response capabilities, have also been achieved. In recent years, in the face of frequent international geopolitical conflicts and significant fluctuations in global energy supply and demand, China's energy supply and demand and the use of energy for people's livelihoods have remained stable and orderly.