| Abstract: | Recently, the World Energy Outlook 2012, which was released by the global petrochemical giant Exxon Mobil, reported that the global energy demanded will increase by 30 percent in 2040 compared with 2010 with the economic growth and influences of demographic factors. Since 1993, China has become a net importer of energy from a net exporter. The total energy consumption has been greater than the total supply, and the external dependence of the energy demand increases rapidly. China's crude oil import volume and imports amount reached 253.78 million tons and 196.664 billion U.S. dollars in 2011, a growth rate of 6.00% and 45.30%, respectively, year-on-year. The significant increase in demand for oil and the caused structural contradictions are increasingly becoming the biggest challenge of China's energy security. |
