Opportunities and Challenges in transition of fossil energy system Wei Yuxiang Vice President CNPC Kazakhstan General Manager of CNPC Kazakhstan B.V. Branch Astana September 2017

Analysis The Practices Transition of energy system in China

Fossil fuel will last a longer period - fossil energy will take 77% of global primary energy consumption in the year of 2050 Share in Primary Energy Consumption Coal Nuclear Oil Water Power Natural Gas Renewable Year

Oil consumption in developed countries will decline - Proportion OECD countries comprising global oil consumption reduce to 37% in 2035, and to 32% in 2050.

Emerging economies will be sources to stimulate fossil fuel demands - 1.5 billion more people than today need to be supplied with energy resource additionally in 2035

Analysis The Practices Transition of energy system in China

Denmark goes for Zero Carbon - Today, Danish onshore wind power utilization has surpassed all renewable energy sources, serving as the cheapest source of energy for its newly increased generators.

Germany on the renewable - Germany is expecting 60% of energy consumption would come from the renewable by the year of 2050

Analysis The Practices Transition of energy system in China

Coal consumption in China has entered the period of peak - The peak perhaps has arrived earlier Coal Consumption in China During Past 10 years

Oil Supply Answers to Demand - Demand of oil products will increase in 10 years time and there are higher quality requirements to meet Jet Fuel

Natural Gas –Main Energy Source in Future - Clean and at demand Production Growth Rate

Renewable Energy in China Possibility of replacement. Inclusive for all.

The Guiding Ideology for Near Future Go green for fossil fuel Equal importance for economic development and energy system transition. Optimize development Reform and policy Electricity and NG Innovation Supply by demand Promote NG consump-tion Go green for fossil fuel New energy 中国“十三五”能源转型综合施治

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